Regulatory Alerts2026-06-11
Amendments to Policy Statement to Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
Regulatory authorities have amended Policy Statement to Regulation 31-103 to require principal distributors of mutual funds to disclose specific compensation arrangements with investment fund managers. The update mandates that registered firms include a footnote in their reports detailing the maximum percentage of management fees received from fund managers for distribution services. This disclosure requirement under paragraph 14.17(1)(v) is intended to enhance transparency regarding the distributor's interests, and firms are no longer expected to duplicate this information under paragraph 14.17(1)(g).
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