Regulatory Alerts2020-02-20
Amendments to Policy Statement to Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
Regulatory authorities amended Policy Statement to Regulation 81-101 to mandate specific disclosure requirements for deferred sales charge options in mutual fund documents. The amendments require that fund facts documents and simplified prospectuses clearly indicate the jurisdictions where the deferred sales charge option is prohibited versus where it remains available. Investment fund managers are permitted to offer separate series or classes of securities to isolate the deferred sales charge option in jurisdictions where it is permitted.
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