The Mutual Fund Dealers Association of Canada is currently seeking applications for two new members for its Policy Advisory Committee.

The committee provides advice to MFDA staff on a variety of matters including regulatory and policy initiatives and industry trends and practices. Also, at the request of MFDA staff, it will provide advice and comment on the legal, regulatory and market implications of any aspect of MFDA rules, by-laws, policies and operations.

The MFDA president and CEO, Larry Waite, selects the members of the PAC based on the recommendation of MFDA staff. Members of the PAC are officers and senior employees of MFDA members selected with a view to ensuring that the PAC is reasonably representative of the diversity of MFDA membership, it says.

“Individuals appointed to PAC should have an excellent knowledge of securities law and mutual fund regulation. Expertise in an area of special interest to the MFDA at the time an appointment is made may also be a factor in selection,” it explains. Members of the PAC are expected to have excellent technical abilities and a strong interest in the development of securities regulatory policy, it adds.

It is expected that the PAC will meet at least semi-annually. Committee members will be expected to attend (in person or by conference call) all meetings of the PAC and to volunteer time to assist MFDA staff in accordance with the mandate of the PAC, it notes.

The deadline for applications is September 28.