Definition
The MFDA regulated mutual fund dealers across all Canadian provinces except Quebec (where the AMF regulated them) until December 31, 2022. On January 1, 2023, the MFDA amalgamated with IIROC, and the combined SRO took the CIRO name on June 1, 2023. Mutual fund dealers now follow CIRO's Mutual Fund Dealer Rules, separate from the IDPC Rules. Core MFDA obligations - KYC, suitability, supervision, complaint handling - mapped closely to the IIROC framework and are now aligned under the unified CIRO ruleset. References to MFDA rules in pre-2023 materials should be read against the equivalent CIRO Mutual Fund Dealer Rules.
Source
CIRO transition documents; predecessor MFDA By-laws and Rules