The Mutual Fund Dealers Association of Canada (MFDA) is the national self-regulatory organization (SRO) for the distribution side of the Canadian mutual fund industry. The MFDA is structured as a not-for-profit corporation and its Members are mutual fund dealers that are licensed with provincial securities commissions.

The MFDA is formally recognized as a self-regulatory organization by the provincial securities commissions in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island, Saskatchewan, Yukon, Northwest Territories, and Nunavut. See SRO Application and Recognition Process to read more about this subject.

The MFDA has also entered into a Co-operative Agreement with the Autorité des marchés financiers and actively participates in the regulation of mutual fund dealers in Quebec.

As an SRO, the MFDA is responsible for regulating the operations, standards of practice and business conduct of its Members and their representatives with a view to enhancing investor protection and strengthening public confidence in the Canadian mutual fund industry. The majority of the MFDA’s staff, centered in Toronto with offices in Calgary and Vancouver, are actively involved in compliance and enforcement activities.

As of March 31, 2022, the MFDA has 88 Members. See the Member Directory for an up-to-date list of MFDA Members. These Members represent approximately $703.30 billion of mutual fund assets under administration. MFDA Members are registered in every province and territory of Canada and are the sponsors of approximately 76,603 mutual fund licensed advisors. For further statistical information, visit the Membership Statistics page.

The MFDA performs no industry representation or trade association activities for its Members.