Skip to Main Content

Bulletin #0679-C

For further information, please contact:

Ken Woodard
Director, Communications & Membership Services
Compliance
For Distribution to Relevant Parties within your Firm

Mutual Fund Dealers Association – Client Research Project

In order to better understand the segment of the Canadian marketplace that is served by MFDA Members, the MFDA has retained Investor Economics (“IE”) to perform analysis on the geographic, demographic and wealth footprint of the MFDA Member client base.  The results of this research project will better inform the MFDA in performing its regulatory activities.

To conduct the analysis IE will need all Members to provide certain information regarding their client base.  Additional guidance and instructions regarding the data fields is attached for your review.  Members may want to review the guidance and instructions attached with their operations staff and system provider. Information gathered will be anonymized to prevent client and Member identification.

We are seeking feedback from Members regarding their ability to provide client data for this research project, including how the data may be best transferred to the MFDA or IE, preferred timing for the data collection, and any alternative suggestions for providing the data. 

Please submit your comments in writing on or before March 15, 2016 addressed to the attention of:

Ken Woodard
Director, Membership Services & Communications
Mutual Fund Dealers Association of Canada
121 King St. West, Suite 1000
Toronto, ON M5H 3T9
kwoodard@mfda.ca

448223

The Mutual Fund Dealers Association of Canada

The Client Position Template is intended to capture, for each client account of the Member as at the reporting date, information regarding the client, the account and each investment position within the account.

Instructions for completing the Client Position Template:

  • As at the Reporting Date, for each investment position in each client account at the Member, complete a row with the information requested in the template.
  • Upon completion of the data compilation, the Member will be instructed to deliver the file to Investor Economics and/or the MFDA via a secure file transfer protocol.

Addition instructions in respect of the “as at Reporting Date” and delivery instructions will be provided at a future date.


Cell Name Format Mandatory Field Cell Notes
  1. Household ID
ALPHA NO If available, the Member may substitute a unique Household ID for the Address information fields(excluding Postal Code)
  1. Street Number
NUMERIC YES*  
  1. Street Name
ALPHA‐NUMERIC YES*  
  1. Unit/Apt
ALPHA‐NUMERIC YES*  
  1. City
ALPHA YES*  
  1. Province
ALPHA YES*  
  1. Postal Code
ALPHA‐NUMERIC YES May be presented in a one or two column format (e.g. ABC123 or ABC 123)
  1. Primary Account Holder Birthdate
DATE YES To be formatted as YYYY‐MM‐DD
  1. Account Number
ALPHA‐NUMERIC YES This is the account number associated with the Account Type. Not a product account number.
  1. Account Type
ALPHA YES Examples include OPEN/RSP/RIF/TFSA/RESP/OTHER REG
  1. Rep Code
ALPHA‐NUMERIC YES If no Rep Code is assigned to an account, please insert “N/A” or some other similar notation.
  1. Investment Product Code
ALPHA‐NUMERIC YES Including all investment products.
  1. Investment Product Market Value
CURRENCY YES Formatted as currency with 2 decimal points. USD values may be converted to CAD.

* Not mandatory if unique Household ID is provided.


The Mutual Fund Dealers Association of Canada

Client Position Template

  Address  
Field Name Household ID Street Number Street Name Unit/Apt City Province Postal Code Primary Account Holder Birthdate Account Number Account Type Rep Code Investment Product Code Investment Product Market Value
Data Type ALPHA NUMERIC ALPHA‐NUMERIC ALPHA‐NUMERIC ALPHA ALPHA ALPHA‐NUMERIC DATE ALPHA‐NUMERIC ALPHA ALPHA‐NUMERIC ALPHA‐NUMERIC CURRENCY
Cell Notes: 1 2 3 4 5 6 7 8 9 10 11 12 13
Example   121 King St. W. 1000 Toronto ON M5H 3T9 2001‐04‐04 123456 RSP R001 ABC123 $8,675.23
Example   121 King St. W. 1000 Toronto ON M5H 3T9 2001‐04‐04 123456 RSP R001 CBA4322 $13,725.00
Example   121 King St. W. 1000 Toronto ON M5H 3T9 2001‐04‐04 123456 RSP R001 GIC001 $5,000.00