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The Voice of Canada’s Investment Funds Industry

Performance Reporting & Cost Disclosure

The mutual funds industry believes that providing investors with reader-friendly, comprehensive reporting and disclosure are fundamental to the development of better-informed investors. Working together, Canada’s regulators and mutual funds industry are in the process of implementing major changes to the reports that investors receive.

As of 2016, investors will know, in dollar amounts, all of the costs associated with each of their accounts. On the performance side, they’ll see how well their investment has performed in dollar terms since they started to invest and their percentage rate of return over several time periods.

IFIC has provided significant input to the industry’s regulators throughout the rule making process. There will be a substantial amount of work required to implement these improvements. IFIC through its member committees is actively engaged in analyzing the requirements, obtaining clarifications from regulators where necessary and helping to inform members on what will be needed to fulfil their obligations under these new requirements.



Documents

2012
Submission - CSA - Proposed Amendments to NI 31-103 - Cost Disclosure and Performance Reporting (August 29 2012)

2011
CSA Notice RFC31-103 CRM2 (June 15, 2011)

CSA Proposed Amendments to NI 31-103 CRM2 Appendix A (June 15, 2011)

CSA Proposed Amendments to NI 31-103 CRM2 Research AllenResearch Appendix B (June 15, 2011)

2010
Submission to CSA - Proposed Amendments to NI 31-103 (October 1 2010)

Submission to OSC - OSC Statement of Priorities for Fiscal Year Ending March 31, 2011 (February 15, 2010)

2009
Submission to MFDA - CRM and Suitability - 07 2009

Submission to IIROC - Client Relationship Model (CRM) - 07 2009

2008
IFIC Submission - Additional Comments on MFDA Proposed Amendments to Policy No. 2 - November 28, 2008

Submission to IDA and OSC: Proposed IDA Rules to Implement the Client Relationship Model - 05 2008


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