Canada:
Fund Facts Amendments Receive Ministerial Approval
07 August 2013
Stikeman Elliott LLP
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Amendments to NI 81-101 Mutual Fund Prospectus Disclosure to
allow for the delivery of Fund Facts to satisfy the requirements to
deliver a prospectus within two days of buying a mutual fund have now received Ministerial approval in
Ontario.
As we've previously discussed, this represents Stage 2 of
the CSA's point of sale disclosure framework. The amendments
will be phased in beginning on September 1, 2013 and will be fully
implemented on June 13, 2014.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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