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The Voice of Canada’s Investment Funds Industry

Policy and Advocacy

Policy and Advocacy

 

As the voice of Canada’s investment funds industry, IFIC’s principal role is to advocate on behalf of its members and their investors. We review and analyze public policy issues, including federal and provincial legislation and regulatory and self-regulatory initiatives and develop and communicate approaches that advance our mission – to foster a strong, stable investment sector where investors can realize their financial goals.

IFIC files many submissions to policymakers and other stakeholders. We also commission reports from independent third-party think tanks and analysts on topical issues, source and share independently- produced research from around the world and provide public commentary. Our Policy and Advocacy pages provide access to all of the documents we have available on a subject by subject basis.

 

Featured Documents

Advisor Insights – CRM2 Myths and Facts

This fact sheet focuses on frequent factual errors observed in media coverage about the timing and content of CRM2 reporting requirements. It has been prepared to provide advisors with accurate information about key aspects of CRM2. The same information has been provided to journalists in an effort to improve the accuracy of media coverage.

(July 22, 2015)

Voluntary Guidelines for Fund Managers Regarding Fund Volatility Risk Classification - July 2015
(July 17, 2015)

Backgrounder: CRM2 Myths and Facts
(July 6, 2015)

Investment Funds Industry Coalition Letter – India Department of Revenue – Application of Minimum Alternate Tax (June 22, 2015)

Joint letter from 15 investment funds industry associations worldwide urging that India's minimum alternate tax not apply to foreign institutional investors

(June 30, 2015)

Investment Funds Industry Coalition Letter – FSB and IOSCO – Second Proposed Framework for Designating G-SIFIs (June 26, 2015)

Joint Letter from 23 investment funds industry associations worldwide commenting on the second proposed framework from FSB and IOSCO for designating non-bank non-insurer entitites as global systemically important financial institutions

(June 26, 2015)

2015 Update - Monitoring Trends in Mutual Fund Cost of Ownership and Expense Ratios - A Canada - U.S. Perspective

May 2015 Update to the 2012 study by Investor Economics and Strategic Insight

(June 9, 2015)

IFIC Submission – Financial Services Commission of Ontario – 2015-16 Statement of Priorities (June 8, 2015)
(June 8, 2015)

IFIC Submission - Ontario Ministry of Finance - FSCO Mandate Review (June 5, 2015)
(June 5, 2015)

IFIC Submission – Ontario Securities Commission – 2015-16 Statement of Priorities (June 1, 2015)
(June 1, 2015)

Achieving a Consistent Investor-Focussed Approach

J De Laurentiis speech to The Strategy Institute (April 22, 2015)

(April 22, 2015)

Mapping Fees into the Model Report on Charges and Compensation (April 16, 2015)

This document maps FundSERV Standards Files with lines on IFIC’s Model Report on Charges and Compensation so that all dealers can consistently record their costs in their charges and compensation reports.

(April 16, 2015)

IFIC Submission – U.S. Senate Finance Committee – Reforming the U.S. Tax Code (April 15, 2015)

IFIC comments on Passive Foreign Investment Corporations rules and territorial taxation

(April 15, 2015)

Guide to Using IFIC’s CRM2 Model Reports (April 14, 2015)

This guide will help dealers effectively adopt the model reports developed by the industry to meet the 2016 requirements of CRM2. Links to the model reports appear below.

(April 14, 2015)

Model Report on Investment Performance: CRM2 – 2016 Requirement (April 13, 2015)

The raw template prepared by the regulators has been enhanced with simplified language, and easy-to-follow layouts to improve investor understanding. Dealers can meet the requirements of CRM2 by providing separate reports or by integrating the information into their quarterly account statements once per year. The Model Report on Investment Performance was reviewed by staff at the Mutual Fund Dealers Association and their comments were incorporated. See the guide (above) for tips to adopt the model report effectively.

(April 10, 2015)

Model Report on Charges and Compensation: CRM2 - 2016 Requirement (April 13, 2015)

The raw template prepared by the regulators has been enhanced with simplified language and easy-to-follow layouts to improve investor understanding. Dealers can meet the requirements of CRM2 by providing separate reports or by integrating the information into their quarterly account statements once per year. The Model Report on Charges and Compensation was reviewed by staff at the Mutual Fund Dealers Association and their comments were incorporated. See the guide (above) for tips to adopt the model report effectively.

(April 10, 2015)

IFIC Submission - Standing Committee on Social Policy - Ontario Retirement Pension Plan (March 31, 2015)
(March 31, 2015)

IFIC Submission - FSOC - Request for Comments on Asset Management Products and Activities (March 25, 2015)
(March 25, 2015)

IFIC Submission - Department of Finance - Alternative Minimum Tax and Unit Trusts (March 13, 2015)
(March 13, 2015)

IFIC Submission - Ontario Retirement Pension Plan - Key Design Questions (February 13, 2015)
(February 13, 2015)

IFIC Submission - Ministry of Finance - 2015 Ontario Budget (February 12, 2015)
(February 12, 2015)