Regulatory Alerts2022-04-28
CSA and CCIR Joint Notice of Consultation on Enhanced Cost and Performance Reporting for Investment Funds and Segregated Funds
The Canadian Securities Administrators and the Canadian Council of Insurance Regulators propose enhanced ongoing cost and performance disclosure requirements for investment funds and individual variable insurance contracts. These proposals require registrants and insurers to provide investors and policyholders with annual reports detailing embedded fees, such as management and trading expense ratios, in both percentage and aggregate dollar amounts. The Joint Regulators aim to improve investor protection and transparency by ensuring clients understand the total costs of ownership and the impact of guarantees on segregated fund contracts.
Share