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Mutual fund trust. A Mutual fund trust (MFT) is a type of Canadian investment portfolio which is popular in Canada due to favorable taxation laws. It is a type of unit trust which must also comply with section 132 of the Canadian Income Tax Regulation Act 4801. [1] The members of a mutual fund trust are called unitholders.
Canadian securities regulation. Canadian securities regulation is managed through the laws and agencies established by Canada 's 10 provincial and 3 territorial governments. Each province and territory has a securities commission or equivalent authority with its own provincial or territorial legislation. [citation needed] Unlike other major ...
A mutual fund is an investment fund that pools money from many investors to purchase securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
In 2006, IDA narrowed its focus to regulation and transferred its industry association role to a new separate and independent industry association, the Investment Industry Association of Canada. Market Regulation Services Inc. was formed in 2002 in response to the implementation of National Instruments 21-101 Marketplace Operation and 23-101 ...
Meanwhile, credit unions/caisses populaires, securities dealers and mutual funds are largely regulated by provincial governments. [ 40 ] The main federal statute for the incorporation and regulation of banks, or chartered banks , is the Bank Act (S.C. 1991, c.46), where Schedules I, II and III of this Act list all banks permitted to operate in ...
Independent Review Committee. An Independent Review Committee ( IRC) is a special committee that is required to be part of the governance structure of every investment fund that is offered to the public in Canada. IRCs are currently unique to the investment fund business in Canada, as other countries have dealt with the inherent conflict of ...
C$33.284M (FY2020) Website. www.mfda.ca. The Mutual Fund Dealers Association of Canada (MFDA) is a Canadian self-regulatory organization (SRO) that provides oversight to dealers that distribute mutual funds and exempt fixed income products. It is licensed under all Canadian provincial securities regulators (except Quebec, where it cooperates ...
Guardian Capital Group, founded in 1962, operates several fully owned subsidiaries whose operations are to provide investment management services, financial advisory services, retail distribution of mutual funds, insurance, and general corporate services. Guardian Capital Group is headquartered in Toronto, Ontario, Canada, and became publicly ...
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