NIN 2000/07 - Management Expense Ratio Calculations for Mutual Funds [NIN - Rescinded]
| Published Date: | 2000-02-04 |
|---|---|
| Effective Date: | 2000-02-03 |
Effective February 1, 2000, the Commission issued Blanket Order 81-501 (BC) which provides relief to mutual funds from the management expense ratio calculations required by National Instrument 81-102 Mutual Funds (“NI 81-102”).
The Commission adopted NI 81-102 effective February 1, 2000.1
1 See NIN#2000/2.
At the same time, the Commission published proposed amendments to NI 81-102 that relate to issues arising from changes to the method of calculating the management expense ratio by mutual funds and to other matters.2
2 See NIN#2000/4.
The proposed amendments would provide an exemption for mutual funds from certain of the management expense ratio calculation provisions of NI 81-102 for financial periods ending before February 1, 2000, provided that the management expense ratio were calculated in accordance with legislation in force on January 31, 2000.
In order to permit the mutual fund industry to provide this required information with minimal disruption, the Commission issued BOR 81-501 to provide relief to mutual funds on the basis proposed in the amendments published with NIN#2000/4.
DATED at Vancouver, British Columbia, on February 3, 2000.
Douglas M. Hyndman
Chair
Ref: NIN#2000/2 BOR 81-501 (BC)
NIN#2000/4 NI 81-102
This NIN refers to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the Policy Documents database.