Regulatory Alerts2023-11-16
Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The Minister of Finance approved the Autorité des marchés financiers' regulation amending Regulation 31-103 to enhance transparency regarding investment fund costs. The amendment introduces new definitions for fund expenses and mandates that registered investment fund managers provide detailed cost data to dealers and advisers for client reporting. Registered firms must subsequently disclose specific fund expense ratios, direct charges, and related notifications to clients, with the changes coming into force on January 1, 2026.
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