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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.
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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