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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
MSN-0055
July 6, 2006
Undivided Interests in Land
MSN-0054
June 22, 2006
(Updated June 30, 2021)
Conflicts of Interest – MFDA Rule 2.1.4 (WITHDRAWN June 30, 2021)
MSN-0053
December 29, 2005
Obligation of Members to Communicate Regulatory Information to Approved Persons and Relevant Employees
MSN-0052
December 22, 2005
(Updated March 4, 2013)
MFDA Financial Questionnaire and Report Basis of Presentation Note Disclosure
MSN-0051
December 22, 2005
(Updated March 4, 2013)
Capital Provisions for Unresolved Differences in Nominee Name Assets
MSN-0050
December 22, 2005
Related Member Guarantees (withdrawn March 4, 2013)
MSN-0049
December 5, 2005
Charitable Donation Programs
MSN-0048
October 31, 2005
(Updated December 31, 2021)
Know-Your-Product
MSN-0047
October 3, 2005
(Updated December 31, 2021)
Personal Financial Dealings with Clients
MSN-0046
September 29, 2005
Out of Province Registration – Multilateral Instrument 11-101 – Principal Regulator System (withdrawn March 4, 2013)