The Mutual Fund Dealers Association of Canada (MFDA) published its Strategic Plan for 2018 to 2022 on June 19.
"The new MFDA Strategic Plan focuses on supporting Member innovation, strengthening collaboration with key stakeholders, enhancing Member and advisor education and assessing and updating regulatory standards and internal processes to ensure effective and efficient regulation that protects the investing public." said Mark Gordon, President and Chief Executive Officer.
Challenges and opportunities
"The new Strategic Plan recognizes that drivers of changes within the financial services industry such as policy reforms, changes to the regulatory framework, an aging demographic and the development of new technologies present challenges and opportunities for the MFDA and its membership," Gordon added.
Among the MFDA’s goals outlined in the plan is supporting members innovation “that increases efficiencies and/or expands investor choice, while at the same time, meets regulatory requirements.”
The MFDA’s key initiatives related to this goal include developing a Cybersecurity Plan to identify risks within the membership and providing information and guidance about threats, breaches and best practices. The MFDA’s plan also includes modernizing rules to reflect technological innovations and changes to Member operations.
To learn more, consult the 2018-2022 Strategic Plan on the MFDA’s website.