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Mutual Fund Dealers Association
The Mutual Fund Dealers Association of Canada (MFDA) is a Canadian self-regulatory organization (SRO) that provides oversight to dealers that distribute mutual funds and exempt fixed income products. It is licensed under all Canadian provincial securities regulators (except Quebec, where it cooperates with the AMF instead). Its members consist of the distribution side of the industry that typically provide mutual funds and exempt fixed income products to Canadians through financial planners.
It works in parallel to another Canadian SRO, the Investment Industry Regulatory Organization of Canada (IIROC), which is responsible for the distribution of equities, ETFs, and other exchange traded products such as closed-end funds.
==History==
The MFDA was created in June 1998 through an initiative by the Canadian Securities Administrators (CSA) in response to the rapid growth of mutual funds in Canada in the late 1980s.
As of July 2013, it represented 115 mutual fund dealerships. These dealerships represent 81,134 salespeople, and 359.4 Billion dollars in investor assets, commonly referred to as Assets under Administration (AUA).〔http://www.mfda.ca/members/memberstats.html〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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