(A) A balance sheet of a mutual fund shall present fairly the financial position of the mutual fund as at the date to which it is made up and show separately, at least

(a) cash, term deposits and, if not included in the statement of investment portfolio, short term debt instruments,

(b) dividends and accrued interest receivable,

(c) accounts receivable in respect of shares or units sold,

(d) accounts receivable in respect of portfolio securities sold,

(e) every other class of asset that is 5% or more of total assets,

(f) other assets,

(g) the investments at market value with a notation of their cost,

(h) total assets,

(i) accrued expenses,

(j) liabilities in respect of portfolio securities purchased,

(k) liabilities in respect of shares or units redeemed,

(l) income tax payable,

(m) every other class of liability that is 5% or more of total liabilities,

(n) other liabilities,

(o) total liabilities,

(p) total net assets and shareholders' or unit holders' equity, and

(q) the net asset value for each share or unit.

(B) The notes to a balance sheet of a mutual fund shall include:

(a) where the basis of computing the cost of investments is other than average cost, a statement of the basis of computing the cost,

(b) where a mutual fund has outstanding more than one class of shares or units ranking equally against its net assets but differing in other respects, a statement of the differences between the classes, the number of shares or units in each class and the number of shares or units in each class that have been issued and are outstanding, and

(c) the composition of other assets and other liabilities.

(C) Where a specified class of assets or liabilities is less than 5% of the total liabilities, respectively, it may be omitted from the balance sheet as a specified item if it is included in "other assets" or "other liabilities", as the case may be, with an appropriate explanation made by note.

(D) In this item "other assets" and "other liabilities" means the sum of those classes of assets or liabilities, as the case may be, that individually do not exceed 5% of the total assets or total liabilities, respectively, of the mutual fund at the date reported on.

(A) A statement of investment portfolio of a mutual fund shall present fairly as at the date to which it is made up

(a) the name of each issuer of securities held,

(b) the class of designation of each security held,

(c) the number or aggregate face value of each class or designation of securities held,

(d) the market value of each class or designation of securities held, and

(e) the cost of each class or designation of securities held where the basis of computing cost is other than average cost, a statement of the basis of computing the cost.

(B) Subject to Item 4, paragraph (A) applies to all short term debt instruments held pending the investment of funds.

(C) Information respecting securities with an aggregate market value of less than 5% of the total net assets may be omitted from a statement of investment portfolio under paragraph (A) (d) or (e), as the case may be, if that information is included in the statement as "miscellaneous securities" and the information required by paragraph (A) (d) (and) (e) is given for the "miscellaneous securities" in the aggregate.

(A) A statement of portfolio transactions of a mutual fund shall present fairly for the period covered by the statement

(a) the name of each issuer of every security purchased or sold,

(b) the class or designation of every security purchased or sold,

(c) the number of aggregate face value, by issuer, of securities of each class or designation purchased and the total cost of purchasing securities of each such class or designation, and

(d) the number of aggregate face value, by issuer, of securities of each class or designation sold and the consideration for selling securities of each such class or designation.

(B) Subject to Item 4, paragraph (A) applies to all short term debt instruments held pending the investment of funds.

(C) A mutual fund shall, in every statement of portfolio transactions, separate debt securities from securities other than debt securities, and shall provide a total for each group.

(D) Where information on securities is omitted from a statement of investment portfolio of a mutual fund under Item 2(C), information required by this item for those securities may be omitted from the statement of portfolio transactions.

(A) Subject to paragraph (B), a statement of changes in net assets of a mutual fund shall present fairly the information shown for the period covered by it and show separately, at least

(a) net assets at the beginning of the period,

(b) net investment income or loss,

(c) aggregate proceeds on sale of portfolio securities,

(d) the aggregate cost of portfolio securities owned at the beginning of the period,

(e) aggregate cost of purchases of portfolio securities,

(f) aggregate cost of portfolio securities owned at the end of the period,

(g) aggregate cost of portfolio securities sold,

(h) realized profit or loss on portfolio securities sold,

(i) distributions, showing separately the amount out of net investment income and out of realized profits on portfolio securities sold,

(j) proceeds from securities issued,

(k) payments for securities redeemed,

(l) net increase or decrease in unrealized appreciation or depreciation of portfolio securities,

(m) net assets at the end of the period,

(n) net asset value for each share or unit at the end of the period and at the end of each of the 4 immediately preceding periods,

(o) distribution per share or unit out of net investment income, and

(p) distribution per share or unit out of realized profits on portfolio securities sold.

(B) Items of the nature described in paragraph (A) (c) to (g) and (n) to (q) may be shown by way of a note or schedule to the statement of changes in net assets.

(a) dividend revenue,

(b) interest revenue,

(c) every other item of revenue that is 5% or more of the total revenue,

(d) other revenue,

(e) the total management fees paid by the mutual fund for portfolio management, investment advice and other services,

(f) audit fees,

(g) directors' fees,

(h) custodian's fees,

(i) legal fees,

(j) salaries where the total amount of salaries is 5% or more of the total expenses,

(k) shareholders' or unit holders' information costs, where the total amount of those costs is 5% or more of the total expenses,

(l) every other item of expense that is 5% or more of the total expense,

(m) other expenses,

(n) income before taxes,

(o) provision for income tax,

(p) extraordinary gains, extraordinary losses and provision for extraordinary losses,

(q) net income,

(r) net income for each share or unit, based on the average number of shares or units outstanding during the period, and

(s) net income for each share or unit for the immediately preceding period, based on the average number of shares or units outstanding during that period.

(C) The notes to an income statement of a mutual fund shall include

(a) the composition of other revenue referred to in paragraph (B) (d),

(b) the basis for calculating the management fees referred to in paragraph (B) (e), and

(c) the composition of other expenses referred to in paragraph (B) (m).

(D) Unless otherwise disclosed in the material of which the income statement forms a part or which it accompanies, the notes to an income statement shall also include

(a) a description of the services received in consideration of the management fees referred to in paragraph (B) (e),

(b) a description of the services provided to the mutual fund by those to whom salaries were paid,

(c) where the mutual fund has a "mutual fund manager" and salaries of that manager's employees are allocated to the mutual fund, the basis of and reasons for that allocation,

(d) the basis of the tax calculations and an explanation of the tax position of the mutual fund, and

(e) where an unusual change in expenses from period to period is not adequately explained by changes in total assets of the mutual fund, a description and explanation of the unusual change.

(E) Where a specified class of revenue or expense is less than 5% of the total revenue or total expenses, respectively, it may be omitted from the balance sheet as a specified item if it is included in "other revenue" or "other expenses", as the case may be, with an appropriate explanation made by note.