Firms registered as mutual fund dealers that are members of the Mutual Fund Dealers Association of Canada (MFDA) and their respective representatives will not be as affected as other registrants by National Instrument 31-103, given the scope of regulation by the MFDA. MFDA members have been exempted from some of the rules set out in National Instrument 31-103, in recognition that the MFDA regulates the area and MFDA members must comply with MFDA by-laws, rules and policies (MFDA rules).

type Investment Management Advisory - August 2009 - What's New? National Instrument 31-103: Mutual Fund Dealers MFDA Members