The Mutual Fund Dealers Association of Canada (MFDA) will propose rule changes later this year to keep its own rules in line with provincial securities rules, according to an MFDA bulletin published Tuesday.

Earlier this year, the Canadian Securities Administrators (CSA) made a handful of changes to the registration rules, which are due to take effect on Dec. 4.

Read: CSA’s new rules enhance custody requirements on EMDs

The MFDA will propose its own amendments to ensure that its rules stay consistent with the rules of the provincial regulators, the bulletin says.

In particular, the MFDA will propose new relationship disclosure requirements regarding the custody of client assets, the bulletin says.

Among other things, the requirments will require firms to disclose where and how client assets are held, along with disclosure about the risks and benefits of these arrangements.

Additionally, the MFDA’s rules will be amended to require firms to provide disclosure on account statements which indicates when market value is being used to determine the cost of an investment position.