Canadian Securities Regulators Now Require Delivery of the Fund Facts for Mutual Funds
News
The Canadian Securities Administrators (CSA) today announced the final rule for Stage 2 of the mutual fund Point of Sale regulation which will require mutual fund dealers to deliver the Fund Facts document to investors in lieu of the prospectus. According to the CSA press release, dealers will have one year (the deadline is June 13, 2014) to implement any required systems changes, although the CSA is encouraging dealers to adopt Fund Facts delivery as soon as possible.