2022-04-14

Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices

The Minister of Finance approved the Autorité des marchés financiers' Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices on March 28, 2022. This approval finalizes the amendment process following a public consultation period and results in the repeal of Section 3.1 of the original regulation. The amended regulation officially comes into force on June 1, 2022.

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Part 2 GAZETTE OFFICIELLE DU QUÉBEC, April 13, 2022, Vol. 154, No. 15 1075 M.O., 2022-04 Order number V-1.1-2022-04 of the Minister of Finance dated 28 March 2022 Securities Act (chapter V-1.1) Concerning the Regulation to amend Regula￾tion 81-105 respecting Mutual Fund Sales Practices Whereas paragraph 16 of section 331.1 of the Securities Act (chapter V-1.1) provides that the Autorité des marchés financiers may make regulations concerning the matters referred to in that paragraph; Whereas the third and fourth paragraphs of section 331.2 of the said Act provide that a draft regulation shall be published in the Bulletin de l’Autorité des marchés financiers, accompanied with the notice required under section 10 of the Regulations Act (chapter R-18.1) and may not be submitted for approval or be made before 30 days have elapsed since its publication; Whereas the first and fifth paragraphs of the said section provide that every regulation made under section 331.1 must be approved, with or without amend￾ment, by the Minister of Finance and comes into force on the date of its publication in the Gazette officielle du Québec or on any later date specified in the regulation; Whereas the Regulation 81-105 respecting Mutual Fund Sales Practices was made by the decision no. 2001-C-0212 dated 22 May 2001 (Supplément au Bulletin de la Commission des valeurs mobilières du Québec, vol. 32, no. 22 of 1 June 2001); Whereas there is cause to amend this Regulation; Whereas the draft Regulation to amend Regula￾tion 81-105 respecting Mutual Fund Sales Practices was published for consultation in the Bulletin de l’Autorité des marchés financiers, vol. 18, no. 42 of 21 October 2021; Whereas the Autorité des marchés financiers made, on 9 March 2022, by the decision no. 2022-PDG-0011, Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices; Whereas there is cause to approve this Regulation without amendment; Consequently, the Minister of Finance approves without amendment the Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices appended hereto. 28 March 2022 Eric Girard Minister of Finance REGULATION TO AMEND REGULATION 81-105 RESPECTING MUTUAL FUND SALES PRACTICES Securities Act (chapter V-1.1, s. 331.1, par. (16))

  1. Section 3.1 of Regulation 81-105 respecting Mutual Fund Sales Practices (chapter V-1.1, r. 41), as amended by section 2 of Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices, approved by Ministerial Order No. 2020-10 dated April 20, 2020 (2020, G.O. 2, 1349), is repealed.
  2. This Regulation comes into force on 1 June 2022. 105640 © Éditeur officiel du Québec, 2022