The Canadian Securities Administrators (“CSA”) plan to review whether the current principal distributor model permitted in National Instrument 81-105 Mutual Fund Sales Practices (“NI 81-105”) remains appropriate in light of the Client Focused Reforms.
You are being asked to respond to this survey as the main contact for an investment fund manager (“IFM”) that distributes mutual fund securities through a principal distributor.
The survey results will be used to assess the need for regulatory amendments that may impact regulatory requirements for principal distributors, such as imposing similar regulatory requirements on principal distributors and participating dealers under NI 81-105.
All sensitive information provided through this survey will be kept confidential, subject to requests for disclosure that may be made under the access to information legislation of the CSA jurisdictions. To the extent that any information provided should be treated confidentially, please mark each document or response accordingly. If your principal regulator is Alberta, British Columbia, Ontario, Quebec, or Saskatchewan, the information is clearly identified as confidential and it is requested under access to information legislation, you will be notified and provided with an opportunity to make written submissions with respect to the issue of disclosure.
Information provided will be collected, analyzed, and may be used in policy work including publication of consultations or proposals on an anonymized basis by CSA jurisdictions.
Instructions:
- Click below to access the survey; we ask each IFM to submit their response by October 14th, 2022.
- Please note there is a 5,000-charcter limit per answer as well as a combined 200,000-character limit for all written responses.
- The survey is dynamic and its length will depend on your previous responses, however, it must be completed in one sitting. We therefore, encourage you to consult the sample questions (in English or French) which provides instructions along with a full list of questions and review your answers prior to completing the survey.
- If you have any questions about the survey please contact IFSPDirector@osc.gov.on.ca, fonds_dinvestissement@lautorite.qc.ca or your principal regulator.