Securities regulators have approved proposed amendments to various Mutual Fund Dealers Association of Canada rules to ensure they are consistent with the provincial regulators’ requirements under their registration reform rules.

The amendments were published for a 90-day comment period in December 2009, and the MFDA received six comment letters on the proposed amendments. A summary of those comments, and the MFDA’s responses to them, are published in Friday’s OSC Bulletin, along with the revised rules.

The bulletin notes that some of the proposed amendments have been put on hold pending proposed revisions to similar requirements under the registration reform rules. This includes changes dealing with proficiency requirements, referral arrangements and the content of account statements.

IE