The OSC recently approved amendments to Mutual Fund Dealers Association of Canada (MFDA) Rule 5.3 – Client Reporting and MFDA Policy No. 7 – Performance Reporting. The amendments codify the relief orders issued by the Canadian Securities Administrators on May 21, 2015 which included an extension of the transition period applicable to certain CRM2 obligations.
The amendments will come into force on a date to be determined by the MFDA. For further information, please consult the OSC Staff’s Notice of Approval and the MFDA notice.
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