Business OSC proposes mutual fund constraints to safeguard senior citizens...

OSC proposes mutual fund constraints to safeguard senior citizens from large charges


The new standards proposed by the Ontario Securities Commission would limit the sale of shared funds with the postponed sales charge choice to consumers who are 60 and over, and anybody whose financial financial investment time horizon is much shorter than the mutual fund hold period.

The OSC was at first on board with a straight-out constraint on held off sales charges on shared funds throughout Canada nevertheless, after an unusual public disagreement with the Ontario federal government, the regulator did not join its lots territorial and provincial equivalents in welcoming a restriction.

Regulators invested months studying fund charge structures, including a delayed sales charge option in which shared fund business pay beforehand commissions to dealerships.

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