Regulatory Alerts2021-06-21
Decision No. 2021-PDG-0032: General Decision Regarding a Transitional Exemption Concerning the Elimination of Deferred Sales Charges and Amendments to National Instrument 31-103
The Autorité des marchés financiers (AMF) issues a transitional exemption for registered persons regarding specific client-focused reforms in National Instrument 31-103. This decision relieves registrants from enhanced conflict of interest obligations and the client interest priority requirement in suitability assessments until May 31, 2022, to align with the implementation of the deferred sales charge ban. The exemption is granted under the condition that registrants comply with other modified provisions of the Instrument and the pre-amendment version of Article 13.4.
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