OSC adopts ban on deferred sales charges

Today, the Ontario Securities Commission published local final amendments to National Instrument 81-105 that prohibit the payment by fund organizations of upfront sales commissions to dealers, which will result in the discontinuation of all forms of the deferred sales charge (DSC) option. Provided all necessary ministerial approvals are obtained, the amendments will become effective on June 1, 2022, harmonizing the ban with the Canadian Securities Administrators.

View the final amendments