Regulatory Alerts2024-11-28
Regulation to Amend Regulation 81-102 Respecting Investment Funds
The securities regulator has amended Regulation 81-102 to prohibit mutual fund managers from charging redemption fees to securityholders. This new prohibition, established as section 10.2.1, applies to all fees charged for the redemption of mutual fund securities. A transition provision exempts fees under existing arrangements that were in effect before June 1, 2022, from this ban.
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