Regulatory Alerts2024-11-28
Added · Updated
Draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The regulator amends Regulation 31-103 to mandate specific disclosure requirements for registered firms acting as principal distributors of mutual fund securities. The amendment requires firms to include a footnote in reports disclosing any exclusive distribution rights or material competitive advantages, along with the maximum percentage of management fees received for these services. This change aims to enhance transparency regarding conflicts of interest and compensation structures in the distribution of investment fund securities.
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