Regulatory Alerts2020-12-10
Regulation to Amend Regulation 41-101 Respecting General Prospectus Requirements
The Commission de suivi issued this regulation to amend Regulation 41-101 by introducing a new exemption for no-trailing-commission ETF switches. The amendment relieves participating dealers from the obligation to deliver ETF facts documents to clients when switching between ETF classes with identical aggregate values and no material differences other than management fees. This change, which aligns with suitability determination rules, comes into force on December 31, 2020, with specific filing provisions for Saskatchewan.
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