Regulatory Alerts2025-03-03
Policy Statement to Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
The Canadian Securities Administrators issued this policy statement to clarify the regulatory framework for mutual fund prospectus disclosure under Regulation 81-101. It mandates that mutual funds provide investors with a simplified prospectus and a concise 'fund facts' document written in plain language to ensure clear, accessible, and comparable information. The document further details specific requirements for document formatting, SEDAR+ filing procedures, amendment protocols, and website posting obligations to maintain transparency and investor comprehension.
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