The Canadian Securities Administrators is proposing that hedge fund managers be required to register through the Registration Reform Project.

The registration requirements for fund managers would focus on ensuring that they:

-have the resources to carry out their functions, or to properly supervise the functions if they are contracted to a third party, and to provide proper services to investors;

-manage their conflicts of interest;

-have adequate capital and insurance to provide protection for investors and minimize the risk of loss and disruption to them;

-have sufficient proficiency and integrity to carry out their functions

The CSA will also consider continuing its compliance/examination field reviews of the hedge fund industry participants including advisers and fund managers.

The Registration Reform Project is an ongoing initiative to harmonize, streamline and modernize the registration regime across the country.

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To comment on this story email craig.sebastiano@rci.rogers.com.