Policies and Procedures Manual Section (Financial and Operational Requirements) (Mutual Fund Dealer)

Summary

This precedent is a sample section of a Policies and Procedures Manual for a Canadian mutual fund dealer meant to ensure compliance with Canadian securities laws, including the Mutual Fund Dealer Rules . In 2023, the Investment Industry Regulatory Organization of Canada ("IIROC") and Mutual Fund Dealers Association ("MFDA") consolidated into the Canadian Investment Regulatory Organization ("CIRO"). CIRO is still in a transitional stage and established two sets of Interim Rules for investment dealers and mutual funds dealers, as well as a set of Universal Marketplace Integrity Rules. MFDA rules. The Mutual Fund Dealer Rules ("MDFR") that apply to MFDA members ("Mutual Fund Dealers") replace the MFDA Rules and Policies, and became effective on January 1, 2023. This section relates to the requirements surrounding conduct of the dealer's business, including outside activities and conflicts of interest.