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Mutual Fund Dealers Association
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<h2 id="history">History</h2> <p>The MFDA was created in June 1998 through an initiative by the <a href="/facts/Canadian_Securities_Administrators/X29GeLWd">Canadian Securities Administrators</a> (CSA) in response to the rapid growth of mutual funds in Canada in the late 1980s. </p><p>As of July 2013, the MFDA represented 115 mutual fund dealer members. These members include 81,134 approved persons and $359.4 billion in investor assets, commonly referred to as Assets under Administration (AUA).<a class="footnote-ref" id="fnref:2" href="#fn:2"><sup>2</sup></a> </p><p>As of September 2018, the MFDA represented 91 mutual fund dealer members. These members include 80,177 approved persons and $561 billion in Assets under Administration ("AUA"). </p><p>As of October 2019, the MFDA represented 90 mutual fund dealer members. These members include 79,789 approved persons and $570.968 billion in Assets under Administration. </p><p>As of February 2020, the MFDA represented 91 mutual fund dealer members. These members include 78,256 approved persons and $573.664 billion in Assets under Administration. </p><p>In January 2023 MFDA merged with the Investment Industry Regulatory Organization of Canada (IIROC) to form the <a href="/facts/Canadian_Investment_Regulatory_Organization/xmo30T3A">Canadian Investment Regulatory Organization</a> (CIRO).<a class="footnote-ref" id="fnref:3" href="#fn:3"><sup>3</sup></a><a class="footnote-ref" id="fnref:4" href="#fn:4"><sup>4</sup></a> </p> <h2 id="purpose-and-structure">Purpose and structure</h2> <p>The MFDA regulated the operations, standards of practice and business conduct of its members and their representatives with a mandate to enhance investor protection and strengthen public confidence in the Canadian mutual fund industry.<a class="footnote-ref" id="fnref:5" href="#fn:5"><sup>5</sup></a> </p><p>The mutual fund dealerships collectively and formally represented themselves to the MFDA through the Federation of Mutual Fund Dealers, which later rebranded as the Federation of Independent Dealers.<a class="footnote-ref" id="fnref:6" href="#fn:6"><sup>6</sup></a> </p> <h2 id="see-also">See also</h2> <ul><li><a href="/facts/Canadian_securities_regulation/KWLjeoa6">Canadian securities regulation</a></li> <li><a href="/facts/Autorit%C3%A9_des_march%C3%A9s_financiers_(Qu%C3%A9bec)/32rX7VG6">Autorité des marchés financiers (Québec)</a></li></ul> <h2 id="external-links">External links</h2> <ul><li><a href="http://mfda.ca/">Official website</a></li></ul> <h2 id="references">References</h2> <ol> <li id="fn:1"><p>"Mutual Fund Dealers Association of Canada (MFDA)". Ontario Securities Commission. Retrieved 2024-12-24. <a href="https://www.osc.ca/en/industry/market-regulation/self-regulatory-organizations-sro/predecessor-self-regulatory-organizations/mutual-fund-dealers-association-canada-mfda" target="_blank">https://www.osc.ca/en/industry/market-regulation/self-regulatory-organizations-sro/predecessor-self-regulatory-organizations/mutual-fund-dealers-association-canada-mfda</a> <a href="#fnref:1" class="footnote-back-ref">↩</a></p></li> <li id="fn:2"><p>"Membership Statistics | MFDA". <a href="http://www.mfda.ca/members/memberstats.html" target="_blank">http://www.mfda.ca/members/memberstats.html</a> <a href="#fnref:2" class="footnote-back-ref">↩</a></p></li> <li id="fn:3"><p>"New single Canadian SRO officially launched". 17 May 2023. <a href="https://www.ciro.ca/news-room/publications/new-self-regulatory-organization-canada-and-canadian-investor-protection-fund-officially-launch" target="_blank">https://www.ciro.ca/news-room/publications/new-self-regulatory-organization-canada-and-canadian-investor-protection-fund-officially-launch</a> <a href="#fnref:3" class="footnote-back-ref">↩</a></p></li> <li id="fn:4"><p>"CIRO name approved". 18 May 2023. <a href="https://www.ciro.ca/news-room/publications/new-sro-members-approve-new-name" target="_blank">https://www.ciro.ca/news-room/publications/new-sro-members-approve-new-name</a> <a href="#fnref:4" class="footnote-back-ref">↩</a></p></li> <li id="fn:5"><p>"Home". mfda.ca. <a href="http://www.mfda.ca/" target="_blank">http://www.mfda.ca/</a> <a href="#fnref:5" class="footnote-back-ref">↩</a></p></li> <li id="fn:6"><p>"History | Federation of Independent Dealers". Federation of Independent Dealers. Retrieved 2024-12-24. <a href="https://www.independentdealers.ca/history" target="_blank">https://www.independentdealers.ca/history</a> <a href="#fnref:6" class="footnote-back-ref">↩</a></p></li> </ol>