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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

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)

IFIC Submission – Ontario Standing Committee on Finance and Economic Affairs – Pre-Budget Consultation (January 30, 2015)
(January 30, 2015)

IFIC Submission - Senate Committee on Legal and Constitutional Affairs - Bill C-377 (January 19, 2015)
(January 19, 2015)

Collective Investment Vehicle Associations Submission – OECD – Treaty Relief And Compliance Enhancement (TRACE) Implementation Package (January 13, 2015)
(January 13, 2015)

Ontario Ministry of Finance Comfort Letter regarding the Ontario Surtax

Relief for Mutual Fund Trusts Residing in Ontario

(December 11, 2014)

IFIC Submission - Cooperative Capital Markets Regulatory System - Draft Legislation (December 8, 2014)
(December 8, 2014)

IFIC Submission – IIROC – Conforming Rule Amendments for NI 31-103 (November 17, 2014)
(November 17, 2014)

IFIC Letter to Finance (A. MacLean) on Amendments to Loss Restriction Event Rules in Bill C-43 (October 31, 2014)
(October 31, 2014)

IFIC Opening Statement to the Standing Committee on Finance (October 21, 2014)
(October 21, 2014)

IFIC Pollara Investor Survey (October 2014)

Annual survey of mutual fund investors

(October 6, 2014)

Boosting Retirement Readiness and the Economy through Financial Advice - Conference Board of Canada (September 22, 2014)

Research report on the economic impact of a potential increase use of financial advice

(September 22, 2014)