REQUEST FOR COMMENT
MUTUAL FUND DEALERS ASSOCIATION OF CANADA (MFDA)
NOTICE OF PROPOSED CLIENT FOCUSED REFORMS RULE AMENDMENTS FOR PUBLIC COMMENT
The MFDA is publishing for public comment proposed rule amendments to make the MFDA requirements uniform in all material respects with the reforms to enhance the client-registrant relationship (Client Focused Reforms or CFRs) made to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103) by the Canadian Securities Administrators (CSA CFRs)1 . A copy of the MFDA Notice, including text of the proposed rule amendments for public comment, is published on our website at http://www.osc.gov.on.ca. The comment period ends on January 18, 2021.
The MFDA has also made housekeeping rule amendments2 to conform the MFDA’s rules to the CSA CFRs. The housekeeping rule amendments have been deemed to be approved and will be in effect on a date to be determined by the MFDA which will align with the implementation dates of the CSA CFRs3 . The Notice of Commission Deemed Approval and a copy of the MFDA notice for the housekeeping rule amendments, including text of the housekeeping rule amendments, are also published on our website at http://www.osc.gov.on.ca.