MFDA opens nominations for regional councils

MFDA is looking for nominees to stand for election to its four regional councils.

Candidates must put their names forward by no later than March 31, 2016. To be eligible, a nominee must be a resident of the applicable region and a partner, officer, director, employee or agent of a member in that region.

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Atlantic Region

Covers: Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador

Positions Available: 10

Nomination Form

Central Region

Covers: Ontario, Quebec

Positions Available: 20

Nomination Form

Prairie Region

Covers: Alberta, Saskatchewan, Manitoba, Northwest Territories & Nunavut

Positions Available: 20

Nomination Form

Pacific Region

Covers: British Columbia, Yukon

Positions Available: 20

Nomination Form

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Elected representatives serve two-year terms of office and are eligible to be selected as members of three-person hearing panels that adjudicate MFDA disciplinary proceedings. In addition, the chair of each Regional Council is eligible to become an ex officio member of the MFDA’s Policy Advisory Committee which provides advice and comment on the legal, regulatory and market implications of MFDA Rules, policies and operations.

A member may nominate up to two candidates in each region in which the member has a head office or at least one branch office.

In addition to the eligibility criteria above, nominees should have a strong background in compliance and have held senior positions within the industry and their member firms for a number of years. Further information regarding the Regional Councils can be found in sections 17-19 of MFDA By-law No. 1.

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Election Process

If the number of nominees in any region exceeds the number of positions available, the MFDA will coordinate a mail-in ballot process to elect representatives to each such Regional Council.

If an election is required, the names of all eligible nominees will be put on a ballot and sent to Members in the applicable Region, along with a brief profile of each nominee. Each member in the region will then be entitled to vote for one or more of the nominees (up to the maximum number of positions available).

Terms of Office

The two-year terms of office for successful candidates will commence on June 8, 2016.