News Release

IFIC Makes Submission to MFDA on Limited Trading Authorization

March 24, 2021 (Toronto) – The Investment Funds Institute of Canada (IFIC) today filed its submission to the Mutual Fund Dealers Association of Canada (MFDA) responding to Bulletin #0847-P, Proposed Amendments to MFDA Rules 2.3.2 and 2.3.3 – Limited Trading Authorization.

In its submission, IFIC indicated full support for the proposed amendments to Bulletin #0847-P, which includes the removal of the obligation to use the Limited Trading Authorization form to evidence client transaction authorization. The amendment would allow dealers to do so in a manner that best suits their operations.

About IFIC

The Investment Funds Institute of Canada is the voice of Canada’s investment funds industry. IFIC brings together 150 organizations, including fund managers, distributors and industry service organizations, to foster a strong, stable investment sector where investors can realize their financial goals. By connecting Canada’s savers to Canada’s economy, our industry contributes significantly to Canadian economic growth and job creation.

For more information, please contact:

Pira Kumarasamy
Senior Manager, Communications and Public Affairs
pkumarasamy@ific.ca
416-309-2317