The Canadian Securities Administrators “particularly seek feedback from investors” to their latest notice about Point of Sale disclosure for mutual funds.
This 10-year quest to implement a simple two-page funds facts to be given to investors when they purchase mutual funds is nearing its conclusion. The first 8 pages of the 161-page document contain the summary.
Submissions are due by October 17, 2009.
Note that in the last round there were 46 submissions: 44 from the financial services industry and two from investor advocates.
FAIR Canada supports this initiative as long as adequate safeguards are maintained. See our response to the last call for comments here.
