ADP Investor Communications has announced that Dynamic Mutual Funds has agreed to provide disclosure documents to its investors through ADP’s Smart Disclosure service.
Dynamic has implemented National Instrument 81-106 (NI 81-106) and has been adhering to the expected NI 81-106 guidelines by means of ADP’s Smart Financials(SM) product for over a year now, a solution built in anticipation of these new regulations. The requirements put forth by NI 81-106 consist of much more aggressive filing deadlines and require all registered and beneficial owners to receive a management report of fund performance (MRFP) in the first year. Smart Disclosure provides investors with customized financial statements and MRFP that contain information specific to that investor’s holdings, as per NI 81-106.
Alex Bright, Controller, Fund Administration for Dynamic Mutual Funds said, “When NI 81-106 was introduced, we needed a solution that would meet the new regulatory standard as well as our customers’ distinct needs. Selecting ADP’s Smart Disclosure was a strategic decision for us. Its unique access to beneficial holder’s information will allow us to easily reach our broad customer base. Smart Disclosure delivers timely customized information to investors and allows us to maintain the highest level of responsibility to our customers.”