Notice of Commission Order – Approval of the MFDA Application Regarding the MFDA Discretionary Fund – Mutual Fund Dealers Association of Canada (MFDA)

 
The Ontario Securities Commission issued an order pursuant to section 21.1(4) of the Securities Act (Ontario) to allow the Mutual Fund Dealers Association of Canada (MFDA) limited access to the MFDA discretionary fund in order to cover certain external advisor costs incurred by the MFDA in relation to the creation of the New SRO in accordance with subparagraph 10 (A)(v) of Schedule A of the MFDA Recognition Order.

The order takes effect on July 28, 2022 and is also published on the OSC website and in Chapter B.2 of the OSC Bulletin, dated July 28, 2022.

In addition, the British Columbia Securities Commission; the Alberta Securities Commission; the Financial and Consumer Affairs Authority of Saskatchewan; the Financial and Consumer Services Commission of New Brunswick; the Manitoba Securities Commission; the Nova Scotia Securities Commission; the Prince Edward Island Office of the Superintendent of Securities Office; Office of the Superintendent of Securities, Northwest Territories, Office of the Superintendent of Securities, Nunavut and Office of the Yukon Superintendent of Securities issued analogous approvals.