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
Advisor Insights: Global Regulatory Developments in Investor Protection (May 2018)
This issue of Advisor Insights focuses on regulatory developments in 16 countries and is based on a research report that was updated in May 2018. It summarizes report findings in a number of areas, including expanded disclosure, targeted reforms, best interest standard and embedded commissions and includes key points for advisors to discuss with clients.
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
Advisor Insights: Global Regulatory Developments in Investor Protection (May 2018)
This issue of Advisor Insights focuses on regulatory developments in 16 countries and is based on a research report that was updated in May 2018. It summarizes report findings in a number of areas, including expanded disclosure, targeted reforms, best interest standard and embedded commissions and includes key points for advisors to discuss with clients.
2019
2019 Your Guide to Investment Funds
Helpful information for every stage of your financial journey
2018
Advisor Insights: Global Regulatory Developments in Investor Protection (May 2018)
This issue of Advisor Insights focuses on regulatory developments in 16 countries and is based on a research report that was updated in May 2018. It summarizes report findings in a number of areas, including expanded disclosure, targeted reforms, best interest standard and embedded commissions and includes key points for advisors to discuss with clients.
Helpful information for every stage of your financial journey
This issue of Advisor Insights focuses on regulatory developments in 16 countries and is based on a research report that was updated in May 2018. It summarizes report findings in a number of areas, including expanded disclosure, targeted reforms, best interest standard and embedded commissions and includes key points for advisors to discuss with clients.