The Mutual Fund Dealers Association of Canada (MFDA) on Wednesday issued a call to nominate candidates for election to its four regional councils.
The regional councils — Atlantic, Central, Prairie, and Pacific — provide industry personnel to sit on the panels that run and adjudicate the MFDA’s disciplinary proceedings.
“Nominees should have a strong background in compliance and have held senior positions within the industry and their … firms for a number of years,” the MFDA says a bulletin.
The chair of each council also serves on the MFDA’s policy advisory committee.
Each mutual fund dealer can nominate two candidates to serve on each council where the dealer has at least one branch. Elected representatives will serve two-year terms, starting June 7.
Nominations are due by April 20.