Regulatory Alerts2021-10-21
Draft Amendments to Policy Statement to Regulation 31-103 Regarding Prohibition of Deferred Sales Charges
The regulator issued amendments to Policy Statement to Regulation 31-103 to align disclosure requirements with the prohibition of deferred sales charges for investment funds. The changes replace references to purchase transactions with redemption transactions to accurately reflect the timing of fee disclosures. Registrants are now required to discuss available sales charge options and explicitly address any applicable redemption fees or short-term trading fees with clients.
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