81-105 - Mutual Fund Sales Practices [NI - Rescinded]
Published Date: | 2009-09-25 |
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Effective Date: | 2009-09-28 |
Rescinded Date: | 2014-09-22 |
Document(s): |
Concurrently Published:
- 81-105CP - Mutual Fund Sales Practices [CP - Rescinded]
- BCN 2009/15 - Adoption of National Instrument 31-103 Registration Requirements and Exemptions, Companion Policy 31-103CP Registration Requirements and Exemptions, BC Interpretation Note 33-706, BC Instrument 33-517 Registration and Prospectus exemption for persons registered under the Mortgage Brokers Act, and consequential amendments to national and local instruments [BCN - Lapsed]
Table of Contents
PART TITLE
PART 1 DEFINITIONS, INTERPRETATION AND APPLICATION
1.1 Definitions
1.2 Interpretation
1.3 Application
PART 2 GENERAL
2.1 Restrictions on Payments or Provision of Benefits
2.2 Restrictions on Solicitation and Acceptance of Payments or Benefits
2.3 Application of Instrument to Some Participating Dealers or Representatives
PART 3 PERMITTED COMPENSATION
3.1 Commissions
3.2 Trailing Commissions
PART 4 INTERNAL DEALER INCENTIVE PRACTICES
4.1 Participating Dealers' Practices
4.2 Principal Distributors' Practices
PART 5 MARKETING AND EDUCATIONAL PRACTICES
5.1 Cooperative Marketing Practices
5.2 Mutual Fund Sponsored Conferences
5.3 Third Party Sponsored Educational Events
5.4 Industry Association Sponsored Events
5.5 Participating Dealer Sponsored Events
5.6 Promotional Items and Business Promotion Activities
PART 6 PORTFOLIO TRANSACTIONS
6.1 Reciprocal Commissions and Portfolio Transactions
6.2 Obligations of Participating Dealers Executing Portfolio Transactions
PART 7 OTHER SALES PRACTICES
7.1 Commission Rebates
7.2 Financial Assistance
7.3 Charitable Donations
7.4 Tied Selling
PART 8 PROSPECTUS AND POINT OF SALE DISCLOSURE
8.1 Disclosure of Sales Practices
8.2 Disclosure of Equity Interests
8.3 Disclosure Requirements If No Prospectus or Simplified Prospectus
PART 9 EXEMPTION
9.1 Exemption
PART 10 TRANSITIONAL