Fund manager is given until Oct. 1 to terminate funds, offer new ones under exemptions
But the fund must provide alternative discloser outlining cost of investments, among others
Agreement provides clear mechanisms for consultation, co-operation and exchange of information between the two agencies
Most significant proposed amendment deals with take-over bids
The board has followed the general principles set out in NI 81-107
Martial Rolland and Robert Jones failed to report any changes in their control over the securities of an issuer within 10 days of the event
FSCO plans to harmonize point-of-sale disclosure for segregated and mutual funds, among others
Some have raised questions regarding the rule’s application and interpretation
NASAA president reaffirms state investor protection role
Commission also proposes another new amendment to the rule