Ontario - Obtain Fund Manager License

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Procedure

Apply In Person

1. To Obtain Fund Manager License, the applicant has to approach the Mutual Fund Dealers Association of Canada (MFDA) link Investment Industry Regulatory Organization of Canada (IIROC) link
2. To obtain a fund manager license, the applicant will need to have a certain level of education and experience in the financial industry. This may include completing specific courses or certifications or having a certain number of years of experience working in the industry.
3. The applicant needs to pass certain exams to demonstrate his/her knowledge and competence in managing investment funds.
4. An application form will be provided to the applicant by the concerned officer.
5. The applicant has to fill in all the necessary details in the application form. (Incomplete applications are not accepted)
6. Make sure that the applicant has attached all the necessary documents that are mentioned in the “Required Documents” section of this page.
7. The applicant has to attach photocopies of the required documents along with the application form while submitting it.
8. Submit all the essential documents along with the completed application form to the office.
9. The applicant has to pay the prescribed fee as requested by the authority.
10. After receiving the application, the concerned authority will check the submitted application and document set. If all are in place, the application will be accepted.
11. Then the application will be processed further.
12. Once the verification process gets completed, the applicant gets a call from the office regarding the application.
13. For further process, the applicant has to follow the instruction given by the officer.
14. This entire process can be completed within 3 weeks or as per the timeline advised by the respective department authority.

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Required Documents

• Application form
• Canadian Passport
• Driver’s Licence
• Canadian Birth Certificate
• Citizenship Card
• Permanent Resident Card
• SIN Card (Social Insurance Number)
• Valid Work Permit
• Training program certificate
• Passport size photographs

Office Locations & Contacts

Mutual Fund Dealers Association of Canada (MFDA)
121 King Street West
Suite 1000
Toronto, Ontario
M5H 3T9
Business Hours
Monday to Friday, 8:30 a.m. to 5:00 p.m.
(Eastern Time)
General Inquiries
Phone: (416) 361-6332 or 1-888-466-6332 (Option #1)
Email: [email protected]
Contact link

Investment Industry Regulatory Organization of Canada (IIROC)
Email: [email protected]
Toll-free (Canada/US): 1 877-442-4322
Toll-free (outside Canada/US): 800-5555-2323
Contact link

Eligibility

• Any Canadian citizen of 18 years of age and above with a qualified training program who intends to Obtain Fund Manager License is eligible to make this application.

Fees

• The applicant has to pay the prescribed fee as requested by the authority.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that can be used by people. E.g. links

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• This entire process can be completed within 3 weeks or as per the timeline advised by the respective department authority.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type=’website’>video ID|width|height<&/video&> from external websites.
Please remove the ‘&’ inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.gIn the following url ‘http://www.youtube.com/watch?v=Y0US7oR_t3M’ Video ID is ‘Y0US7oR_t3M’.

Instructions

• Applicants must complete the application form before submitting it. Incomplete applications will not be accepted.
• Applicants must provide genuine information while applying for this procedure.

Required Information

• Name
• Address
• Contact number
• Business address
• Fax
• Email ID
• Nationality
• Age
• Business details
• Mailing address
• Declaration
• Date

Need for the Document

• A Fund Manager License in Canada is a license that allows an individual or a company to manage investment funds on behalf of clients.
• This license is issued by regulatory authorities such as the Mutual Fund Dealers Association of Canada (MFDA), the Investment Industry Regulatory Organization of Canada (IIROC), or provincial securities regulators.

Information which might help

• Once a Fund Manager License is obtained, the holder is subject to ongoing regulatory requirements, including compliance with anti-money laundering and know-your-client regulations, submission of regular reports to regulatory authorities, and periodic audits.

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Link

Others

More information which might help people.