Regulatory Alerts2024-11-28
Added · Updated
CSA Notice and Request for Comment: Regulation to Amend Regulation 81-105 Respecting Mutual Fund Sales Practices (Principal Distributor Model)
The Canadian Securities Administrators propose amendments to the principal distributor model to enhance investor protection by clarifying that principal distributors may only distribute mutual funds within the same family. The draft regulations require full disclosure of principal distributor compensation and prohibit managers from charging redemption fees to eliminate the deferred sales charge option for these distributors. Stakeholders are invited to submit comments on these changes and related consultation questions by February 27, 2025.
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