Notice of Coming into Effect of Memorandum of Understanding Regarding the Oversight of the Mutual Fund Dealers Association of Canada (MFDA)

On January 28, 2021, the Commission published the amended memorandum of understanding (MOU) regarding the oversight of the Mutual Fund Dealers Association of Canada (MFDA) among the Commission and Alberta Securities Commission; British Columbia Securities Commission; Manitoba Securities Commission; Financial and Consumer Services Commission (New Brunswick); Office of the Superintendent of Securities, Northwest Territories; Nova Scotia Securities Commission; Office of the Superintendent of Securities, Nunavut; Prince Edward Island Office of the Superintendent of Securities; Financial and Consumer Affairs Authority of Saskatchewan; and Office of the Yukon Superintendent of Securities (together with the Commission, the Recognizing Regulators).

The amended MOU came into effect on April 1, 2021 pursuant to section 143.10(4) of the Securities Act (Ontario).

The MOU amends and restates an existing MFDA MOU, which came into effect on October 2, 2013. The MFDA MOU is being amended as part of the Recognizing Regulators' project aimed to increase regulatory efficiency by streamlining and harmonizing the oversight regime of the MFDA.