Notice of Withdrawal – Proposed Amendments to MFDA Rules 2.3.1(b) (Discretionary Trading) and 2.2.5 (Relationship Disclosure) – Mutual Fund Dealers Association of Canada (MFDA)

 
The MFDA has published a Notice withdrawing proposed amendments to MFDA Rule 2.3.1(b) (Discretionary Trading) and consequential amendments to Rule 2.2.5 (Relationship Disclosure) (the Proposed Amendments). The intent of the Proposed Amendments was for the MFDA to be responsive to Member requests for regulatory flexibility in allowing very limited discretionary trading in respect of mutual fund model portfolios offered by Members. The Proposed Amendments were published for public comment on April 4, 2019. See MFDA – Proposed Amendments to MFDA Rule 2.3.1(b) (Discretionary Trading) – OSC Staff Notice of Request for Comment (2019), 42 OSCB 3316.

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