The Nova Scotia Securities Commission has recognized the Mutual Fund Dealers Association of Canada as a self-regulatory organization in that province.

On August 3, the NSSC published a notice and request for comments in connection with the MFDA’s application to become an SRO.

After considering those comments, it says that it is satisfied that the MFDA will regulate the operations and the standards of practice and business conduct of its members and their representatives in accordance with its by-laws, rules and regulations.

The recognition comes with a series of conditions similar to those imposed by other provinces. It also made a rule that will require mutual fund dealers to be a member of the MFDA, as of June 30, 2002.