Regulatory Alerts2021-10-07
Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
The Canadian securities regulators amended Regulation 81-101 to introduce definitions for automatic switch programs and portfolio rebalancing plans within mutual fund prospectus disclosure rules. The amendments exempt dealers from delivering Fund Facts documents for subsequent purchases under these plans, managed accounts, and automatic switch programs, provided specific notice and access conditions are met. Additionally, the regulation permits electronic delivery of Fund Facts documents and updates Form 81-101F3 to standardize disclosure requirements for newly established funds and automatic switch programs.
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