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James Langton
It’s now easier for mutual fund reps to qualify to sell alternative mutual funds under relief granted by the Canadian Securities Administrators (CSA) today.
The CSA issued blanket relief that expands the list of courses that allow fund reps to sell liquid alt funds in an effort to reduce barriers for reps and investors.
In a notice, the CSA said that mutual fund reps have “experienced challenges meeting the mandatory proficiency requirements for distributing alternative mutual funds” under the existing rules that were intended to expand investors’ access to alt funds.
“As a result, investor access to alternative mutual funds has been limited,” the CSA said.
James Langton
It’s now easier for mutual fund reps to qualify to sell alternative mutual funds under relief granted by the Canadian Securities Administrators (CSA) today.
The CSA issued blanket relief that expands the list of courses that allow fund reps to sell liquid alt funds in an effort to reduce barriers for reps and investors.
In a notice, the CSA said that mutual fund reps have “experienced challenges meeting the mandatory proficiency requirements for distributing alternative mutual funds” under the existing rules that were intended to expand investors’ access to alt funds.
“As a result, investor access to alternative mutual funds has been limited,” the CSA said.