Securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Prince Edward Island and Saskatchewan have approved a rule that will require fund dealers to include the Mutual Fund Dealers Association logo on their websites and account statements.
The new requirements will take effect at the end of 2018.
The new rules and policy aim “to promote client awareness of the regulatory oversight exercised by the MFDA” over fund dealers and mutual fund advisors, the MFDA says in a bulletin published on Thursday.
The rule requires fund dealers to include the MFDA logo and its web address on the front of each account statement that is sent to clients, and on the dealer’s homepage.
It also mandates that the logo be “clearly visible” and prominently displayed.