On January 28, the Canadian Securities Administrators (CSA) issued temporary blanket relief, which is expected to be codified at a later date. This relief expands the list of courses that allow mutual fund dealing reps to sell liquid alt funds thereby increasing investor access to these products. Dealing representatives (and supervisors) in the Mutual Fund Dealers Association (MFDA) channel (and outside the MFDA channel in Québec) now have four additional courses that they can pass in order to distribute these products – the courses are offered by the Canadian Securities Institute and the IFSE Institute.
January 29, 2021