ARTICLE
4 November 2011

MFDA Proposes Amendments To Client Reporting Requirements

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The Mutual Fund Dealers Association of Canada (MFDA) proposed amendments today intended to ensure consistency between its rules respecting the delivery of client account statements with those found in NI 31-103.
Canada Finance and Banking

The Mutual Fund Dealers Association of Canada (MFDA) proposed amendments today intended to ensure consistency between its rules respecting the delivery of client account statements with those found in NI 31-103. As such, the proposal would eliminate the distinction between delivery requirements for accounts held in client and nominee name and adopt the requirement for registered dealers to deliver a statement to all clients at least once every three months.

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