National Instrument 81-102 Investment Funds
Part 15 Sales Communications and Prohibited Representations
Section 15.7.1

Advertisements for Non-Redeemable Investment Funds

An advertisement for a nonredeemable investment fund must not compare the performance of the non-redeemable investment fund with any benchmark or investment other than any of the following:

(a) one or more non-redeemable investment funds that are under common management or administration with the non-redeemable investment fund to which the advertisement pertains;

(b) one or more non-redeemable investment funds that have fundamental investment objectives that a reasonable person would consider similar to the non-redeemable investment fund to which the advertisement pertains;

(c) an index.