Regulatory Alerts2022-04-07
Draft Regulation to Amend the Securities Regulation on Mutual Fund Fee Duplication
The Quebec Minister of Finance has published a draft regulation amending section 271 of the Securities Regulation to replace "all its assets" with "all or part of its assets". This modification prevents fee duplication for mutual funds investing only a portion of their portfolio in other group funds, ensuring charges apply exclusively to the gross value of distributed securities. Carrying no impact on enterprises or small and medium-sized businesses, the amendment will take effect fifteen days following its official publication.
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