MFDA seeks input on continuing education requirements

MFDA is seeking public comment on its proposed continuing education (CE) requirements.

The self-regulatory organization is creating CE requirements to ensure advisors have a current level of industry knowledge and maintain a high standard of professionalism.

“The MFDA’s CE initiative forms part of our ongoing effort to further enhance advisor proficiency and professionalism,” said Mark Gordon, MFDA president and CEO, in a press release.

Read: Coming soon: MFDA continuing education

MFDA is proposing that advisors earn the following credits during two-year CE cycle:

• Professional development (20 credits)
• Business conduct (eight credits)
• MFDA compliance (two credits)

MFDA currently offers its members education, training and resources on regulatory compliance.

The proposed CE requirements are set out in MFDA Bulletin #0743-P. Comments on the proposal must be submitted by June 20. Read the full proposed regulation here.

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The staff of Advisor.ca have been covering news for financial advisors since 1998.