IIAC FORMS NEW WORKING GROUP ON MFDA PROPOSED NEW POLICY NO. 11
The IIAC is forming a working group to comment on the MFDA’s Proposed Policy No. 11 (Proficiency Standards for the Sale of Alternative Mutual Funds).
On January 3, 2019, certain amendments to National Instrument 81-102 - Investment Funds (NI 81-102), came into force. These amendments implement the final phase of the CSA’s Modernization of Investment Fund Product Regulation Project, and introduce a new category of mutual fund, “alternative mutual funds”, to Canadian retail investors. Proposed new MFDA Policy No. 11 is intended to establish proficiency requirements for the distribution of alternative mutual funds by MFDA Members and Approved Persons.
Comments are due January 25, 2022. If you are interested in participating, please contact Michelle Alexander.