Regulation to amend Regulation 81-102 respecting Investment Funds

The securities regulators have amended Regulation 81-102 to prohibit mutual fund managers from charging redemption fees to securityholders. This prohibition applies to fees charged under arrangements existing before June 1, 2022, unless those specific arrangements remain in effect. The new rule generally comes into force on October 1, 2026, with a specific filing-based effective date provision for Saskatchewan.

AMF published 22 documents in the last 30 days — get each new one by email the day it lands.

REGULATION TO AMEND REGULATION 81-102 RESPECTING INVESTMENT FUNDS Securities Act (chapter V-1.1, s. 331.1, par. (11) and (16))

Regulation 81-102 respecting Investment Funds (chapter V-1.1, r. 39) is amended by
inserting, after section 10.2, the following:
“10.2.1. Prohibition of Fees for Redemptions A manager must not charge a fee to a securityholder of a mutual fund for a redemption by the securityholder of securities of the mutual fund.”. Transition
Section 10.2.1 of the Regulation does not apply to a fee referred to in that section if
the fee is charged under a fee arrangement that existed before 1 June 2022, and the fee arrangement is still in effect. Effective Date
(1) This Regulation comes into force on 1 October 2026.
(2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 1 October 2026, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.

Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Timeline

This document amends: Regulation 81-102 Respecting Investment Funds

Source: Autorite des marches financiers Quebec — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works