Don’t forget: Deliver fund facts before clients invest

By Staff | May 30, 2016 | Last updated on May 30, 2016
1 min read

Starting today, all dealers must deliver fund facts to clients before accepting instructions for the purchase of mutual funds. And, prospectuses for such funds must be available to investors upon request.

The implementation of this rule is part of CSA’s three-step POS project, which began in 2008 with Framework 81-406 Point of Sale Disclosure for mutual funds and segregated funds; first, all mutual fund managers were required to prepare and file fund facts for all classes and series, as of January 2011, and that was followed by dealers having to deliver those fund facts to clients within two days of buying a fund, as of June 2014.

Delivering fund facts early is important, says CSA, because the documents provide investors with key information about funds in easy-to-understand language as they make decisions.

For more on how long fund facts are good for, click here (a reader asked this question and OSC answered).

Also read:

CSA releases fund facts mock-up for investors

New fund facts delivery rule kicks in soon

Get ready for ETF fund facts, for more on how ETFs will be affected staff


The staff of have been covering news for financial advisors since 1998.