April 19, 2018 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (MFDA) has published a Discussion Paper on expanding cost reporting. The purpose of the Discussion Paper is to promote further dialogue, and to solicit feedback from all stakeholders, in respect of expanding cost reporting.
“Providing investors with information to help them better evaluate their investments and to make informed decisions is a priority for the MFDA. With the publication of this discussion paper the MFDA hopes to advance the discussion regarding mutual fund cost reporting in Canada,” said MFDA President and CEO Mark Gordon. “We look forward to sharing the feedback with the Canadian Securities Administrators.”
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 82,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA’s complaint and enforcement processes, as well as links to ‘Check an Advisor’ and other Investor Tools, visit the For Investors page on the MFDA website.