Earlier this week, the Mutual Fund Dealers Association of Canada published proposed amendments to its Rules and Policy No. 6 to conform with the requirements of National Instrument 31-103 Registration Requirements and Exemptions. The proposals, which, among other things, deal with proficiency, minimum standards of supervision and record retention, have either been approved, or not objected to, by the securities regulatory authorities of various jurisdictions and are now subject to MFDA Member ratification.