Timely Disclosure

Timely Disclosure

Updates and Commentary on Current issues in M&A, Corporate Finance and Capital Markets

Tag Archives: Mutual Funds

Sale of ETFs – Proficiency Standards Approved

Posted in Investment Funds, Securities Registration & Registrants
Last month, provincial securities regulators approved Policy No. 8 (Policy) of The Mutual Fund Dealers Association of Canada (MFDA).  The Policy establishes proficiency standards for mutual fund dealing representatives (Representatives) who wish to sell exchange-traded fund (ETFs). Although Representatives are legally permitted to sell certain types of ETFs (which are a type of mutual fund),… Continue Reading

Phase 2 Fund Modernization Amendments Now in Effect

Posted in Investment Funds, Securities Regulatory Authorities
The previously published amendments (Phase 2 amendments) to NI 81-102 as part of the CSA’s fund modernization project are now in effect. For mutual funds, the changes include: a new prohibition against investing in closed-end funds (subject to an 18-month transition period for existing mutual funds), and new sales communications requirements for mutual funds following… Continue Reading

Canadian Securities Administrators Seek Input on Mutual Fund Fee Structure in Canada

Posted in Investment Funds, Securities Regulatory Authorities
The Canadian Securities Administrators (CSA) recently released discussion paper 81-407 which examines the mutual fund fee structure in Canada.  The paper provides an overview of the roles of market participants in the mutual fund industry and the current mutual fund fee structure, identifies investor protection and fairness issues arising from the current fee structure, provides an… Continue Reading