Amendments to Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure

AMENDMENTS TO POLICY STATEMENT TO REGULATION 81-101 RESPECTING MUTUAL FUND PROSPECTUS DISCLOSURE

1. Section 4.1.6 of Policy Statement to Regulation 81-101 respecting Mutual Fund Prospectus Disclosure is replaced with the following: “4.1.6. Filing of a fund facts document without a prospectus A fund facts document that is filed without a prospectus under subsection 2.3(5.2) of the Regulation should be filed under the category of “Year 2 Fund Facts – Auto Public” or “Year 2 Fund Facts – Private”. A fund facts document filed under the category of “Year 2 Fund Facts – Auto Public” should only include the following changes from the most recently filed fund facts document: (a) the date of the document (Item 1(d) of Part I of Form 81-101F3) (b) the total value of the fund (Item 2 of Part I of Form 81-101F3) (c) the MER (Item 2 of Part I and Item 1.3(2) of Part II of Form 81-101F3) (d) the top 10 investments (Item 3(4) of Part I of Form 81-101F3) (e) the investment mix (Item 3(5) of Part I of Form 81-101F3) (f) the risk rating (Item 4(2) of Part I of Form 81-101F3) (g) the past performance (Item 5 of Part I of Form 81-101F3) (h) the TER (Item 1.3(2) of Part II of Form 81-101F3), and (i) the fund expenses (Item 1.3(2) of Part II of Form 81-101F3). If there is a change to the most recently filed fund facts document that would be considered to be a material change under Part 11 of Regulation 81-106 respecting Investment Fund Continuous Disclosure (chapter V-1.1, r. 42), then the Year 2 Fund Facts should be filed under the category of “Year 2 Fund Facts – Private”, together with the documents required to be filed under subsection 2.3(5.2) of the Regulation and section 11.2 of Regulation 81-106 respecting Investment Fund Continuous Disclosure.”.