CSA NOTICE 81-318 - REQUEST FOR COMMENT Framework 81-406 Point of sale disclosure for mutual funds and segregated funds The Joint Forum of Financial Market Regulators (the Joint Forum) released today its Framework 81-406 Point of sale disclosure for mutual funds and segregated funds (the Framework). The Framework reflects the shared vision for a more meaningful and effective disclosure regime. It does not outline specific requirements. Rather it sets out concepts and principles agreed upon by the Canadian Securities Administrators (the CSA or we) and the Canadian Council of Insurance Regulators (CCIR) as members of the Joint Forum. The CSA and the CCIR will now begin their respective processes for implementing the Framework and its principles. Request for comment The CSA seeks feedback from all stakeholders to inform us on issues related to implementation of the Framework and its principles in advance of our publishing proposed changes to existing securities laws for first comment. We will consider these comments, prepare and publish the proposed changes and then follow our usual rule-making process to seek input from, and work collaboratively with, all stakeholders. How to provide your comments Submit your comments in writing by December 23, 2008. Address your submissions to the regulators listed below: British Columbia Securities Commission Alberta Securities Commission Saskatchewan Financial Services Commission Manitoba Securities Commission Ontario Securities Commission Autorité des marchés financiers New Brunswick Securities Commission Nova Scotia Securities Commission Office of the Attorney General, Prince Edward Island Financial Services Regulation Division, Consumer and Commercial Affairs Branch, Department of Government Services, Newfoundland and Labrador Registrar of Securities, Government of Yukon Registrar of Securities, Department of Justice, Government of the Northwest Territories Registrar of Securities, Legal Registries Division, Department of Justice, Government of Nunavut
Send your comments only to the addresses below. Your comments will be forwarded to the remaining CSA member jurisdictions: John Stevenson, Secretary Ontario Securities Commission 20 Queen Street West, Suite 1903, Box 55 Toronto, ON M5H 3S8 Fax: 416-593-2318 e-mail: jstevenson@osc.gov.on.ca M e Anne-Marie Beaudoin Corporate Secretary Autorité des marchés financiers 800, square Victoria, 22 e étage C.P. 246, tour de la Bourse Montréal (Québec) H4Z 1G3 Fax : 514-864-6381 e-mail: consultation-en-cours@lautorite.qc.ca If you are sending your comments by fax, mail or hand delivery, please forward a diskette or CD containing your submissions in Word, Windows format. We cannot keep submissions confidential because securities legislation in certain provinces requires publication of a summary of the written comments received during the comment period. All comments will be posted on the OSC website at www.osc.gov.on.ca. Questions Please refer your questions to any of: Noreen Bent Manager and Senior Legal Counsel Legal Services, Corporate Finance British Columbia Securities Commission Phone: 604-899-6741 nbent@bcsc.bc.ca Christopher Birchall Senior Securities Analyst Corporate Finance British Columbia Securities Commission Phone: 604-899-6722 cbirchall@bcsc.bc.ca Bob Bouchard Director and Chief Administration Officer 2
Manitoba Securities Commission Phone: 204-945-2555 Bob.bouchard@gov.mb.ca Rhonda Goldberg Manager, Investment Funds Branch Ontario Securities Commission Phone: 416-593-3682 rgoldberg@osc.gov.on.ca Ian Kerr Senior Legal Counsel, Corporate Finance Alberta Securities Commission Phone: 403-297-4225 Ian.Kerr@asc.ca Éric Lapierre Manager, Investment Funds Autorité des marchés financiers Phone: 514-395-0337 ext. 4471 eric.lapierre@lautorite.qc.ca Stephen Paglia Legal Counsel, Investment Funds Branch Ontario Securities Commission Phone: 416-593-2393 spaglia@osc.gov.on.ca Eric Stevenson Manager, Distribution Practices Autorité des marchés financiers Phone: 418-525-0337 ext. 4811 eric.stevenson@lautorite.qc.ca October 24, 2008 3
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