Recently, a group of prominent executives released an open letter and document known as Commonsense Principles 2.0. Signatories include Mark Machin of the Canada Pension Plan Investment Board and Warren Buffett of Berkshire Hathaway. The purpose of the letter and the principles is to encourage companies to embrace a long-term view and enhance trust
investors
Canadian Securities Administrators Propose New Disclosure Document for ETFs
By Munier Saloojee on
On June 18, 2015, the Canadian Securities Administrators (CSA) published proposed legislative amendments to the disclosure framework for exchange-traded funds (ETFs). If implemented, such amendments will require ETF managers to produce a summary disclosure document called “ETF Facts”. The ETF Facts for an ETF will need to be filed at the…