The Mutual Fund Dealers Association of Canada announced its upcoming regional council nomination and election process.

The two-year terms of office for incumbent elected representatives on each regional council are scheduled to expire. Elected representatives are eligible to sit as members of three-person hearing panels to conduct MFDA disciplinary proceedings; and, to participate in meetings to consider policy matters relevant to the MFDA.

The nomination process will be open until March 14. Each MFDA firm will shortly receive a nomination package inviting them to nominate eligible individuals from within their organizations for election to the councils.

Nominees must be resident in the region in which they seek election; they must be a partner, officer, director, employee or agent of an MFDA member in that region; and, they should have a strong background in compliance and have held senior positions within the industry for a number of years.

The MFDA has four regional councils: the Atlantic region (Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador), which has 10 reps; the Central region (Ontario and Quebec), with 20 reps; the Prairie region (Alberta, Saskatchewan, Manitoba, Northwest Territories and Nunavut) has 15 members; and, the Pacific region (British Columbia and Yukon Territory) includes 15 reps.