June 25, 2020 (Toronto, Ontario) – The Mutual Fund Dealers Association of Canada (MFDA) today welcomes the publication of the Canadian Securities Administrators’ (CSA) Consultation Paper 25-402 Consultation on the Self-Regulatory Organization Framework.
In February, the MFDA released its Special Report on Securities Industry Self-Regulation to assist the CSA in its review of the SRO framework.
“The MFDA Special Report provides comprehensive regulatory policy analysis regarding the SRO experience in Canada and internationally with a view to assisting in the development of a truly public interest focused SRO,” said MFDA President and CEO Mark Gordon. “With the CSA consultation process now officially underway we look forward to continuing to work with the CSA towards developing a modern SRO framework for Canada that will benefit all stakeholders.”
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 81,000 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.