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Bulletin #0894-P

For further information, please contact:

Aamir Mirza
Senior Legal and Policy Counsel
Policy
For Distribution to Relevant Parties within your Firm

CFR Conforming Amendments to MFDA Regulatory Instruments Now in Effect

In October 2019, the CSA published, in final form, the Client Focused Reforms (CFR) amendments to NI 31-103. Requirements under MFDA Regulatory Instruments must, at a minimum, be consistent with those under securities legislation.

Accordingly, the MFDA developed conforming amendments to MFDA Regulatory Instruments. These amendments were categorized as Housekeeping or Public Comment Rule proposals, and published in November 2020 (comment was sought in respect of the Public Comment Rule Proposals). Subsequently, in June 2021, proposed CFR conforming changes to MSN-0069 (Suitability) were also published for comment.

All proposed CFR conforming changes to MFDA regulatory instruments have received the required approvals, were ratified by Members at the December 3, 2021 AGM, and are now in effect. Members and Approved Persons are reminded that enhanced conflicts of interest requirements under revised Rule 2.1.4 came into effect on June 30, 2021.

For additional details, please see the following Bulletins: #0795-P; #0819‑P; #0843-P; #0863-P; #0864-P; #0876-P; and #0887-M.

To view the MFDA Rules as revised, please go to: Rules.

To view MFDA Policy 2 as revised, please go to: Policy No. 2.

To view the revised MFDA Staff Notices, please go to: Staff Notices.

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