Regulatory Alerts2022-01-20
Multilateral CSA Notice: Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices and Related Consequential Amendments relating to Prohibition of Deferred Sales Charges for Investment Funds
The Canadian Securities Administrators, excluding the Ontario Securities Commission, are adopting local amendments to harmonize regulations across participating jurisdictions with Ontario's existing deferred sales charge ban. These changes remove obsolete references to deferred sales charges from specific regulations and policy statements effective June 1, 2022, following the implementation of the ban in Ontario. The amendments ensure that disclosure requirements regarding deferred sales charges are eliminated as the option is no longer offered in any CSA jurisdiction.
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