Regulatory Alerts2020-12-30
Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
The Autorité des marchés financiers, approved by the Minister of Finance, amended Regulation 81-101 to introduce specific rules regarding trailing commissions and fund document delivery. The amendments prohibit paying trailing commissions to dealers who are not required to perform suitability determinations and establish a 'no-trailing-commission switch' exemption from delivering Fund Facts Documents. These provisions generally came into force on December 31, 2020, with certain sections effective June 1, 2022, and specific filing rules applying in Saskatchewan.
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