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Marketplaces, SROs, Clearing Agencies

Mutual Fund Dealers Association

The BC Securities Commission, along with Canada’s other securities regulators, has recognized the Canadian Investment Regulatory Organization (CIRO). CIRO consolidates the functions of the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA). The New SRO oversees the investment dealers, mutual fund dealers, and the trading activity on marketplaces that have retained it to act as their regulation services provider.

This page comprises historically published documents related to the MFDA which previously oversaw mutual fund dealers in Canada.

  • MFDA
  • Rule Review

MFDA

Document Published
Variation Order, Revised Recognition Order and Revised Memorandum of Understanding for MFDA 2021-03-25
MFDA Oversight Review Report
 2018-07-04
MFDA Variation Order
 2018-04-12
MFDA Recognition Order
 2018-04-12
MFDA Oversight Review Report
 2016-11-18
Notice of Variation of MFDA Investor Protection Corporation Approval Order
 2015-04-30
Notice of Revised Recognition Order for Mutual Fund Dealers
 2014-11-07
Memorandum of Understanding Regarding Oversight of the Mutual Fund Dealers Association of Canada
 2013-10-10
MFDA Oversight Review Report
 2013-04-17
MFDA Oversight Review - Corporate Governance Report
 2011-07-04
MFDA Oversight Review Report
 2010-07-09
Mutual Fund Dealers Association of Canada Variation Order
 2008-12-19
Mutual Fund Dealers Association of Canada Variation Order
 2008-11-14
Consent re: Co-operative Agreement with the Autoritié des marchés financiers du Québec and the Chambre de la sécurité financière
 2008-07-08
Mutual Fund Dealers Association of Canada Variation Order
 2006-11-17
MFDA Investor Protection Corporation Variation Order
 2006-07-24
MFDA Pacific Audit Report
 2006-03-24
Order Re: Co-operative Agreement with the Autorité des marchés financiers du Québec and the Chambre de la sécurité financière
 2005-05-20
MFDA Investor Protection Corporation Approval Order
 2005-05-13
Recognition Order
 2004-06-03
Document Published
   
   

Rule Review

Document Published
Notice of BCSC approval of use of MFDA Discretionary Fund 2022-07-28
Notice of BCSC non-objection to proposed Policy No. 11  (Proficiency Standards for the Sale of Alternative Mutual Funds)
 2022-07-21
Notice of BCSC non-objection to proposed amendments to MFDA Rule 1.1.2 (Compliance by Approved Persons)
 2022-07-07
Notice of BCSC non-objection to proposed amendments to MFDA Rules 2.3.2 (Limited Trading Authorization), 2.3.3 (Designation) and 5.1 (Requirement for Records)
 2022-07-07
Notice of withdrawal of proposed amendments to MFDA Rule 1.2.5 (Misleading Business Titles Prohibited)
 2021-12-23
Notice of withdrawal of proposed amendments to MFDA Rule 2.3.1 (Discretionary Trading) and Rule 2.2.5 (Relationship Disclosure)
 2021-12-23
Request for comment: proposed MFDA Policy No. 11 (Proficiency Standards for the Sale of Alternative Mutual Funds)
 2021-11-25
Notice of BCSC deemed non-objection to proposed amendments to MFDA Rule 2.2 (Client Accounts) and 5.1 (Requirement for Records)
 2021-11-18
Notice of BCSC non-objection to proposed amendments to MFDA’s regulatory instruments to conform to Client Focused Reforms amendments to NI 31-103
 2021-09-02
Notice of BCSC non-objection to proposed amendments to MFDA Policy No. 9 (Continuing Education (“CE”) Requirements)
 2021-07-22
Notice of BCSC non-objection to proposed amendments to MFDA Rule 1.1.1(a) (Business Structures – Members)
 2021-01-21
Request for Comment: Proposed amendments to MFDA Rules 2.3.2 (Limited Trading Authorization), 2.3.3 (Designation) and 5.1 (Requirement for Records)
 2020-12-24
Notice of BCSC deemed non-objection to client focused reforms (CFRs) housekeeping amendments
 2020-11-19
Request for Comment: Proposed amendments to MFDA regulatory instruments to conform to client focused reforms (CFRs) amendments
 2020-11-19
Notice of BCSC non-objection to proposed amendments to section 1 (Definitions) and section 22 (Investigatory Powers) of MFDA By-law No. 1
 2020-05-07
Request for Comment: Proposed Amendments to MFDA Policy No. 9 (Continuing Education (“CE”) Requirements)
 2020-03-26
Notice of BCSC non-objection to proposed amendments to sections 3.3 (Election and Term), 3.6.1 (Governance Committee) and 4.7 (Quorum) of MFDA By-law No. 1
 2020-01-30
Request for comment: Proposed Amendments to MFDA Rule 1.1.2 (Compliance by Approved Persons)
 2020-01-30
Notice of BCSC non-objection to proposed amendment to subsection 24.A.4 (Provision of Information by Ombudservice) of MFDA By-law No. 1
 2019-12-12
Proposed Amendments to MFDA Rule 1.1.1(a) (Business Structures - Members)
 2019-10-24
Notice of BCSC non-objection to proposed new MFDA Rule 1.2 (Definitions) and 1.2.6 (Continuing Education) and Policy No. 9 (Continuing Education (“CE”) Requirements)
 2019-09-26
Request for comment: proposed amendment to MFDA Rule 2.3.1(b) (Discretionary Trading) and Rule 2.2.5 (Relationship Disclosure)
 2019-04-04
Request for comment: proposed amendment to subsection 24.A.4 (Provision of Information by Ombudservice) of MFDA By-law No. 1
 2019-03-28
Request for comment: proposed definition of “records” in section 1 of MFDA Bylaw No. 1 and proposed amendments to section 22 (Examinations and Investigatory Powers) of MFDA Bylaw No. 1
 2019-03-21
Request for comment: proposed amendments to sections 3.3 (Election and Term), 3.6.1 (Governance Committee) and 4.7 (Quorum) of MFDA By-law No. 1
 2019-03-14
Notice of BCSC deemed non-objection to proposed amendments to MFDA Form 1
 2018-12-27
Notice of BCSC non-objection to proposed new MFDA Rule 2.13 and Policy No. 10 (Disclosure of MFDA Membership)
 2018-04-12
Request for Comment: Proposed MFDA Rules 1.2 (Definitions), 1.2.6 (Continuing Education), and Proposed MFDA Policy No. 9 - Continuing Education (CE) Requirements
 2018-03-22
Notice of BCSC deemed non-objection to proposed amendments to MFDA Rule 5.3 (Client Reporting) and Policy No. 7 (Performance Reporting)
 2018-01-04
Notice of withdrawal of proposed amendments to MFDA Rule 5.3.2 (Content of Account Statement)
 2017-10-19
Notice of BCSC non-objection to proposed new MFDA Policy No. 8 (Proficiency Standard for Approved Persons Selling Exchange Traded Funds)
 2017-07-20
Request for Comment: Proposed MFDA Rule 2.13 and Policy No. 10 (Disclosure of MFDA Membership) Notice of BCSC Non-Objection, December 27, 2018
 2017-06-29
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rule 2.3 (Power of Attorney/ Limited Trading Authorization/ Discretionary Trading) and related policies
 2017-01-19
Request for Comment: Proposed Amendments to MFDA Rule 1.2.5 (Misleading Business Titles Prohibited)
 2016-10-27
Request for Comment: Proposed New MFDA Policy No. 8 Proficiency Standard for Approved Persons Selling Exchange Traded Funds (“ETFs”)
 2016-06-30
Notice of BCSC Non-objection to Proposed Amendments to MFDA Rules 1.2 (Individual Qualifications), 1.3 (Outside Activity) and 1.4 (Reporting Requirements)
 2016-03-17
Request for Comment: Proposed Amendments to MFDA Rule 2.3 (Power of Attorney Limited Trading Authorization Discretionary Trading)
 2016-03-10
Housekeeping Amendments to MFDA Rule 5.3 (Client Reporting) and MFDA Policy No. 7 (Performance Reporting)
 2015-06-25
Mutual Fund Dealers Association of Canada Proposed Amendments to MFDA Rule 5.3.2 (Content of Account Statement)
 2015-06-18
Mutual Fund Dealers Association of Canada Proposed Amendments to MFDA Rule 1.2 (Individual Qualifications)
 2015-06-18
Notice of BCSC Deemed Non-Objection to Proposed Amendments to MFDA Rule 2.4.2 (Referral Arrangements)
 2015-03-19
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rules 2.8.3 (Rates of Return), 5.3 (Client Reporting) and 5.4 (Trade Confirmations)
 2014-12-18
Notice of BCSC Non-Objection to Proposed Amendments to MFDA By-law No. 1 and Articles of Continuance
 2014-07-03
Request for Comment: Proposed Amendments to MFDA Rules 2.8.3 (Rates of Return), 5.3 (Client Reporting) and 5.4 (Trade Confirmations)
 2014-06-12
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rule 2.2.5 (Relationship Disclosure), Rule 2.4.4 (Transaction Fees or Charges) and Rule 5.4.2 (Trade Confirmations–Automatic Payment Plans)
 2014-05-29
Request for Comment: Proposed Amendments to MFDA Rules 2.2.5 (Relationship Disclosure), 2.4.4 (Transaction Fees or Charges) and 5.4.2 (Trade Confirmations - Automatic Payment Plans)
 2013-10-10
Notice of BCSC Non-Objection to Proposed Amendments to MFDA By-law No. 1 (Definitions), Rule 2.5.5 (Branch Manager) and Policy No. 2 Minimum Standards for Account Supervision
 2013-09-12
Request for Comment: Proposed Amendments to MFDA By-law No. 1 to Transition to Canada Not-for-profit Corporations Act
 2013-07-25
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rule 2.2.1 (Know-Your-Client) and Policy No. 2 (Minimum Standards for Account Supervision)
 2013-02-07
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Form 1
 2013-01-31
Request for Comment: Proposed amendments to MFDA By-law No. 1 (Definitions), MFDA Rule 2.5.5 (Branch Manager) and MFDA Policy No. 2 (Minimum Standards for Account Supervision)
 2013-01-04
Notice of BCSC Revocation of Non-Objection to Proposed Amendments to Sections 1 (Definitions) and 3 (Directors) of MFDA By-Law No. 1
 2012-12-13
Notice of BCSC Non-Objection to Proposed Amendments to Section 1 (Definitions) and 3 (Directors) of MFDA By-law No. 1
 2012-10-25
Notice of BCSC Non-Objection to Proposed Public Interest Amendments to MFDA Rule 3.3.2 (Segregation of Client Property – Cash)
 2012-04-13
Notice of BCSC Non-Objection to Proposed Public Interest Amendments to MFDA Rule 5.3 – Client Reporting
 2012-03-02
Proposed Amendments to Sections 1 (Definitions) and 3 (Directors) of MFDA By-Law No. 1
 2011-11-04
Request for Comment: Proposed amendments to MFDA Rule 5.3 (Client Reporting)
 2011-10-28
Notice of BCSC Non-Objection to Proposed Public Interest Amendments to MFDA Form 1 – Financial Questionnaire and Report
 2011-09-30 
Request for Comment: Proposed amendments to MFDA Rule 2.2.1 (Know-Your Client) and MFDA Policy No. 2 (Minimum Standards for Account Supervision)
 2011-07-08
Notice of BCSC revocation of non-objection to proposed amendments to MFDA Rule 1.2.1(d)(vii)(A) - Dual Occupations - Financial Planning
 2011-07-08
Notice of BCSC Non-Objection to Amendments to MFDA Form 1 and the related Auditors' Reports
 2011-03-25
Proposed Amendment to MFDA Form 1
 2011-03-16
Notice of BCSC Non-Objection to Proposed New MFDA Rule 2.4.4 (Transaction Fees or Charges) and Amendments to MFDA Rule 5.1 (Requirement for Records)
 2011-02-18
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rule 3.1.1 (Capital – Minimum Levels) and Form 1 – Financial Questionnaire and Report
 2011-01-21
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rules and Policy No. 6 Resulting from National Instrument 31-103 Registration Requirements and Exemptions
 2010-10-29
Proposed Amendments to MFDA Rule 3.1.1 and MFDA Form 1 - Financial Questionnaire and Report
 2010-08-13
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rule 2.2 (Client Accounts), Policy No. 2 Minimum Standards for Account Supervision, Rule 2.8 (Client Communications) and Rule 5.3 (Client Reporting)
 2010-07-16
Notice of BCSC Non-Objection to MFDA’s Amended Rules of Procedure
 2010-07-16
Proposed New MFDA Rule 2.4.4 (Transaction Fees or Charges) and Proposed Amendments to MFDA Rule 5.1 (Requirement for Records)
 2010-06-25
Proposed Amendments to MFDA Rule 3.3.2 (Segregation of Client Property - Cash)
 2010-06-25
Notice of BCSC Non-Objection to Rescission of Proposed Housekeeping Amendment to MFDA Rule 1.1.7 - Business Names, Styles, etc.
 2010-04-30
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Rule 2.4.1 - Payment of Commissions to Unregistered Corporation
 2010-03-26
Notice of BCSC Non-Objection to Proposed Amendments to Section 35 of MFDA By-law No. 1 - No Action Against the MFDA Investment Protection Corporation
 2010-02-19
Proposed Consequential Amendments to MFDA Rules and Policy No. 6
 2009-12-23
Notice of BCSC Non-Objection to Proposed Amendments to the MFDA’s Policy No. 3 - Complaint Handling, Supervisory Investigations and Internal Discipline
 2009-12-18
Second Publication for comment of proposed amendment to Section 1 (Definitions) and 3 (Directors) of MFDA By-law No. 1
 2009-08-28
Proposed amendments to MFDA By-law No. 1 related to Directors
 2009-08-21
Proposed amendments to MFDA Rules of Procedure
 2009-07-31
Proposed amendments to section 35 of MFDA By-law No.1 (No Action against the Corporation)
 2009-06-26
Publication for comment of proposed amendments to MFDA Rule 2.4.1 - Payment of Commissions to Unregistered Corporations
 2009-06-19
Amended second publication for comment of proposed amendments to MFDA Rule 2.2 (Client Accounts), Policy No. 2 - Minimum Standards for Account Supervision, Rule 2.8 (Client Communications) and Rule 5.3 (Client Reporting) to implement core principles of the Client Relationship Model
 2009-05-08
Second publication for comment of proposed amendments to MFDA Rule 2.2 (Client Accounts), Policy No. 2 - Minimum Standards for Account Supervision, Rule 2.8 (Client Communications) and Rule 5.3 (Client Reporting) to implement core principles of the Client Relationship Model
 2009-04-24
Notice of BCSC Non-Objection to MFDA's proposed amendments to Rule 1.2.1(d)(vii) - Dual Occupations - Financial Planning
 2009-04-24
Second publication for comment of proposed amendments to MFDA Policy No. 3 - Handling Client Complaints
 2009-03-13
Notice of Extension to the Suspension of MFDA Rule 2.4.1
 2008-12-19
Notice of BCSC Non-Objection to Proposed Housekeeping Amendments to MFDA Rule 2.3 - Power of Attorney/Limited Trading Authorization
 2008-12-12
Notice of BCSC Non-Objection to Proposed Amendments to MFDA Recognition Order and By-law No. 1 re: Directors
 2008-11-28
Notice of BCSC non-objection to the MFDA’s proposed public interest amendments to Rule 1.1.6 - Introducing and Carrying Arrangement
 2008-11-21
Request for Comment to Proposed amendments to MFDA Rule 2.6 - Borrowing for Securities Purchases
 2008-10-03
Notice of BCSC non-objection to MFDA's proposed housekeeping amendments to Policy No. 4
 2008-09-26
Notice of BCSC non-objection to MFDA's proposed housekeeping amendments to Rule 1.1.7
 2008-09-26
Notice of BCSC non-objection to MFDA's proposed housekeeping amendments to Rule 4
 2008-09-26
Notice of BCSC non-objection to MFDA's proposed housekeeping amendments to Rule 2.3
 2008-09-26
Notice of BCSC non-objection to MFDA's proposed housekeeping amendments to Policy No. 1
 2008-09-26
Notice of BCSC non-objection to MFDA's proposed housekeeping amendments to Rule 3
 2008-09-26
Notice of BCSC non-objection to MFDA's proposed public interest amendments to Section 11 of By-law No. 1
 2008-09-26
BCN 2008/40 Request for Comment Proposed Amendments to the MFDA's Recognition Order to Extend the Suspension of Rule 2.4.1 [BCN]
 2008-08-29
BCN 2008/37 Notice of BCSC Non-Objection to Proposed Amendments to section 24.3 of MFDA By-law No. 1 - Applications in Exceptional Circumstances [BCN]
 2008-08-01
Request for Comment: Proposed amendments to MFDA Rule 1.2.1 (D) (Salespersons - Dual Occupations)
 2008-06-27
Request for Comments on proposed amendments to MFDA Rule 2.8 (Client Communication) and Rule 5.3 (Client Reporting)
 2008-06-13
Request for Comments on proposed amendments to MFDA Rule 2.2 (Client Accounts) and Policy No. 2 - Minimum Standards for Account Supervision
 2008-06-13
Request for Comments on proposed amendments to MFDA Bylaw No. 1, Section 25.4 (Other Instruments)
 2008-06-13
Request for Comment: MFDA - Proposed Amendments to MFDA Rule 1.1.6 (Introducing and Carrying Arrangement)
 2008-05-30
BCN 2008/26 Request for Comment Proposed amendments to the MFDA's Recognition Order and the definition of "Public Director" in its Bylaw No. 1.
 2008-05-23
Request for Comment: MFDA - Member Approval Process (section 11 of By-law No. 1)
 2007-09-21
Housekeeping Amendments to Form 1 - Financial Questionnaire and Report
 2007-09-07
Notice of Non-Objection: MFDA hearing panels (Section 19.9 of By-law No. 1)
 2007-07-20
Request for Comment MFDA - Handling Client Complaints (Policy 3)
 2007-07-13
Notice of Non-Objection: MFDA information reporting requirements, notification of changes in registration information and consequential amendments (Policy Nos. 3 and 6 and Rules 1.2.5 and 1.2.6)
 2007-06-08
Notice of BCSC Non-Objection to Housekeeping Amendment to MFDA By-law No. 1, Section 1 Preamble to Definitions
 2006-12-21
Notice of BCSC Non-Objection to Housekeeping Amendment to MFDA By-law No. 1 Definition of Control
 2006-12-21
Notice of BCSC Non-Objection to Housekeeping Amendment to MFDA Rule 1.2.4 Currency of Courses
 2006-12-21
Notice of Non-Objection: MFDA Calculation of Risk Adjusted Capital (Rules 3.2.2, 3.2.5, and Form 1)
 2006-12-01
Request for Comment: MFDA Proposed Policy 6 - Information Reporting Requirements, Notification of Change in Registration Information (Rule 1.2.5) and Consequential Amendments
 2006-10-27
Request for Comment: MFDA - Suspensions in Certain Circumstances (Section 24.3 of By-law No.1) and Related Provisions of By-law No.1
 2006-10-27
Request for Comment: MFDA - Hearing Panels (Section 19.9 of By-law No.1)
 2006-10-27
Request for Comment: MFDA Calculation of Risk Adjusted Capital (Rules 3.2.2, 3.2.5, and Form 1)
 2006-07-28
Document Published