The media and regulatory scrutiny of U.S. mutual funds of the past several months spilled over into Canada in early November, when the Ontario Securities Commission announced its review of late trading and market timing practices of Canadian mutual funds. The OSC wants to confirm that Canadian mutual funds have effective policies and procedures in place to detect and prevent trading abuses. All managers of publicly offered mutual funds in Ontario have been asked to answer questions about late trading and market timing in their mutual funds. Responses are due by December 15.

type "Investment Funds Advisory" – Late Trading and Market Timing Implications for Canadian Mutual Funds