Notice of Commission Approval – Amendments to MFDA Rule 1.2.1(d) Regarding Financial Planning Services as a Dual Occupation – Mutual Fund Dealers Association of Canada (MFDA)

Market Regulation Document Type
MFDA rule review

 
The Ontario Securities Commission has approved amendments to MFDA Rule 1.2.1(d) regarding financial planning services as a dual occupation. In addition, the Alberta Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission, Nova Scotia Securities Commission and Saskatchewan Financial Services Commission approved, and the British Columbia Securities Commission did not object to the amendments. The amendments are intended to clarify the circumstances in which financial planning services can be conducted by an MFDA Approved Person as an outside business activity.

The MFDA's proposal was published for comment on June 27, 2008 at (2008) 31 OSCB 6693 and two comment letters were received. The MFDA's summary of comments and its response are being published in Chapter 13 of this Bulletin.