TORONTO, July 9, 2018 /CNW/ - The MFDA is launching an Outreach Program to enhance its existing stakeholder engagement initiatives and ensure that it continues to regulate in a manner that is effective, responsive and practical.
The program will involve stakeholder outreach in three key areas: Member Outreach, Innovation Outreach and Investor Outreach.
"The MFDA is committed to engaging in open communication and collaboration with all our stakeholders to assist us in achieving our regulatory objectives." said Mark Gordon, President and Chief Executive Officer. "This outreach initiative will help us in maintaining our knowledge of industry trends, new technology, products and business models to ensure that our regulatory requirements and approach reflect the nature and reality of the changing financial services industry. In addition, this initiative will assist us in identifying risks that pose harm to investors and ways to protect investors that are practical, appropriate and effective."
MFDA staff will be contacting Members directly to determine their interest in providing feedback on a variety of issues and their preference in terms of how to engage in further communication (e.g. focus groups, surveys, or one-on-one meetings).
The MFDA also plans to broaden the scope of investors and investor advocates with whom it consults with to better understand investor needs.
The MFDA is the self-regulatory organization for Canadian mutual fund dealers, regulating the operations, standards of practice and business conduct of its Members and their approximately 82,000 Approved Persons with a mandate to protect investors and the public interest. For more information about the MFDA's complaint and enforcement processes, as well as links to 'Check an Advisor' and other Investor Tools, visit the For Investors page on the MFDA website.
SOURCE Mutual Fund Dealers Association of Canada
For further information: Ken Woodard, Director, Communications and Membership Services, Phone: 416-943-4602, E-mail: email@example.com