Regulatory Alerts2020-09-17
Regulation to Amend Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
Regulatory authorities amended Regulation 81-101 to introduce section 3.2.04.1, which defines no-trailing-commission switches and exempts dealers from delivering Fund Facts documents for such transactions. This exemption applies when a client redeems securities with trailing commissions to purchase identical securities without them, provided no suitability determination was legally required. The amendments officially came into force on December 31, 2020, with specific provisions for Saskatchewan regarding filing dates.
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