Securities Organization

This morning AMF staff met with 100 or so representatives of the fund industry and associations of professionals and investors to discuss the examination of mutual fund fees conducted by the Canadian Securities Administrators ("CSA").

The information session took place further to the publication in June 2016 of CSA Staff Notice 81-327 - Next Steps in the CSA's Examination of Mutual Fund Fees, which announced a consultation on the option of discontinuing embedded commissions and transitioning to direct pay arrangements in the fall of 2016.

The purpose of today's meeting was to outline the next steps in the consultation and the main issues that will be covered by the consultation document to be published this fall. AMF representatives also had an opportunity to talk to fund industry participants and answer their questions.