MFDA readies second edition of client research project

first_img Share this article and your comments with peers on social media MFDA warns dealers about conflicts created by fundco promos The next edition of a research project that gives the Mutual Fund Dealers Association of Canada (MFDA) deeper insight into industry trends and emerging risks will be launching in the spring of 2019, the self-regulatory organization announced on Monday.The second edition of the MFDA’s client research project will be based on data to Dec. 31, 2018, the MFDA says in a bulletin. Fund dealers can expect a mandatory data request to be issued in the fall, with the deadline for firms to submit their data being March 15, 2019.Also readMFDA announces 2018 client research projectThe timeline will give firms sufficient time to collect the required data, “and to align the annual cost and performance information with market value information,” the bulletin states.The bulletin aims to clarify the MFDA’s plans for its client research project and address industry feedback on those plans, including the SRO’s data security preparations. It also provides insight into the objectives of the project.“Data collected will be used to identify areas of [dealer] operations that are higher in risk and may require additional regulatory focus,” the bulletin states, and the data collection plan will enable the MFDA, “to more effectively identify potential issues with specific [rep] activity.” MFDA proposes allowing dealers to directly manage model portfolios Facebook LinkedIn Twitter Fund dealers focus on middle-class investors Keywords Mutual fund dealersCompanies Mutual Fund Dealers Association James Langton Related news Business and financial report with laptop Accounting economic nonwarit/123RFlast_img

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