OSC Seeks Participants to Provide Input on the CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees

TORONTO – The Ontario Securities Commission (OSC) announced today that it will hold a roundtable to further explore and discuss the issues identified in CSA Discussion Paper and Request for Comment 81-407 Mutual Fund Fees. Other jurisdictions of the Canadian Securities Administrators (CSA) may hold similar consultations.

The OSC roundtable will take place Friday, June 7, 2013 on the 22^nd floor of the Commission’s offices, located at 20 Queen Street West, Toronto, Ontario.

OSC staff will organize a stakeholder panel featuring investors, various segments of the mutual fund industry and other financial industry stakeholders.

Interested parties wishing to participate in the OSC roundtable are asked to first submit written comments on the Discussion Paper by April 12, 2013 to the addresses outlined in the Paper and then contact Chantal Mainville at [email protected] to indicate interest in participating.

Based on the list of interested parties, OSC staff will contact specific participants to act as panellists and to speak to specific points raised in their submissions. Panellists will be selected in such a way as to reflect the diversity of views on the subject in order to present a balanced debate. The OSC expects to issue a notice by May 17, 2013 with additional details, including the final agenda and list of panellists.

Published on December 13, 2012, the purpose of the CSA Discussion Paper is to examine the current mutual fund fee structure in Canada and begin discussions with investors, mutual fund industry participants and other financial industry stakeholders, in order to determine whether any regulatory responses are needed to enhance investor protection and foster confidence in our markets.

The CSA indicated intentions to convene a roundtable in the Discussion Paper, to further explore the topic and comment letters received, in order to inform the CSA’s next steps.

 

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