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ARTICLE · 17 MAY 2023

Find Out More About The Changes

Osler, Hoskin & Harcourt LLP
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This Osler Update will focus on the Final TCR Amendments that will affect registered dealers, advisers and investment fund managers.

CanadaFinance and Banking
Lorraine Lynds
Lorraine Lynds
Vanessa Hansford
Vanessa Hansford
Shawn Cymbalisty
Shawn Cymbalisty
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On April 20, 2023, the Canadian Securities Administrators (CSA), jointly with the Canadian Council of Insurance Regulators (CCIR), released final amendments (the Final TCR Amendments) relating to enhanced cost disclosure reporting requirements for investment funds and new cost and performance reporting guidance for insurance segregated funds (Total Cost Reporting).

The goal of Total Cost Reporting is to improve investors' awareness of the ongoing embedded fees, such as those captured in management expense ratios (MERs) and trading expense ratios (TERs), that form part of the cost of owning investment funds and segregated funds.

This Osler Update will focus on the Final TCR Amendments that will affect registered dealers, advisers and investment fund managers.

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