Mutual fund dealers no longer have to file their monthly financials with the Alberta Securities Commission.

In a letter to Alberta-based fund dealers, the ASC says that, starting with October, firms that are members of the Mutual Fund Dealers Association no longer have to file their monthly financials with the provincial regulator. Instead, they can just file with the MFDA.

Dealers will still have to file their annual financials with the regulator, and the ASC can request access to monthly financials if it deems it necessary.