Finance committee  If I may go to your first question just for a minute. I do think it's been improving over the last several years. Certainly, the work the government has done through the Red Tape Reduction Commission has been very helpful. Also, in our industry, we've built very good relationsh

Finance committee  That was basically the gist. The issue was that the 10% would have to be monitored constantly, and if you're about to go over that you might have to sell out of securities. It might be a very good investment but you wouldn't have any choice because otherwise you'd be subject to t

Finance committee  Yes. We believe that using the National Instrument 81-102 rules, where it's just 10% upon purchase of the security, would take care of that.

Finance committee  Thank you for the question. Yes, I think they do. We had real concerns about the red tape; the fact that minority investors could lose losses they were entitled to, through no fault of their own; and the fact that fund-on-funds, which is a significant part of our industry, wo

Finance committee  It essentially helps the commercial investment trust by laying out a series of tests so that if they're commonly invested commercial vehicles, they will be able to meet those tests, and therefore, they won't have these loss restriction events, which means investors won't lose the

Finance committee  Mr. Chair, thank you for this opportunity to provide the views of members of the Investment Funds Institute of Canada at this hearing. We are the voice of Canada's investment fund industry. By connecting savers to Canada's economy, our industry contributes significantly to Canadi