Regulatory Alerts2023-06-09
Policy Statement to Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
The Canadian Securities Administrators issued this policy statement to clarify the regulatory purpose and general approach for Regulation 81-101 regarding mutual fund prospectus disclosure. The document mandates that mutual funds provide investors with clear, concise, and comparable information through a simplified prospectus and a four-page 'Fund Facts' document written in plain language. It further details specific requirements for document formatting, filing procedures via SEDAR+, handling of amendments, and the use of readability metrics to ensure investor comprehension.
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