Point of Sale Disclosure is Coming to Segregated Funds….

We are less than 3 weeks away from the May 30th deadline, where dealers must have a process to deliver Fund Facts prior to accepting trade instructions from investors and the MFDA has indicated that extension of mutual fund regulation principles to insurance (Segregated funds) is in its preliminary stage. This article should definitely have the industry talking about how, when and where dealers will need to prepare for the day when segregated funds are looked at by the regulators in the same light as mutual funds and exchange traded funds.