Canada:
MFDA Proposes Codifying Minimum Standards For Leverage Suitability
25 July 2011
Stikeman Elliott LLP
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The Mutual
Fund Dealers Association of Canada
(MFDA) recently released proposed amendments to the MFDA's
"Know-Your-Client" rule (Rule
2.2.1) to clarify that suitability obligations extend to
leveraging recommendations and to establish transparent minimum
regulatory standards in assessing leverage suitability. The
MFDA is accepting comments on its proposals until October 6.
For more information, see MFDA Bulletin #0487-P.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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