The Portfolio Management Association of Canada (PMAC), through its Industry, Regulation and Tax Committee, is pleased to have the opportunity to submit the following comments regarding the Canadian Securities Administrators (CSA) Discussion Paper and Request for Comment 81-407 Mutual Fund Fees (the “Consultation Paper”) which examines the mutual fund fee structure in Canada in order to see whether there are investor protection or fairness issues, and to determine whether any regulatory responses are needed to address such issues.
