Date

Development

Comments

June 13, 2013

Amendments

The amendments require delivery of the Fund Facts document for mutual funds instead of the simplified prospectus to satisfy the prospectus delivery requirements. The Fund Facts is a document written in plain language, no more than two pages double-sided and highlights key information about a mutual fund that research by the CSA has identified as important to investors. The requirement to deliver the Fund Facts to satisfy the prospectus delivery requirements, will take effect June 13, 2014.

June 19, 2014

Amendments

These amendments introduce fundamental investment restrictions and operating requirements for non-redeemable investment funds and enhanced disclosure requirements regarding securities lending by all investment funds in Canada. The amendments come into force on September 22, 2014, and are subject to certain transition periods.

December 8, 2016

Amendments

These amend­ments require fund managers to use a standardized CSA mutual fund risk classification methodology to determine the investment risk level of conventional mutual funds and exchange-traded mutual funds (ETFs) in the Fund Facts and ETF Facts, respectively. Subject to Ministerial approval requirements for rules, the amendments come into force on March 8, 2017.

January 6, 2022

Amend­ments to Reduce Regulatory Burden. See Completed Project

Subject to Ministerial Approval where required, most of these amendments will come into force on January 5, 2022, and the remainder on January 6, 2022. There are exemptions available from some of the requirements to give issuers more time to comply.

Note: The above summary of Recent Developments does not include consequential amendments made as the result of other projects.

For further details on the history of this Instrument, please refer to the OSC’s Web site.