Industry


MUTUAL FUND DEALERS ASSOCIATION OF CANADA (MFDA)

PROPOSED AMENDMENTS TO MFDA RULE 5.3.2 (CONTENT OF ACCOUNT STATEMENT)

NOTICE OF WITHDRAWAL

The MFDA has published a Notice withdrawing proposed amendments to MFDA Rule 5.3.2 (Content of Account Statement) (the Proposed Amendments). The intent of the Proposed Amendments was to promote client awareness of the regulatory oversight exercised by the MFDA by requiring Members to disclose to clients, on account statements, that they are Members of, and regulated by, the MFDA. The Proposed Amendments were published for public comment on June 18, 2015. See MFDA – Proposed Amendments to MFDA Rule 5.3.2 (Content of Account Statement) – OSC Staff Notice of Request for Comment (2015), 38 OSCB 5666.

The MFDA is withdrawing the Proposed Amendments as it re-published for public comment revisions to proposed requirements relating to the disclosure of MFDA Membership under proposed MFDA Rule 2.13 (Disclosure of MFDA Membership) and proposed MFDA Policy No. 10 (Disclosure of MFDA Membership) on July 4, 2017.

A copy of the MFDA Notice is published on our website at http://www.osc.gov.on.ca.