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The Federation of Mutual Fund Dealers (FMFD) has released its priorities for 2022 and announced its new board of directors.

The board’s priorities “principally include addressing the viability and sustainability concerns of mutual fund dealers, along with any potential impacts of regulatory changes on their advisors, and ultimately, clients,” said Matthew Latimer, executive director of the FMFD. “This looks to be another year of significant changes, and by this time next year I expect we will be in a largely transformed regulatory environment.”

On the regulatory front, Latimer said the organization’s priorities include engaging with the self-regulatory organization consolidation working committees plus addressing ongoing changes related to title reform initiatives.

Also, now that the industry is in the implementation phase of the client-focused reforms, Latimer said the FMFD will be “watching for items that will come out of the first audits and any new regulatory movement in this area.”

As for the board, four directors are new this year:

  • Marie-Joseé Audet, Desjardins Financial Security
  • Bill Charles, Global Maxfin Investments Inc.
  • Maria Flores, Carte Wealth Management Inc.
  • Robert Smuk, Agora Dealer Services Corp.

The remaining board members are returning directors:

  • John Adams, Primerica Financial Services Canada
  • Aly Damji, HUB Financial & HUB Capital Inc.
  • Michael Kazmierowski, B2B Bank Dealer Services
  • Sandra Kegie, Kegie Consulting Corp.
  • Susan Monk, PEAK Financial Group