Ontario Gazette Volume 159 Issue 35 | August 29 2026

Government Notices — Other

Ontario Securities Commission

Amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, National Instrument 81-101 Mutual Fund Prospectus Disclosure, National Instrument 81-102 Investment Funds, National Instrument 81-105 Mutual Fund Sales Practices and Changes to Companion Policy 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations, Companion Policy 81-102 Investment Funds and Companion Policy 81-105 Mutual Fund Sales Practices

On October 1, 2026, amendments to the following rules will come into force:

• National Instrument 81-101 Mutual Fund Prospectus Disclosure
• National Instrument 81-102 Investment Funds
• National Instrument 81-105 Mutual Fund Sales Practices.

On January 1, 2027, amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations will come into force.

National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations sets out registration requirements, exemptions and ongoing registrant obligations. National Instrument 81-101 Mutual Fund Prospectus Disclosure sets out the prospectus disclosure obligations for mutual funds. National Instrument 81-102 Investment Funds sets out the rules by which mutual funds must operate. National Instrument 81-105 Mutual Fund Sales Practices regulates the sales and business practices followed both by managers and principal distributors of publicly offered mutual funds, and by registered dealers and their sales representatives in connection with the distribution of securities of publicly offered mutual funds.

The amendments clarify that a dealer may only act as a principal distributor for mutual funds in the same mutual fund family. The amendments require disclosure of principal distributor arrangements and compensation. The amendments also ensure that the deferred sales charge option is not available to investors purchasing mutual fund securities distributed by principal distributors.

The full text of the amendments is available in the Ontario Securities Commission’s Bulletin at 2026 (49) OSCB 7219 on the Commission’s website at www.osc.ca

(159-G123)

Order in Council

On the recommendation of the undersigned, the Lieutenant Governor of Ontario, by and with the advice and concurrence of the Executive Council of Ontario, orders that:

O.C. 1232/2026

Whereas subsection 2(2) of the Executive Council Act provides that the Lieutenant Governor may by order in council prescribe the duties of the ministers of the Crown and the duties of any ministries over which they preside;

And whereas subsection 5(1) of the Executive Council Act provides that any of the powers and duties that have been assigned by law to any minister of the Crown may from time to time by order in council be assigned and transferred for a limited period or otherwise to any other minister by name or otherwise;

And whereas subsection 8(1) of the Executive Council Act provides that the authority of the Lieutenant Governor under this Act to prescribe duties of a minister of the Crown or to assign and transfer powers and duties that have been assigned by law to a minister of the Crown to any other minister includes authority, by order in council, to assign responsibility for the administration of an Act or a part of an Act to a minister of the Crown;

Therefore, pursuant to subsections 2(2), 5(1) and 8(1) of the Executive Council Act, despite any provision of a statute or Order in Council:

Each Order in Council cited in Column 4 of Schedule 1 to this Order in Council is amended such that the administration of each statute listed in Column 2 of the Schedule is assigned to the Minister or Ministers listed opposite that statute in Column 3 of the Schedule.

Recommended:
Doug Ford
Premier and President of the Council

Concurred:
Victor Fedeli
Chair of Cabinet

Approved and Ordered: August 13 2026
Michael H. Tulloch
Administrator of the Government

Schedule 1

(159-G124E)