The Canadian Securities Administrators today released an oversight review report that reviews the performance of the Mutual Fund Dealers Association of Canada (MFDA) over the last few years. The report, which covers such topics as the MFDA's corporate governance, enforcement of members and policy-making procedures, ultimately concludes that the MFDA has met the terms and conditions of the applicable recognition orders granted by securities regulators. Areas identified for corrective action are also set out. According to the report, CSA Staff are generally satisfied with the MFDA's responses to stated concerns.
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