CSA Notice: 81-318 - Request for Comment - Framework 81-406 Point of sale disclosure for mutual funds and segregated funds
CSA Notice: 81-318 - Request for Comment - Framework 81-406 Point of sale disclosure for mutual funds and segregated funds
CSA NOTICE 81-318 - REQUEST FOR COMMENT
FRAMEWORK 81-406 POINT OF SALE DISCLOSURE FOR
MUTUAL FUNDS AND SEGREGATED FUNDS
The Joint Forum of Financial Market Regulators (the Joint Forum) released today its Framework 81-406 Point of sale disclosure for mutual funds and segregated funds (the Framework).
The Framework reflects the shared vision for a more meaningful and effective disclosure regime. It does not outline specific requirements. Rather it sets out concepts and principles agreed upon by the Canadian Securities Administrators (the CSA or we) and the Canadian Council of Insurance Regulators (CCIR) as members of the Joint Forum.
The CSA and the CCIR will now begin their respective processes for implementing the Framework and its principles.
Request for comment
The CSA seeks feedback from all stakeholders to inform us on issues related to implementation of the Framework and its principles in advance of our publishing proposed changes to existing securities laws for first comment. We will consider these comments, prepare and publish the proposed changes and then follow our usual rule-making process to seek input from, and work collaboratively with, all stakeholders.
How to provide your comments
Submit your comments in writing by December 23, 2008.
Address your submissions to the regulators listed below:
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British Columbia Securities Commission
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Alberta Securities Commission
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Saskatchewan Financial Services Commission
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Manitoba Securities Commission
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Ontario Securities Commission
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Autorité des marchés financiers
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New Brunswick Securities Commission
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Nova Scotia Securities Commission
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Office of the Attorney General, Prince Edward Island
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Financial Services Regulation Division, Consumer and Commercial Affairs Branch, Department of Government Services,
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Newfoundland and Labrador
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Registrar of Securities, Government of Yukon
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Registrar of Securities, Department of Justice, Government of the Northwest Territories
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Registrar of Securities, Legal Registries Division, Department of Justice, Government of Nunavut
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Send your comments only to the addresses below. Your comments will be forwarded to the remaining CSA member jurisdictions:
If you are sending your comments by fax, mail or hand delivery, please forward a diskette or CD containing your submissions in Word, Windows format.
We cannot keep submissions confidential because securities legislation in certain provinces requires publication of a summary of the written comments received during the comment period. All comments will be posted on the OSC website at www.osc.gov.on.ca.
Questions
Please refer your questions to any of:
October 24, 2008