A mutual fund must
(a) determine its investment risk level, at least annually, in accordance with Appendix F Investment Risk Classification Methodology, and
(b) disclose its investment risk level in the fund facts document in accordance with Part I, Item 4 of Form 81-101F3 of National Instrument 81-101 Mutual Fund Prospectus Disclosure, or the ETF facts document in accordance with Part I, Item 4 of Form 41- 101F4 of National Instrument 41-101 General Prospectus Requirements, as applicable.