The Mutual Fund Dealers Association of Canada will hold its annual meeting on March 4 in Toronto, the MFDA said Monday.

Back in November the MFDA decided to delay the annual meeting that was slated for Dec. 3, in light of the fact that certain by-law changes had yet to be approved by the securities commissions that oversee the MFDA; and were being challenged by one of its members, Partners in Planning Financial Services Inc., which has asked the British Columbia Securities Commission for a review.

“As a result of the filing of the request for review and the time required to have the matter heard, the MFDA has not been in a position to determine whether [the proposed by-law no. 15] can be expected to be effective for the 2009 annual general meeting or whether it should proceed on another basis,” the MFDA said at the time.

In a bulletin released Monday, the MFDA said that while that by-law still hasn’t been approved by the relevant regulators, “the board is of the view that it is in order in the circumstances to hold an AGM under the current by-laws as soon as practically possible.”

Therefore, it has called an AGM to be held on March 4. “While recognizing that an early meeting is desirable, the MFDA is mindful of the fact that members require time to plan attendance and prepare for the meeting, and that a meeting in February would not be convenient for many members (the conclusion of RRSP season and the Vancouver Olympics being considerations),” it noted.

IE