Distribution of disclosure documents for ETFs begins in December
The new documents share many similarities to Fund Facts for mutual funds, but contain information specific to ETFs as they’re traded on exchanges
The new requirements for Fund Facts and the newly announced ETF Facts would come into effect in March and will be required as of September
Some insurance products and ETFs are in regulators’ sights
The recommendation for both mutual funds and ETFs largely follows the approach that’s already widely in use
Many of the concerns relate to differences in how mutual funds and ETFs are traded and priced
Mutual fund rules are coming to exchange-traded funds
In part three of this three-part series, Rebecca Cowdery, partner with Borden Ladner Gervais LLP in Toronto, explains proposed amendments that would require exchange-traded funds (ETFs) to provide investors with a summary disclosure document called “ETF Facts”.
ETF Facts would be similar to the Fund Facts document that must be provided to clients who purchase mutual funds