On June 21st the Canadian Securities Administrators (CSA) released for comment their proposed amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure for the Implementation of Stage 2 of Point of Sale Disclosure for Mutual Funds, outlining enhancements to the Fund Facts document and details surrounding the delivery of the document to investors. The CSA has requested a short 6-month transition period for both asset managers and mutual fund dealers to make the document and delivery systems changes, suggesting that in 2013 dealers will start delivering Fund Facts documents to investors after a mutual fund purchase.

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