Regulatory Alerts2024-11-28
Added · Updated
Regulation to amend Regulation 81-101 respecting Mutual Fund Prospectus Disclosure
The securities regulators have amended Regulation 81-101 to mandate enhanced disclosure regarding principal distributors in mutual fund prospectuses. The changes require funds to explicitly state if a principal distributor holds exclusive distribution rights or a material competitive advantage. Additionally, managers must disclose specific fee arrangements, including maximum percentages of management fees paid to distributors and the variables used to calculate variable fees.
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