Regulatory Alerts2024-09-19
Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators amended Regulation 81-101 to rename the 'management report of fund performance' as the 'fund report' across all relevant forms and sections. The amendments introduce new optional disclosure items for multiple simplified prospectuses, allowing funds to consolidate general risk and explanatory information to reduce repetition. Additionally, the changes update expense ratio terminology and establish transition periods to ensure a smooth shift from the previous reporting standards to the new 'fund report' framework.
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