The Ontario Minister of Finance has released a
regarding proposed CSA amendments to Mutual Fund Sales Practices rules at the same time as the CSA unveiled its proposals. The Ministry of Finance indicates that the government does not agree with the
as currently drafted.
The government has indicated its willingness to work with stakeholders to explore alternatives. FAIR Canada, as a stakeholder representing retail investors, would like to express it willingness to meet with the government and provide input on how the government can address embedded commissions so as to make Ontario's financial services sector more competitive and effective, enable Ontarians to better save for their retirement or other financial goals and strengthen retail investor confidence in our capital markets.
FAIR Canada has provided its comments in response to CSA Consultations on mutual fund fees in
and has participated on publicly held consultations in 2013 and in 2017. For more information about FAIR Canada, visit