{"id":277940,"date":"2010-02-21T15:02:00","date_gmt":"2010-02-21T20:02:00","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/uncategorized\/regulators-approve-changes-to-mfda-contingency-fund\/"},"modified":"2010-02-21T15:02:00","modified_gmt":"2010-02-21T20:02:00","slug":"regulators-approve-changes-to-mfda-contingency-fund","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/from-the-regulators\/regulators-approve-changes-to-mfda-contingency-fund\/","title":{"rendered":"Regulators approve changes to MFDA contingency fund"},"content":{"rendered":"<p>Securities regulators have approved amendments to the by-laws governing the mutual fund industry\u2019s contingency fund, extending liability protection to the fund, as well as codifying the relationship between fund dealers and the fund.<BR><BR>In Friday\u2019s OSC Bulletin, the Ontario Securities Commission reports that it, and several other regulators, have approved proposed amendments to the by-laws of the Mutual Fund Dealers Association of Canada concerning the industry contingency fund, the MFDA Investor Protection Corp. <BR><BR>\u201cThe amendments extend the protection from actions and proceedings by MFDA members and [reps] to the MFDA IPC. In addition, the amendments codify the relationship between MFDA members and the MFDA IPC and the obligations of MFDA members with regard to that relationship,\u201d it says.<BR> <BR>The proposed amendments were published for comment on June 26, 2009, drawing four comments, from: the Independent Financial Brokers of Canada, the Investment Funds Institute of Canada, Portfolio Strategies Corp., and Royal Mutual Funds Inc. and Phillips, Hager &#038; North Investment Funds Ltd. <BR><BR>The regulators published a summary of those comments and the MFDA\u2019s responses, adding that no material changes were made in response to the comments.<BR><BR><b>IE<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Liability protection extended to MFDA Investor Protection Corp.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2312,2324],"tags":[],"yst_prominent_words":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/277940"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=277940"}],"version-history":[{"count":0,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/277940\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=277940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=277940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=277940"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=277940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}