The MFDA seeks preliminary comment on material policy initiatives in order to ensure that stakeholder views and comments are considered at an early stage in policy development process. Comment on material policy proposals is sought through various means, including consultation papers. In these papers, MFDA staff will advise stakeholders of the nature of the initiative, the regulatory rationale for the initiative and any alternatives being considered and will solicit comment on the initiative before the proposal is finalized. All comment letters received will be published to the MFDA website, unless MFDA staff receives a request from the commenter asking that their letter not be made public.
Discussion Paper on Expanding Cost Reporting
On April 19, 2018, the Mutual Fund Dealers Association of Canada (MFDA) 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. The comment period ends July 20, 2018.
Proposed MFDA Staff Notice on MFDA Member Intermediary Arrangements – Publication for Comment
On March 8, 2018, the Mutual Fund Dealers Association of Canada (MFDA) published for comment a proposed Staff Notice intended to clarify requirements under MFDA Rules 1.1.3 (Service Arrangements), and 1.1.6 (Introducing and Carrying Arrangement). The Notice also addresses industry practices identified by MFDA staff, regulatory concerns, general principles to be taken into account by Members prior to entering into such arrangements, and other related matters. The comment period ended May 7, 2018.