Mackenzie Financial Corp. has received a decision from regulators extending its relief from self-dealing restrictions to include new funds and securities.

The firm was seeking to replace an earlier decision delivering relief from self-dealing restrictions. The new decision provides the same exemptions from the mutual fund self-dealing prohibitions, but the relief has been expanded to include new related parties and additional funds as a result of a merger.

The original decision allowed funds advised by Mackenzie to invest in the securities of related companies, Power Corp. of Canada, Power Financial Corp. and Great-West Lifeco Inc., subject to certain conditions. Since then, Great-West bought Canada Life Financial Corp.

The new relief was extended to funds that owned Canada Life securities, which were purchased before it became affiliated with Mackenzie through their shared corporate parents.

As a condition of the relief, Mackenzie has established an Independent Review Committee to oversee the holdings, purchases or sales of securities of related companies for the funds.