Download MFDA Strategic Priorities and Initiatives

Federation of Mutual Fund Dealers
Toronto, ON
April 26, 2016
Member Education and Proficiency
Member Education and Proficiency
• Continuing Education
• ETF’s
• Financial Planning Titles
• Best Practices in the Advisory Process
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Compliance Update
Agenda
• Round 5 – Sales Examination Process Changes
• Focus on Fees
• Additional Reforms to Improve Suitability
Standards
• Other Initiatives
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Round 5 - Sales Examination Changes
• Updated trade blotter request
• Access to the Member’s system
• Risk model
• CRM2/POS3
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Focus On Fees
• DSC
• Fee-based programs
• Premium/Investor Series Funds
• Sales Incentives and Conflicts of Interest
• Expanding Charges and Compensation Reporting
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Additional Reforms to Improve Suitability
Standards
• Enhance supervision
 DSC trades
 Concentration limits
• Enhance KYC standards
 Comprehensive standards to assess KYC
 Frequency of updates
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Other Initiatives
• Charges and Compensation Report
• Client Research
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Enforcement Update
Insurance Regulators
• FSCO
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MOU 2014
Ontario Expert Committee
Reciprocal Discipline
Equivalent Standards - Suitability
Joint investigations
Fine Collection
• Other jurisdictions
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OBSI
• Independent Review
• Industry Comments
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Fairness harmonized with regulatory standards
In consultation with Members and other stakeholders
Transparent principles and case examples
Followed consistently by OBSI staff
Applied impartially
• Process for impasse cases
• OBSI regional meetings with Members
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Questions