On September 15, 2017, the Canadian Securities Administrators ("CSA") released their Oversight Review Report of the Mutual Fund Dealers Association of Canada (MFDA), covering the period from August 1, 2015 to January 31, 2017. The review was conducted jointly by the Alberta Securities Commission, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Manitoba Securities Commission, the Nova Scotia Securities Commission, and the Ontario Securities Commission. CSA staff concluded that the MFDA had made sufficient progress towards resolving the specific issues that the CSA had raised in previous oversight review reviews. Additionally, the Report makes one medium priority finding (in the Financial Compliance department) and one low priority finding (in the Enforcement department}.
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