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Bulletin #0564-P

Policy
Implementation of Cost Disclosure, Performance Reporting and Client Statement Amendments to NI 31-103

Contact: Aamir Mirza
BULLETIN #0564– P
Senior Legal & Policy Counsel
April 3, 2013
Phone: 416-945-5128
E-mail: amirza@mfda.ca

MFDA Bulletin

Policy

For Distribution to Relevant Parties within your Firm

Implementation of Cost Disclosure, Performance Reporting and Client
Statement Amendments to NI 31-103

On March 28, 2013, the Canadian Securities Administrators (“CSA”) published a Notice
advising of the implementation of cost disclosure, performance reporting and client statement
amendments to National Instrument 31-103 Registration Requirements, Exemptions and
Ongoing Registrant Obligations
(“NI 31-103”) and the Companion Policy to the Instrument.

The amendments will come into force on July 15, 2013. Transition periods of one, two or three
years have been provided for most of the new requirements. A summary of the transition periods
is included in Annex A to the CSA Notice.

To view the Notice and the text of the amendments, please go to:

http://www.osc.gov.on.ca/documents/en/Securities-Category3/csa_20130328_31-103_notice-
amendments.pdf

DM#334472