Regulatory Alerts2022-01-06
Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
The Canadian Securities Administrators issued this policy statement to clarify the regulatory framework for mutual fund prospectus disclosure under Regulation 81-101. It mandates that mutual funds provide investors with a simplified prospectus and a concise 'Fund Facts' document containing key information on performance, risk, and cost. The statement further details requirements for plain language usage, document formatting, filing procedures, and the handling of amendments to ensure clarity and comparability for investors.
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