The Mutual Fund Dealers Association is currently seeking applications for membership on its Policy Advisory Committee.

The principal functions of the PAC will be: to provide advice to MFDA staff on regulatory and policy initiatives, and industry trends and practices; and, at the request of MFDA staff, to provide advice and comment on the legal, regulatory and market implications of any aspect of MFDA rules and operations.

The PAC will consist of up to 8 senior industry representatives plus the four chairs of the regional councils who will serve as ex officio members. Members of the PAC and the chair of the PAC will serve for a minimum of two years.

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

The deadline for applications for membership is May 31.