Mutual Fund Dealers Association
| Abbreviation | MFDA |
|---|---|
| Formation | 1998 |
| Type | Organizations based in Canada |
| Legal status | active |
| Purpose | monitors members for compliance and enforces regulations through quasi-judicial proceedings |
| Headquarters | Toronto, Ontario, Canada |
Region served | Canada |
| Membership | Canadian mutual fund providers |
Official language | English, French |
| Budget | C$33.284M (FY2020) |
| Website | www |
The Mutual Fund Dealers Association of Canada (MFDA) was a Canadian self-regulatory organization (SRO) that provided oversight to dealers that distribute mutual funds and exempt fixed income products. It was licensed under all Canadian provincial securities regulators (except Quebec, where it cooperates with the Autorité des marchés financiers (AMF) instead). Its members consisted of the distribution side of the industry that typically provide mutual funds and exempt fixed income products to Canadians through financial planners.
It worked in parallel to another Canadian SRO, the Investment Industry Regulatory Organization of Canada (IIROC), which was responsible for the distribution of equities, exchange traded funds (ETFs), and other exchange traded products such as closed-end funds.
On January 1, 2023, the MFDA was merged into the Canadian Investment Regulatory Organization (CIRO).