CSA – Proposed Amendments to the Principal Distributor Model

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CSA – Proposed Amendments to the Principal Distributor Model

Letter Summary:

The Canadian Securities Administrators (CSA) has published for comment proposed amendments to the principal distributor model in the distribution of mutual funds. The proposed amendments clarify that a principal distributor may only act for mutual funds in the same mutual fund family and require disclosure of principal distributor arrangements and compensation to investors purchasing mutual fund securities distributed by principal distributors.

Overview of the Council’s Comments: