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of <h1>Regulation 20 exempts eligible fund managers from specified portfolio manager rules for eligible investment funds, narrowing one schedule reference</h1> Regulation 20 provides that eligible fund managers are exempt, when acting as portfolio managers for eligible investment funds, from specified provisions of the portfolio manager regulations, related schedules and circulars. The exemptions cover specified sub-regulations of provisions governing client agreements, disclosures, investment limits, valuation and reporting obligations, certain forms and named schedules; a later amendment narrows one schedule reference. The effect is to relieve eligible fund managers from applying those enumerated requirements in their dealings with eligible investment funds.
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