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Canadian securities regulators propose prohibiting the use of chargebacks in the distribution of investment funds

News Corporate Finance & M&A Consultations
Date: 26th Jun, 2025 Source: Canadian Securities Administrators Country: Canada Original Source

Brief

On April 26, 2025, the Canadian Securities Administrators issued an update regarding "Canadian securities regulators propose prohibiting the use of chargebacks in the distribution of investment funds". The proposed amendments aim to prohibit the use of chargebacks in the distribution of investment fund securities, citing a potential conflict of interest and prioritizing investor protection. A 90-day comment period has been opened for stakeholders to provide feedback on the proposal.

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Canadian Securities Administrators

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