submission to the task force on future of canadian financial services sector investment funds institute canada 2 table contents background 3 disclosure 9 4 responsiveness national objectives 14 5 specific considerations 17 6 distribution arrangements 19 7 use technology 21 8 managed money 22 13 conflicts interest 25 provincial regulation 26 10 securities 27 influence institutions as investors 28 conclusions 31 appendices ranking ific members by assets a total net b monthly sales c policy 39 section 05 d manager member type e executive study ernst & young foreign property rule f numbering corresponds items in s june 1997 discussion paper is association for mutual fund industry its include 73 managers see