Regulatory Alerts2019-09-12
Draft Regulation to Amend Regulation 81-101 Respecting Mutual Fund Prospectus Disclosure
Canadian securities regulators issued this draft regulation to reduce regulatory burden for investment fund issuers by amending Mutual Fund Prospectus Disclosure rules. The amendments introduce definitions for automatic switch programs and portfolio rebalancing plans, while exempting dealers from delivering Fund Facts documents for subsequent purchases under these plans, managed accounts, and for non-individual permitted clients. Additionally, the regulation permits electronic delivery of Fund Facts documents and updates disclosure requirements for newly established mutual funds and automatic switch programs.
Share