Request for Comment – Proposed Amendments to MFDA Rule 2.3.1(b) (Discretionary Trading) – Mutual Fund Dealers Association of Canada (MFDA)

 
The MFDA is publishing for public comment proposed amendments (Proposed Amendments) to MFDA Rule 2.3.1(b) which currently prohibits a Member or Approved Person from engaging in discretionary trading.

The objective of the Proposed Amendments is to allow Members to engage in very limited discretionary trading in respect of mutual fund model portfolios offered by Members. 

The MFDA notes that it will work collaboratively with the Canadian Securities Administrators to ensure that there is appropriate regulatory oversight in respect of any discretionary activity undertaken by Members. 

A copy of the MFDA Notice, including the text of the Proposed Amendments, is published on our website at www.osc.gov.on.ca. The comment period ends on August 2, 2019.