Investment Fund Market Guide – Canada
Key features (Register market)
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – Canada. |
Restrictions on customer | Yes | |
Restrictions on settlement | No |
Remarks | |
Market type / link type (Settlement link) | Register market and CSD link |
Eligible fund types in CBL | Register market: Funds constituted as: Trusts, Corporations, Limited Partnerships CSD linka: CSD-eligible closed-ended funds and ETFs |
a. Please refer to the Market Link Guide - Canada for more details on funds on CSD link.
Eligible fund types in CBL
Register market
The following types of investment funds exist in Canada:
- Funds constituted as trusts (including sub-trusts) - the investment position is usually referred to as a "Unit", which represents the rights of a beneficiary of the trust.
- Funds constituted as corporations - the investment positions take the form of shares (including “corporate class” funds where a separate pool of assets is held for each corporate class of shares and each such separate pool and class of shares is treated as a separate fund).
- Funds constituted as limited partnerships - the investment positions take the form of limited partnership units.
CSD link
Please refer to the Market Link Guide - Canada for more information.
Exchange Traded Funds (ETFs) - Listed ETFs have the same settlement process as listed equities.
CSD-eligible investment funds - CSD-eligible investment funds in Canada are eligible for settlement in CDS and DTC.