Canadian Securities Course (CSC) Practice Exam

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Practice for the Canadian Securities Course (CSC) exam with our quiz. Test your knowledge with multiple-choice questions. Be prepared for the real exam!

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Which organization regulates the distribution side of the mutual fund industry in Canada?

IIROC
OSFI
CDIC
MFDA

The correct answer is: MFDA

D MFDA (Mutual Fund Dealers Association) is the organization responsible for regulating the distribution side of the mutual fund industry in Canada. This organization sets standards and regulations for mutual fund dealers to ensure they are acting in the best interest of investors and following ethical practices. A: IIROC (Investment Industry Regulatory Organization of Canada) regulates investment dealers and trading activity in Canada, but not specifically the mutual fund industry. B: OSFI (Office of the Superintendent of Financial Institutions) regulates banks, insurance companies, and trust and loan companies, but not specifically the mutual fund industry. C: CDIC (Canada Deposit Insurance Corporation) provides deposit insurance to protect eligible deposits at member institutions, but not specifically for mutual funds. Therefore, D is the most appropriate answer to the given question.