Regulatory Alerts2020-05-07
Added · Updated
Regulation to amend Regulation 81-105 respecting Mutual Fund Sales Practices
The Minister of Finance approved the Autorité des marchés financiers' regulation amending Regulation 81-105 respecting Mutual Fund Sales Practices. The amendments prohibit mutual fund organizations from paying escalating commissions to participating dealers based on sales volume, holdings value, or specific time periods. Additionally, the regulation updates definitions of organizational members and mandates disclosure of ownership interests between mutual fund organizations and participating dealers.
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