MFDA reviews rules, indicates potential changes

In response to fund dealer feedback, the Mutual Fund Dealers Association of Canada (MFDA) is reviewing its rules and signalling areas where changes may be coming.

In a new bulletin, the self-regulatory organization reports that, in the wake of its latest member outreach efforts, the MFDA has launched a review of its requirements that aims to ensure rules are meeting regulatory objectives and aren’t inhibiting innovation.

Already that review has “identified areas where changes will be considered,” it says, “including supervisory structures, and books and records requirements.”

The bulletin also highlights areas where future regulatory policy is expected, including the protection of senior investors and more cybersecurity guidance.

The SRO also indicates that it is planning to make greater use of industry advisory groups and other consultation mechanisms as part of the policy process, and to clarify its expectations in certain areas.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.