The IIAC supports the objectives of meaningful cost disclosure for investors but does not believe that objective can be achieved through these initial proposals which may cause investor harm. The IIAC’s comments represent views from investment fund managers, investment dealers and insurance intermediaries. The investment dealer community which would be responsible for the majority of systems builds to produce the investor disclosures, has not been previously consulted by the CSA on the potential impact to their clients and their operations. Read our full letter, available here.