81-106CP - Investment Funds Continuous Disclosure[CP Amendment Proposed - Lapsed]

Concurrently Published:

• BCN 2009/08 - Notice and Request for Comment Implementation of Point of Sale Disclosure for Mutual Funds Proposed Amendments to National Instrument 81-101 Mutual Fund Prospectus Disclosure, Forms 81-101F1 and 81-101F2, Companion Policy 81-101CP and Related Amendments [BCN - Lapsed]

1. Section 10.1 of Companion Policy 81-106CP Investment Funds Continuous Disclosure is amended by repealing subsection (1) and substituting the following:

 “10.1 Calculation of Management Expense Ratio - (1) Part 15 of the Instrument sets out the method to be used by an investment fund to calculate its management expense ratio (MER). The requirements apply in all circumstances in which an investment fund calculates and discloses an MER. This includes disclosure in a sales communication, a prospectus, a fund facts document, an annual information form, financial statements, a management report of fund performance or a report to securityholders.”

2. This Instrument comes into force on ●.