Regulatory Alerts2021-10-21
Regulatory and Consultation Notice: Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices and concordant regulations
The Autorité des marchés financiers has issued draft regulations to remove obsolete references to Ontario and Deferred Sales Charges from Quebec securities regulations. These amendments align local rules with the Multilateral and Ontario Deferred Sales Charge bans that prohibit upfront sales commissions and discontinue all forms of deferred sales charges. The Authority is seeking public comments on these consequential changes by November 20, 2021, prior to final publication aimed at harmonizing regulations across Canadian Securities Administrators jurisdictions.
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