Total Cost Reporting
The investment funds industry supports regulatory initiatives that provide investors with important information before and after they purchase their investments. This information strengthens investor understanding and confidence.
Providing investors with more complete cost information related to the investment funds they hold is the ultimate goal for regulators and the industry. SIMA strongly supports expanding cost reporting to include costs related to fund management and operating expenses. SIMA believes the best way to both accomplish this goal and reduce the risk of investor confusion is to include fund expenses in the annual report of costs and performance.
SIMA will continue to provide industry input and work closely with our members and regulators on all aspects of the implementation of Total Cost Reporting.
Documents
2025
2022
Assessment of the Joint Regulators’ Enhanced Fee Disclosure Proposal - PwC
Examines the proposed amendments to fee disclosure (know as total cost disclosure) by the Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR). The report focuses specifically on the proposals to the securities sector. The report examines fee disclosure in other key jurisdictions, examines projected impact on investors, and evalutes impact on the industry.
2021
2020
2019
2019 Your Guide to Investment Funds
Helpful information for every stage of your financial journey
2018
Examines the proposed amendments to fee disclosure (know as total cost disclosure) by the Canadian Securities Administrators (CSA) and the Canadian Council of Insurance Regulators (CCIR). The report focuses specifically on the proposals to the securities sector. The report examines fee disclosure in other key jurisdictions, examines projected impact on investors, and evalutes impact on the industry.
2021
2020
2019
2019 Your Guide to Investment Funds
Helpful information for every stage of your financial journey
2018
2019
2019 Your Guide to Investment Funds
Helpful information for every stage of your financial journey
2018
Helpful information for every stage of your financial journey