MFDA codifies standards for assessing suitability of leveraging

The Ontario Securities Commission has approved amendments to the Mutual Fund Dealers Association of Canada's Rule 2.2.1 and Policy No. 2 regarding suitability obligations in cases of leveraged borrowing. The changes will, among other things, codify minimum criteria standards for assessing the suitability of client leveraging and provide guidance on the type of documents MFDA members will be required to review and maintain to facilitate supervision of a leveraging strategy. The MFDA released proposed amendments on the subject in July 2011.

Trackbacks (0) Links to blogs that reference this article Trackback URL
http://www.canadiansecuritieslaw.com/admin/trackback/294399
Comments (0) Read through and enter the discussion with the form at the end
Post A Comment / Question Use this form to add a comment to this entry.







Remember personal info?