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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

Continuing Education Module on CRM2 Requirements

This online course, available free of charge, is offered by IFSE Institute (the educational arm of IFIC) to teach financial advisors about disclosure requirements and advisor obligations under CRM2. The course is designed for investment dealers, mutual fund dealers, exempt market dealers and their representatives.

(May 25, 2016)

Understanding the Common Reporting Standard (CRS) for the global automatic exchange of financial account information
(May 13, 2016)

IFIC Submission – Ontario Securities Commission – 2016-17 Statement of Priorities (May 9, 2016)
(May 9, 2016)

Implementing the Final Phase of CRM2

Presentation by Michael Stanley (President & CEO, Quadrus Investment Services Ltd. and Chair of IFIC’s CRM2 Communications Task Force) to The Strategy Institute

(April 27, 2016)

Infographic: Reach Your Financial Goals

Building long-term wealth is simpler than you may think. Investing in mutual funds and working with an advisor can help you reach your financial goals

(April 19, 2016)

Investment Fund IFRS Toolkit (April 2016)
(April 14, 2016)

Advisor Insights: Will Rules in Other Countries Lead to New Regulations in Canada?

Securities regulators in Canada and internationally have increased their focus in recent years on regulatory reforms aimed at improving investor protection and enhancing the investor experience. This issue of Advisor Insights looks at one area under regulatory review: advisor compensation.

(March 30, 2016)

IFIC Submission – House of Commons Standing Committee on Finance – 2016 Budget Consultation (February 19, 2016)
(March 22, 2016)

IFIC Submission – Independent Evaluator – Evaluation of OBSI (March 11, 2016)
(March 11, 2016)

IFIC Submission – Canadian Securities Administrators – Fund Risk Classification Methodology (March 9, 2016)
(March 9, 2016)

Media Backgrounder - Research on Factors that Drive Mutual Fund Flows
(February 26, 2016)

Pre-Sale Delivery of Fund Facts – Plain Language Description for Investors

This document is a Word version of the plain language content developed by the MFDA and IFIC for a statement insert (see below) to inform investors about the requirement (as of May 30, 2016) for dealers to deliver Fund Facts to clients before the purchase of a mutual fund. Firms are welcome to use this content in their communications with investors.

(February 26, 2016)

Pre-Sale Delivery of Fund Facts

IFIC and the Mutual Funds Dealers Association (MFDA) have collaborated to produce a statement insert to help the mutual funds industry inform investors about the upcoming requirement for dealers to deliver Fund Facts to clients before they purchase a mutual fund.

(February 25, 2016)

Statement Insert Notifying Investors about Pre-Sale Delivery of Fund Facts

IFIC encourages dealers to include the insert with their clients’ quarterly statements or to provide it to investors in some other way. Managers can participate by sending it with trade confirmations and posting it online. A version with crop-marks is available for dealers, managers or their suppliers to download and print. For more information, refer to the document Pre-Sale Delivery of Fund Facts.

(February 25, 2016)

Statement Insert Notifying Investors about Pre-Sale Delivery of Fund Facts – For External Printing

IFIC encourages dealers to include the insert with their clients’ quarterly statements or to provide it to investors in some other way. Managers can participate by sending it with trade confirmations and posting it online. IFIC would be interested in knowing which firms decide to pursue this initiative and the quantities that are distributed. For more information, refer to the document Pre-Sale Delivery of Fund Facts.

(February 25, 2016)

Globe and Mail Investment Funds Supplement (February 11, 2016)
(February 19, 2016)

IFIC Submission - Finance Canada - Qualified Investments (February 12, 2016)
(February 12, 2016)

CRM2 Spotlight: Considerations for Dealers

This bulletin outlines direction provided by the Canadian Securities Administrators (CSA) and the Mutual Fund Dealers Association (MFDA ) to assist dealers in meeting various requirements of CRM2. It focuses on three areas: the application of CRM2 to investments that are not securities, such as segregated fund contracts, annuities and GICs; transfer payments from affiliates; and referral fees.

(January 8, 2016)

Investor Economics - Analysis of Factors Influencing Fund Flows - September 2015
(December 4, 2015)

Dealer Checklist: CRM2 – 2015 Requirements (updated November 2015)

Outlines new information that dealers must include on clients’ account statements as of December 31, 2015, and provides insights and practical information to help dealers meet these requirement.

(November 27, 2015)