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Bulletin #0691-P

For further information, please contact:

Stacey Shein
Senior Legal and Policy Counsel
Policy
For Distribution to Relevant Parties within your Firm

Point of Sale Disclosure for Mutual Funds – Implementation of Requirements for Pre-Sale Delivery of the Fund Facts

On May 30, 2016, amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure (“NI 81-101”), and to its Companion Policy, came into effect requiring the delivery of the most recently filed Fund Facts to a purchaser before a dealer accepts an instruction for the purchase of a mutual fund. There are limited exceptions to these requirements which are subject to the specific conditions set out in NI 81-101.

MFDA Members and Approved Persons are now required to comply with these requirements and must deliver the Fund Facts to a purchaser prior to accepting the instruction for the purchase of a mutual fund (subject to the limited exceptions set out in NI 81-101).

For more information, please refer to NI 81-101 and its Companion Policy:

 

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