{"id":656,"date":"2023-11-03T08:36:12","date_gmt":"2023-11-03T08:36:12","guid":{"rendered":"https:\/\/financeify.ca\/?p=656"},"modified":"2023-11-03T08:37:47","modified_gmt":"2023-11-03T08:37:47","slug":"amf-consults-on-the-reporting-of-total-costs-for-segment-funds","status":"publish","type":"post","link":"https:\/\/financeify.ca\/index.php\/2023\/11\/03\/amf-consults-on-the-reporting-of-total-costs-for-segment-funds\/","title":{"rendered":"AMF consults on the reporting of total costs for segment funds"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div class=\"wp-block-column is-layout-flow\" style=\"flex-basis: 66.66%;\">\n<figure class=\"wp-block-post-featured-image\">\n<div class=\"wp-block-post-featured-image__wrapper\"><\/div>\n<\/figure>\n<p>The Autorit\u00e9 des march\u00e9s financiers (AMF) has published proposals to introduce stricter reporting requirements for segregated funds as part of a joint initiative by insurance and securities regulators on total cost reporting.<\/p>\n<p>The AMF has published draft consultation rules that will improve performance, underwriting and cost reporting requirements for segregated funds.<\/p>\n<p>The proposals are consistent with guidance issued last spring by the Canadian Board of Insurance Regulators as part of its joint effort with Canadian securities administrators to refine and standardize reporting requirements for both seg funds and mutual funds.<\/p>\n<p>\u201cTo make informed decisions, consumers need to know all the costs associated with the segregated funds they purchase through insurers. These products have a long-term horizon and the costs associated with them have a complex impact on results,&#8221; said Patrick D\u00e9ry, supervisor of financial institutions at AMF, in the release.<\/p>\n<p>\u201cThe new rules will create greater transparency and increase consumer protection, in particular by increasing their awareness of the rights and guarantees contained in their contracts,\u201d he said.<\/p>\n<p>You can comment on the draft AMF regulations until December 2.<\/p>\n<p>The new rules are expected to enter into force on January 1, 2026, and investors will receive the first reports under the new rules in 2027, for the year ended December 31, 2026.<\/p>\n<\/div>\n<div class=\"wp-block-column is-layout-flow\" style=\"flex-basis: 33.33%;\">\n<div class=\"wp-block-group is-layout-constrained\">\n<div class=\"nua-ad nua-ad--vertical \" data-ad-unit-path=\"\/95740733\/advisor\/industry_news\/regulation\/article\/\" data-ad-title=\"Advertisement\" data-ad-targeting=\"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\"><\/div>\n<\/div>\n<div class=\"wp-block-group is-layout-constrained\">\n<div class=\"nua-ad nua-ad--vertical \" data-ad-unit-path=\"\/95740733\/advisor\/industry_news\/regulation\/article\/\" data-ad-title=\"Advertisement\" data-ad-targeting=\"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\"><\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The Autorit\u00e9 des march\u00e9s financiers (AMF) has published proposals to introduce stricter reporting requirements for segregated funds as part of a joint initiative by insurance and securities regulators on total cost reporting. The AMF has published draft consultation rules that will improve performance, underwriting and cost reporting requirements for segregated funds. The proposals are [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":657,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[205,206,72,139,207,209,208],"class_list":{"0":"post-656","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-seg-fund-investments","8":"tag-amf","9":"tag-consults","10":"tag-costs","11":"tag-funds","12":"tag-reporting","13":"tag-segment","14":"tag-total"},"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AMF consults on the reporting of total costs for segment funds - Financeify<\/title>\n<meta name=\"description\" content=\"&nbsp; 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