(April 4 – 13:25 ET) – The Investment Funds Institute of Canada has issued its first update to the Practical Guide to Compliance for Retail Distributors.

The update covers new interpretations and changes to the national sales practices rule and the new bankruptcy laws. It also updates the sections on risk management, the function and application of compliance, and current multi-jurisdictional information. The update has been mailed out to current subscribers.

A second update is slated for publication soon which will incorporate new information about the development of the Bureau des services financiers in Quebec and the new national instruments for mutual funds covering prospectus disclosure and other operational issues.
-IE Staff