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MFDA Staff Notices

MFDA By-Law No. 1 was replaced by New SRO By-Law No. 1 on January 1, 2023.

The new By-Law is available on the New Self-Regulatory Organization of Canada website.

MFDA Rules and Policies were replaced by New SRO Mutual Fund Dealer Rules on January 1, 2023.

The New SRO Mutual Fund Dealer Rules are available on the New Self-Regulatory Organization of Canada website.

MFDA Staff Notices are intended to assist Members and their Approved Persons in the interpretation, application of and compliance with MFDA By-laws and Rules. Notices set out MFDA staff’s interpretation of how to comply with requirements under MFDA By-laws and Rules. Unlike MFDA By-laws and Rules, MFDA Staff Notices are not prescriptive and are intended to provide guidance only. Members may adopt an approach to complying with a requirement under a MFDA By-law or Rule which differs from staff’s interpretation as set out in an MFDA Staff Notice provided such an approach fully satisfies the principle and objective of the By-law or Rule. As non-binding instruments, MFDA Staff Notices are not subject to the approval of the MFDA Board of Directors or the recognizing securities commissions, however, all MFDA Staff Notices are referred to the MFDA Policy Advisory Committee to obtain industry input before issuance and may, depending on the nature of the subject matter, be posted on the MFDA website for wider stakeholder comment. When MFDA Staff Notices are posted for comment, individual comment submissions will be made publicly available on the MFDA’s website together with a summary of the submissions and the response of MFDA staff. Questions regarding any aspect of our Rule Book should be directed to Membership Services via e-mail at [email protected], or via telephone at 416-361-6332 or 1-888-466-6332.

No. Date Title
September 5, 2018
MFDA Member Intermediary Arrangements
February 26, 2016
Advance Instructions for Account Rebalancing
November 25, 2014
Account Statement Disclosure Respecting MFDA IPC Coverage
September 12, 2013
Branch Supervision
February 13, 2013
Sale of Principal Protected Notes by Approved Persons of MFDA Members
April 16, 2012
Payment of Interest on Client Cash Held in Trust
March 4, 2011
Approved Person Transfers
February 22, 2011
(Updated December 31, 2021)
MFDA Rules 2.4.4 (Transaction Fees or Charges) and 5.1(b)(iv) (Requirement for Records)
December 7, 2010
(Updated December 31, 2021)
Approved Person Proficiency Requirements
December 3, 2010
Performance Reporting (suspended March 4, 2013)