As of July 28, 2022, the British Columbia Securities Commission and the Mutual Fund Dealers Association of Canada (MFDA)’s other recognizing regulators approved the MFDA’s application seeking approval to use unallocated money from the MFDA discretionary fund to pay for certain external advisor costs relating to the creation of the new self-regulatory organization.

The approvals by the MFDA’s other recognizing regulators can be found on their respective websites.