Regulatory Alerts2023-08-31
Decision 2023-PDG-0041: Extension of the General Decision Regarding Temporary Exemption from Certain Obligations of National Instrument 81-105 to Facilitate Broker Discounts on Trail Commissions and Client Transfers
The Autorité des marchés financiers extends the temporary exemption from the prohibition on paying trail commissions under National Instrument 81-105 until its revocation. This decision allows investment fund managers and executing brokers to facilitate broker discounts on existing holdings and transfers to no-advice accounts. The extension ensures harmonized regulatory application and provides clear guidance to market participants regarding compliance with investor protection obligations.
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