OSC The Investment Funds Practitioner Table of Contents

Transcription

1 OSC The Investment Funds Practitioner Table of Contents 1. Announcements 2. Applications for Relief 3. Continuous Disclosure 4. Fund Facts 5. Independent Review Committee 6. Marketing Practices 7. Process Matters 8. Prospectuses 9. Public Inquiries 10. Recent Decisions 11. Reports 12. Structured Products As of JUNE 2017

2 1. ANNOUNCEMENTS Adoption of a T+2 Settlement Cycle for Conventional Mutual Funds. June 2017 Branch Name Change... July 2014 Changes in Investment Funds and Structured Products Management Responsibilities.. June 2017 Project RID June 2017 Stakeholder Outreach... Sept Topical Reference Guide to the Practitioner... July APPLICATIONS FOR RELIEF Approval to Act as Trustee under LTCA... Nov Asset Backed Commercial Paper (ABCP) Relief... Nov Cleared Swaps Relief... Dec Commingling Relief... Apr Confidentiality Requests... Dec Disclosing Tax Consequences of Fundamental Changes... Sept Fund on Fund Relief Financial Statement Filing and Delivery Relief for Pooled Fund on Fund... Dec Fund on Fund Relief and Conflicts Provisions... Jan Pooled Fund on Fund Relief... Dec Scope of Future-Oriented Relief for Pooled Fund on Fund Relief... July 2015 Update on Pooled Fund-on-Fund Relief.. June 2017 IRCs for Investment Funds Conflicts Provisions... Jan Inter-fund Trades at Last Sale Price... Sept Inter-Fund Trades and Reorganizations... Sept Inter-Fund Trades with Pooled Funds and Managed Accounts.... Sept Inter-Fund Trades with Pooled Funds, IRC Notification Requirements.... July 2015 Purchases of Related Party Debt on the Secondary Market... Sept Non-Redeemable Funds and Purchases of Related Party Mortgages... Sept Sub-adviser Conflicts of Interest... Dec. 2011,... Nov Sunsetted or Terminated Relief Orders... Nov as of June 2017

3 Managed Accounts Inter-Fund Trades with Pooled Funds and Managed Accounts.... Sept Secondary Managed Accounts and Pooled Funds... Nov. 2007,... Dec. 2011,... Nov Margin Deposit Relief... May 2013 Mergers and Reorganizations Disclosing Tax Consequences... Sept Inter-Fund Trades and Reorganizations... Sept Merger Costs... Apr Mergers and Reorganizations... Jan Performance Fees and Mutual Fund Reorganizations... Mar Representations in Merger Approval Decisions... July 2014 NAV Calculation Relief... May 2011 Notice-and-Access Procedures for Securityholder Meetings Relief... Dec Past Performance Data... Nov Pre-Authorized Purchase Plans and Prospectus Delivery Relief... Mar Prospectus Delivery Relief Automatic Switching Programs with Fee Reductions... Dec Pre-Authorized Purchase Plans... Mar Split Shares Relief from s May 2011 Secondary Offerings... May CONTINUOUS DISCLOSURE (CD) Accessibility of CD Documents on Websites... May 2013 Advertising Review... Nov Awards in Sales Communications... July 2015 Bullion Funds... May 2013 CICA Handbook Section Apr. 2007,... Nov Continuous Disclosure Review Program... April 2007 Exchange-Traded Funds Liquidity/Designated Brokers... Mar as of June 2017

4 Portfolio Disclosure Practices of Exchange-Traded Funds... Dec Financial Statements Filed Before Filing Deadline... Dec Fixed Income Volatility... Mar Fund Facts Risk Ratings... Nov Fund-of-Funds Disclosure of Fees and Expenses... Sept High Management Expense Ratios (MER)... July 2014 International Financial Reporting Standards (IFRS) CSA Staff Notice Disclosure of Expected Changes in Accounting Policies Relating to Changeover to IFRS... Sept IFRS Implementation... July 2014 IFRS-related amendments to National Instrument Investment Fund Continuous Disclosure... Nov IFRS Release No Nov IFRS Release No Dec Liquidity Asset Classes Susceptible to Liquidity Concerns... Nov Risk Management... Sept NI Related Disclosure Reviews... Jan. 2010,... May 2011 Portfolio Disclosure Portfolio Disclosure of Cash... Mar Portfolio Disclosure Practices of Exchange-Traded Funds... Dec Portfolio Disclosure Review... Apr OSC Staff Notice Report on Staff s Continuous Disclosure Review of Portfolio Holdings by Investment Funds... Nov Scholarship Plan Practices... Dec Senior Loans... Nov Split Shares MER Disclosure... Jan Yield/Income Funds... April FUND FACTS / ETF FACTS Blacklined Fund Facts... Nov Converting Funds... Dec Disclosure of Expected Mergers in Fund Facts... Dec Disclosure of Separately Negotiated Fees... Dec as of June 2017

5 Early Delivery of Fund Facts... Dec FAQs Stage 1 of the Point of Sale Initiative... May 2011 Fund Codes... Dec Past Performance Presentation... April 2015 Risk Methodology Prospectus Disclosure... Dec CSA Mutual Fund Risk Classification Methodology... June 2017 CSA Notice and Request for Comments Proposed CSA Mutual Fund Risk Classification Methdology for Use in Fund Facts... Mar Risk Ratings Review... Apr. 2012,... Nov Stage 2 of the Point of Sale Initiative... Mar Transition Period for Filing ETF Facts... June INDEPENDENT REVIEW COMMITTEES (IRCs) Changes to IRC Composition... Nov Consideration of Different Securityholder Interests... Dec IRC Reporting under Section 4.5 of NI Sept MARKETING PRACTICES Cooperative Marketing Practices... Apr PROCESS MATTERS 90 Day Filing Requirement... Jan May 2011 Closure of Outstanding Files... Apr E-forms for Filing NI Reports... Nov Mandatory Electronic Delivery of Documents... Mar Materiality Thresholds for Repayments to Investors... July 2014 Materials to be Filed with Exemptive Relief Applications..Sept NP Process for Exemptive Relief Applications... Sept Preliminary Prospectus Receipt Process... Sept Prospectus Amendments Historical Information... Nov Prospectus Receipt Timing... Jan Review Process Upon Clearing for Final Filing... July as of June 2017

6 Transition of Investment Funds to Corporate Issuer Status... Dec PROSPECTUSES Advertising During Waiting Period... Nov Auditor Consents... Jan Best Efforts Offerings... Jan Bulleted Placeholders... Nov. 2012,... Mar. 2014,... Nov Character Conversion Transactions... May 2013 Closed End Funds Annual Redemption at NAV... Nov Exposure to Foreign Non-reporting Issuer Investment Funds... Apr Form F2 Form Compliance Reviews... Sept OSC Staff Notice Compliance with Form F2... May 2011 Performance Data of Related Funds... Nov Recent Amendments to NI Apr. 2015,... July 2015 Recirculation Agreements... Nov Redemption Price... Nov Consultants... Jan Cover Page Images... Nov CSA Mutual Fund Risk Classification Methodology... June 2017 Currency Hedged Class or Series... Sept Currency Hedging in Investment Objectives... Nov Custodian Requirements... Sept.2008 Disclaimers of Liability for Third Party Information... May 2013 Disclosure of Management Fees.. June 2017 Distributions Default Mutual Fund Distributions... Apr Fixed Rate Distribution Series... July 2015 DSC Switches... Apr Exchange Options... Mar ETFs ETFs that Track an Index... Apr as of June 2017

7 Multiple ETF Prospectuses... Dec OSC Staff Notice Cross Listings by Foreign ETFs... Dec Portfolio Transparency... Apr Redemption Price of Securities... April 2015 Fees Counterparty Hedging Fees... Apr Default Rate Feature Direct Payment of Ongoing Dealer Service Fees... July 2014 Fee-Based Series with Dual Dealer Compensation... Nov Fixed Administration Fees with Adjustment Payments... Nov Forward Fees... May 2011 Incorrect Fee Disclosure... Apr Management Fee Disclosure... Dec Short-Form Prospectuses... May 2013 Flow Through LPs Dual Class Structures... Apr Finder s Fees... Mar Performance Data of Related Funds... Nov. 2007,... May 2013,... Mar Rollovers... Apr. 2007,... Jan Form F2 Form Compliance Reviews... Sept Fund Names Consistency with Investment Objectives... Apr Use of Index... July 2015 IFIC Risk Classification Guidelines... Apr Index Funds... Nov Investment Funds Offering Currency Hedged Class or Series... Sept Investment Objectives Currency Hedging... Nov Fund of Funds... Nov Fund Names... Apr Index Funds... Nov Use of Index... July as of June 2017

8 Investments in Mortgages by Investment Funds... May 2013 IRC Compensation... July 2015 Lapse Dates... Jan. 2010,... Dec Minimum and Maximum Offering Amounts... Nov Mutual Funds Currently Investing in Closed-End Funds... July 2015 OSC Staff Notice Compliance with Form F2... May 2011 OSC Staff Notice Cross Listings by Foreign ETFs... Dec OSC Staff Notice Effect of Proposed Income Tax Act Amendments on Investment Funds Character Conversion Transactions... May 2011 PIFs for CCOs... May 2011 Prepaid Forwards... Dec Principal Holders of Securities... Nov Prospectus Review Priorities... July 2015 Recirculation Agreements... Nov Redemption Closed-End Fund Annual Redemption at NAV... Nov Closed-End Fund Securities... Nov ETF Securities... Apr Suspension of Redemptions for Short-Term Trading... July 2014 T+2 Settlement Cycle for European Securities... Nov Scholarship Plans Certificate of Annual Compliance with the Undertaking... Dec Marketing Materials... Nov Undertaking... May 2013 Up-Front Commission Structure... Dec Securities Lending Disclosure... Nov Short Form Prospectuses Earnings Coverage Ratios in Short Form Prospectuses... June 2017 Fee Disclosure in Short Form Prospectuses... May 2013 Use of Short Form Prospectuses... May 2011 Split Share Companies Offering Expenses... Apr Trailing Commissions Trailing Commissions and Discount Brokerages... Dec Trailing Commissions Based on Percentage of Performance Fee... Sept as of June 2017

9 Two-tiered Funds Continuous Disclosure Undertakings... Jan Top and Bottom Fund Prospectuses... Jan Unit Offerings and Calculation of Diluted NAV... Jan Use of Guarantee... Nov Use of Index in Investment Names and Objectives... July 2015 Warrant Offerings... Sept. 2008,... Apr Yield Disclosure... Jan Yield/Income Funds... Apr PUBLIC INQUIRIES Index Participation Units Definition... May 2011 Inter-fund Trades Market Integrity Requirements for Non-Exchange-Traded Securities... Sept.2008 Investment Funds Definition... Nov Rehypothecation of Collateral for OTC Derivatives... Apr Related Party Underwritings of Approved Rating Debt... Jan RECENT DECISIONS In the Matter of Crown Hill Capital Corporation and Wayne Lawrence Pushka. Nov REPORTS Guidance on Mutual Fund Sales Practices... Dec OSC Staff Notice Summary Report for Investment Fund Issuers... Mar Publication of Final Harmonized Report of Exempt Distribution... Sept STRUCTURED PRODUCTS Autocall Notes Disclosure... July 2014 Frequently Asked Questions Structured Notes Distributed under the Shelf Prospectus System... Sept Pricing Supplements... Nov Reference Asset Fee Disclosure... July 2014 Shelf Prospectuses... Apr as of June 2017