MFDA proposes codifying minimum standards for leverage suitability

Posted on July 21, 2011

The Mutual Fund Dealers Association of Canada (MFDA) recently released proposed amendments to the MFDA's "Know-Your-Client" rule (Rule 2.2.1) to clarify that suitability obligations extend to leveraging recommendations and to establish transparent minimum regulatory standards in assessing leverage suitability. The MFDA is accepting comments on its proposals until October 6. For more information, see MFDA Bulletin #0487-P.

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