Notice of Request for Comments: Concept Proposal - 81-406 - Point of Sale Disclosure for Mutual Funds and Segregated Funds

NOTICE OF REQUEST FOR COMMENTS

JOINT FORUM OF FINANCIAL MARKET REGULATORS

PROPOSED FRAMEWORK 81-406

POINT OF SALE DISCLOSURE

FOR

MUTUAL FUNDS AND SEGREGATED FUNDS

Today, the Joint Forum of Financial Market Regulators (Joint Forum) released for public comment a proposed framework (Framework) for point of sale disclosure for mutual funds and segregated funds. The Framework is published in today's supplement to the Bulletin.

A key element of the Framework is a new two-page document called "Fund Facts" which highlights critical information for investors, including performance, risk and cost. This information will be provided to investors when they need it most -- before they make their decision to buy a fund.

Copies of the Framework are available from the websites of:

• the Joint Forum (www.jointforum.ca),

• the Canadian Securities Administrators (www.csa-acvm.ca)

• the Canadian Council of Insurance Regulators (www.ccir-ccrra.org)

• the Ontario Securities Commission (www.osc.gov.on.ca)

• the Financial Services Commission of Ontario (www.fsco.gov.on.ca)

The Joint Forum encourages all interested parties to review and comment on the Framework. Comments will be accepted until October 15, 2007 and should be sent to:

The Joint Forum consists of representatives from the Canadian Association of Pension Supervisory Authorities (CAPSA), the Canadian Council of Insurance Regulators (CCIR) and the Canadian Securities Administrators (CSA). The goal of the Joint Forum is to continuously improve the financial services regulatory system through greater harmonization, simplification and co-ordination of regulatory activities.