Regulatory Alerts2022-06-01
Policy Statement to Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
The Canadian Securities Administrators issued this policy statement to explain the regulatory purpose and general approach for Regulation 81-101, which governs mutual fund prospectus disclosure. The document mandates that mutual funds provide investors with clear, concise, and comparable information through a simplified prospectus and a four-page Fund Facts document written in plain language. It further details specific requirements for the content, format, filing, delivery, and amendment of these disclosure documents to ensure readability and investor comprehension.
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