The mutual fund industry has passed the first big hurdle in the disclosure-reform process, but it’s becoming clear that mutual fund firms and financial advisors will face ongoing challenges as they learn to manage the plethora of new disclosure documents. Some third parties are offering services to make their jobs a little easier. View Full […]

Mutual funds aren’t easy to buy. There are thousands of them for sale in Canada, outnumbering the securities listed on the Toronto Stock Exchange. Most Canadians rely on salespeople to choose an appropriate mix of funds and monitor their progress. However, advice may be biased when a salesperson’s compensation depends on the type of mutual […]

As advisors and fund companies adapt to the first phase of securities regulators’ new mutual fund disclosure regime, a website launched this week will help advisors navigate the growing universe of disclosure documents. Technology firm Vault Solutions Inc. has teamed up with document management company Distributech Inc., to launch InvestorPOS.com (http://www.investorpos.com), a new repository for […]

InvestorPOS™ is pleased to announce an agreement with a Schedule I Bank, licensing use of its FF Xpress™ Fund Facts document repository to provide a fully managed solution for the ongoing web hosting of the bank’s Fund Facts documents. FF Xpress™ will now present Fund Facts documents on the banks’ various web sites, thereby eliminating […]

With the February 23, 2011 release of staff notice 81-321 by the Canadian Securities Administrators – EARLY USE OF FUND FACTS TO SATISFY PROSPECTUS DELIVERY REQUIREMENTS, fund companies and dealers are now able to deliver a Fund Fact document with a mutual fund trade confirmation, eliminating the requirement to mail the larger prospectus package. View […]

InvestorPOS™ is pleased to announce that one of Canada’s Schedule I banks has entered into an agreement with InvestorPOS™ to produce “Fund Facts” documents for each of its Guaranteed Investment Funds (GIF) segregated funds products. The Canadian Securities Administrators (CSA) has assigned a January 1, 2011 compliance date for segregated funds manufacturers to produce Fund […]

We, the Canadian Securities Administrators (the CSA or we), are making amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure (the Rule), Forms 81-101F1 Contents of Simplified Prospectus and 81-101F2 Contents of Annual Information Form (the Forms), and Companion Policy 81-101CP Mutual Fund Prospectus Disclosure (the Companion Policy). New Form 81-101F3 Contents of Fund Facts […]

The Canadian Securities Administrators (CSA) today published amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure which among other things, provided a deadline of January 1, 2011 for fund companies to begin making a new document, called the “Fund Facts”, available for investors. Effective January 1, 2011, mutual fund companies will be required to produce […]

The Canadian Securities Administrators (CSA) today released its “Status Report on the Implementation of Point of Sale Disclosure for Mutual Funds” and in it outlined its staged approach to POS implementation. Point of Sale regulation has long been the CSA‟s key initiative for retail investor protection, in which investors would receive important information about a […]