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Proposed Regulation

Requests for Comment

Why We Want Your Comments

All public interest amendments to Rules, By-laws, Policies and Forms are published for public comment. The MFDA encourages investors, Members and the general public to comment on all aspects of new Regulatory Instruments and amendments to existing Regulatory Instruments that are published for comment. We seek comments from a broad range of stakeholders to ensure that MFDA Regulatory Instruments adequately address risks and protect investors, while also avoiding undue regulatory burden. Commenters provide feedback in a number of areas, including investor impact, industry trends, operational practices and implementation issues, and drafting recommendations.

How We Solicit Comments

MFDA staff generally solicits comments from stakeholders in a form of bulletin describing the proposal or area of regulatory interest and indicating the length of the comment period and the methods of submitting comments. Notice of request for comments is also published on the website of the British Columbia Securities Commission (the MFDA’s Principal Regulator).

MFDA staff reviews and considers all comments thoroughly, summarizes and responds to the comments, and makes appropriate revisions.

Instructions for Submitting Comments:

Comments to all regulatory proposals should be made in writing, within the announced comment period to the attention of:

Paige Ward
General Counsel and Vice-President, Policy
Mutual Fund Dealers Association of Canada
121 King St. West, Suite 1000
Toronto, Ontario
M5H 3T9
pward@mfda.ca

Those submitting comment letters should be aware that a copy of their comment letter will be made publicly available on the MFDA website at www.mfda.ca. Comment letters are posted on the MFDA’s website as they are received.

Proposed MFDA Regulation

Client Focused Reforms (CFR) Amendments to NI 31-103

On November 19, 2020, the MFDA published two types of changes to MFDA Rules and Policies: Public Comment Rule Proposals that are subject to a 60-day public comment period and Housekeeping Changes that are deemed to be approved.

Proposed Amendments to MFDA Policy No. 9 Continuing Education (“CE”) Requirements

On March 26, 2020, the British Columbia Securities Commission (“BCSC”) published for public comment proposed amendments to MFDA Policy No. 9 Continuing Education (“CE”) Requirements. The comment period ended August 10, 2020.

Proposed Amendments to MFDA Rule 1.1.2 (Compliance by Approved Persons)

On January 30, 2020 the British Columbia Securities Commission (“BCSC”) published for public comment proposed amendments to MFDA Rule 1.1.2. The comment period ended June 15, 2020.

Proposed Amendments to MFDA Rule 1.1.1(a) Business Structures – Members

On October 24, 2019 the British Columbia Securities Commission (“BCSC”) published for public comment proposed amendments to MFDA Rule 1.1.1(a). The comment period ended January 22, 2020.

Proposed Amendments to MFDA Rule 2.3.1(b)

On April 4, 2019, the British Columbia Securities Commission (“BCSC”) published for public comment proposed amendments to MFDA Rule 2.3.1(b) (Discretionary Trading). The comment period ended August 2, 2019.