I've been told that raising from accredited Ontario Canada investors would subject GPs to the OSC regs. Do I need to register with OSC before launching the fund? I've been told if I am representing myself as a fund and making buy and sell decisions, I'm filing in the role of an investment fund/portfolio manager, which apparently requires registration with the regulator. How do we not have to register with the OSC first before raising capital? Or talking to investors.
Thank-you very much for this thorough response. This is helpful.
Aug 30, 2023 6:56pm
Here is a post from Gowling WLG in 2012 that also supports the response. (3rd paragraph) https://gowlingwlg.com/en/insights-resources/articles/2012/new-canadian-investment-fund-manager-registration/
Aug 30, 2023 7:15pm
Thanks Anna, any follow up to this question?
Jul 27, 2023 6:37pm
Wanted to check in on this question!
Aug 29, 2023 4:26pm
Just spoke with the team, reply coming soon...
Aug 29, 2023 4:46pm