CSA Notice: 81-318 - Request for Comment - Framework 81-406 Point of sale disclosure for mutual funds and segregated funds

Concept Proposal

October 24, 2008

CSA NOTICE 81-318 - REQUEST FOR COMMENT

FRAMEWORK 81-406 POINT OF SALE DISCLOSURE FOR

MUTUAL FUNDS AND SEGREGATED FUNDS

The Joint Forum of Financial Market Regulators (the Joint Forum) released today its Framework 81-406 Point of sale disclosure for mutual funds and segregated funds (the Framework).

The Framework reflects the shared vision for a more meaningful and effective disclosure regime. It does not outline specific requirements. Rather it sets out concepts and principles agreed upon by the Canadian Securities Administrators (the CSA or we) and the Canadian Council of Insurance Regulators (CCIR) as members of the Joint Forum.

The CSA and the CCIR will now begin their respective processes for implementing the Framework and its principles.

Request for comment

The CSA seeks feedback from all stakeholders to inform us on issues related to implementation of the Framework and its principles in advance of our publishing proposed changes to existing securities laws for first comment. We will consider these comments, prepare and publish the proposed changes and then follow our usual rule-making process to seek input from, and work collaboratively with, all stakeholders.

How to provide your comments

Submit your comments in writing by December 23, 2008.

Address your submissions to the regulators listed below:

British Columbia Securities Commission
Alberta Securities Commission
Saskatchewan Financial Services Commission
Manitoba Securities Commission
Ontario Securities Commission
Autorité des marchés financiers
New Brunswick Securities Commission
Nova Scotia Securities Commission
Office of the Attorney General, Prince Edward Island
Financial Services Regulation Division, Consumer and Commercial Affairs Branch, Department of Government Services,
	Newfoundland and Labrador
Registrar of Securities, Government of Yukon
Registrar of Securities, Department of Justice, Government of the Northwest Territories
Registrar of Securities, Legal Registries Division, Department of Justice, Government of Nunavut

Send your comments only to the addresses below. Your comments will be forwarded to the remaining CSA member jurisdictions:

John Stevenson, Secretary

Ontario Securities Commission

20 Queen Street West, Suite 1903, Box 55

Toronto, ON M5H 3S8

Fax: 416-593-2318

e-mail: [email protected]

M^e Anne-Marie Beaudoin

Corporate Secretary

Autorité des marchés financiers

800, square Victoria, 22e étage

C.P. 246, tour de la Bourse

Montréal (Québec) H4Z 1G3

Fax : 514-864-6381

e-mail: [email protected]

If you are sending your comments by fax, mail or hand delivery, please forward a diskette or CD containing your submissions in Word, Windows format.

We cannot keep submissions confidential because securities legislation in certain provinces requires publication of a summary of the written comments received during the comment period. All comments will be posted on the OSC website at www.osc.gov.on.ca.

Questions

Please refer your questions to any of:

Noreen Bent

Manager and Senior Legal Counsel

Legal Services, Corporate Finance

British Columbia Securities Commission

Phone: 604-899-6741

[email protected]

Christopher Birchall

Senior Securities Analyst

Corporate Finance

British Columbia Securities Commission