The Mutual Fund Dealers Association (MFDA) is inviting its members to nominate candidates for election to the MFDA’s four Regional Councils.

Nominations must be received by no later than April 17. To be eligible, a nominee must be a resident of the applicable region; and a partner, officer, director, employee or agent of an MFDA Member in that Region.

This table sets out the regions and how many positions are available:

Regional Council

Provinces in Region

Positions Available

Nomination Form

Atlantic

Nova Scotia, New Brunswick, Prince Edward Island, Newfoundland and Labrador

10

Atlantic Nomination Form

Central

Ontario, Québec

20

Central Nomination Form

 

Prairie

Alberta, Saskatchewan, Manitoba, Northwest Territories, Nunavut

20

Prairie Nomination Form

 

Pacific

British Columbia, Yukon

20

Pacific Nomination Form

 

Elected representatives serve two-year terms of office and are eligible to be selected as members of three-person Hearing Panels that adjudicate MFDA disciplinary proceedings. A Member may nominate up to two (2) candidates in each Region in which the Member has a head office or at least one branch office.

In addition to the eligibility criteria above, “nominees should have a strong background in compliance and have held senior positions within the industry and their Member firms for a number of years,” says the MFDa.

If the number of nominees in any Region exceeds the number of positions available, the MFDA will coordinate a mail-in ballot process to elect representatives to each such Regional Council. The two-year terms of office for successful candidates will begin on June 4, 2020.