The Mutual Fund Dealers Association is calling on its members to nominate candidates for election to the MFDA’s four regional councils.

To be eligible, a nominee must be resident in the applicable region and be a partner, officer, director, employee or agent of a member dealer in that region.

“Nominees should have a strong background in compliance and have held senior positions within the industry and their member firms for a number of years,” the MFDA says.

Representatives serve two-year terms of office and are eligible to be selected as members of three-person hearing panels that are established from time to time to adjudicate MFDA disciplinary proceedings. Council members may also participate in meetings of their regional council to consider policy matters relevant to the MFDA.

The nomination process will be conducted on a region-by-region basis and will be open until Friday, March 26.

MFDA members will receive a nomination package for each region in which they have a head office or branch office.

The number of individuals to be elected to each council varies by region. The Central, Pacific and Prairie regions will each elect 20 representatives. The Atlantic region will elect 10 members.

If the number of eligible nominees in any region exceeds the number of available positions, the MFDA will co-ordinate a mail-in ballot process to elect representatives to the regional council.

The terms of office for successful candidates will commence on June 2.

IE