Regulatory Alerts2026-06-11
Draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The regulator amends Regulation 31-103 to require registered firms to disclose specific compensation arrangements when acting as a principal distributor for mutual fund securities. The amendment mandates that firms include a standardized footnote in reports detailing any exclusive distribution rights or material competitive advantages, along with the maximum percentage of management fees received for these services. The regulation becomes effective on January 1, 2027, with a transition period allowing compliance with prior rules until January 1, 2029, and a delayed effective date provision for Saskatchewan filings.
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