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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
December 3, 2010
(Updated December 31, 2021)
Relationship Disclosure
April 6, 2010
(Updated May 19, 2010)
Leverage Risk Disclosure
April 5, 2010
(Updated October 16, 2015)
Complaint Handling – MFDA Policy No. 3
March 29, 2010
Payment of Commissions to Unregistered Corporation
February 10, 2009
(Updated March 4, 2013)
Referral Arrangements With Other Securities Registrants
May 12, 2008
Misleading Communications Regarding Leverage
April 14, 2008
(Updated December 31, 2021)
Know-Your-Client (KYC) and Suitability
March 20, 2008
Servicing of Client Accounts in Transition
November 14, 2007
Stealth Advising
October 31, 2007
(Updated January 26, 2017)
Signature Falsification