BCN 2005/25 - The Mutual Fund Dealers Association of Canada Notice of Consent to Enter into a Co-operative Agreement in Québec [BCN]
| Published Date: | 2005-05-20 |
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On May 20, 2005, the Commission consented to the Mutual Fund Dealers Association of Canada (MFDA) entering into a Co-operative Agreement with l’Agence nationale d’encadrement du secteur financier (Autorité) and the Chambre de la sécurité financière (Chambre) in Québec. The objectives of the Co-operative Agreement are to avoid regulatory inefficiencies and to preserve and enhance the respective separate mandates of the Autorité, the Chambre and the MFDA. Under the Co-operative Agreement, the Autorité, the Chambre and the MFDA will co-ordinate their various regulatory functions with respect to MFDA Members and their Approved Persons operating in Québec.
Alberta, Nova Scotia, Ontario and Saskatchewan have also consented to the MFDA entering into the Co-operative Agreement.
The Commission published the MFDA’s application for consent and related documents on December 12, 2003 (BC Notice 2003/54). One commenter responded to the request for comments. The MFDA’s summary of the comments and response are published on the OSC website at www.osc.gov.on.ca.
May 20, 2005
Douglas M. Hyndman
Chair
This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.