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SLGI Asset Management Inc. will stop offering deferred sales charge (DSC) mutual funds and paying trailing commissions to dealers that don’t make suitability determinations months before a nationwide ban on both sales practices takes effect.

The Canadian Securities Administrators are banning DSCs and trailing commissions paid to order execution only (OEO) dealers effective June 1, 2022.

On Wednesday, SLGI announced it would no longer offer DSC and low-load sales charge mutual funds effective Nov. 26. SLGI said it would stop paying trailing commissions to OEO dealers effective March 31, 2022.

Also on Wednesday, SLGI said it was changing the names of five mutual funds to include the names of the funds’ subadvisors. SLGI also announced new risk ratings for four funds, and the elimination of series O shares of nine different funds. For the full details, see SLGI’s release.