As previously announced, in line with regulatory requirements, we will no longer offer the Deferred Sales Charge (DSC) option for segregated fund deposits from May 26, 2023, 4pm (ET).
After May 26, 4pm (ET), all automatic deposit instructions for either pre-authorized debit (PAD) or automatic investment term (AIT), which include funds with the DSC option, will be automatically changed to Front-End Load (FEL) 0%.
The most frequently asked question is…
|Can I specify an alternative sales charge option for my client’s PAD or AIT if I believe it would be appropriate for them?|
Yes. You and your client may judge that either charge back or the F-Series would be preferable to FEL 0% for future automatic deposits. If this is the case, submit a change request using form F51-153A-1, duly completed and signed, by May 12, 2023, 4pm (ET).
We remind you that your client’s consent is mandatory.
Lists of clients with automatic deposit instructions (PAD or AIT) which include funds with the DSC option are available in the Advisor Centre:
My Clients > Obtain your clients’ investment data.
Deadline to ensure processing by May 26:
May 12, 2023
Requests received later may be processed on time, though this cannot be guaranteed.
May 26, 2023
We will automatically process requests received after this date with the FEL 0% option.