Amendments to National Instrument 81-101, Mutual Fund Prospectus Disclosure relating to Pre-sale Delivery of the Fund Facts for Mutual Funds [Completed]

Issued: December 11, 2014.

Transitional provisions:

Effective May 30, 2016.

Last updated:

December 2014

Overview

Currently, the Fund Facts must be delivered to investors within two days of buying a mutual fund. Once the new rules come into effect, dealers will instead be required to deliver the Fund Facts prior to accepting a purchase instruction from an investor. The new requirement for pre-sale delivery of the Fund Facts takes effect on May 30, 2016.

Recent activities

December 2014

On December 11, 2014, the CSA issued amendments to National Instrument 81-101, Mutual Fund Prospectus Disclosure, which will require all dealers that sell mutual funds to deliver a Fund Facts before investors make a decision to buy a conventional mutual fund. The Fund Facts is a document written in plain language, is no more than two pages double-sided and highlights key information about a mutual fund that CSA research has identified as important to investors.


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