FP Canada announced this week that it has been approved by the Mutual Fund Dealers Association of Canada (MFDA) as a Third Party Accreditor for Continuing Education (CE).
As a Third Party Accreditor, FP Canada is recognized by the MFDA to perform assessments of CE activity against standards established by the MFDA. “This important recognition from the MFDA recognizes the merits of the longstanding FP Canada CE Approval Program,” says FP Canada in a statement.
New CE requirements for all MFDA Approved Persons come into effect on Dec. 1, 2021. Each CE activity must be accredited by accreditors recognized by the MFDA to count towards the fulfilment of the new CE requirements.
To be approved by the MFDA, Third Party Accreditors must prove that they have at least five years' experience in acting as a non-profit professional body which administers established proficiency requirements for a certification or designation related to the securities industry, have a code of ethics, and have an enforcement regime which includes a formal, transparent disciplinary process. Applicants must also provide a detailed outline of their CE accreditation policies and procedures, and demonstrate how those processes align with the MFDA's accreditation requirements.
"FP Canada is proud to be a Third Party Accreditor as the MFDA introduces these important new CE requirements," says Tashia Batstone, President and CEO of FP Canada. "Earning this status serves as a testament to the rigorous review process in place under the FP Canada CE Approval Program."