Translation of "Distributeur à fond mouvant " (French → English) :

For example, at the request of Canadian securities administrators, the IDA assumed the responsibility of establishing and managing the Mutual Fund Dealers Association of Canada, MFDA, which is a self-regulatory organization for fund distributors.

To that end, home Member States shall have in place and publish mechanisms to control effectively and assess the knowledge and competence of insurance and reinsurance intermediaries and employees of insurance and reinsurance undertakings and employees of insurance and reinsurance intermediaries, based on at least 15 hours of professional training or development per year, taking into account the nature of the products sold, the type of distributor, the role they perform, and the activity carried out within the insurance or reinsurance distributor.

It also leads to uncertainty over whether the fund promoter or distributor is responsible when marketing or providing services to investors.

I noticed in Ms. MacKenzie's report on how films get made in Canada, on page 24 it says that a Canadian producer typically finances a film with money from the Harold Greenberg Fund and the Canada Council, plus an equity investment from Telefilm, plus a grant from the Canadian Television Fund, plus an equity investment from a provincial government agency, plus a pre-sale from a Canadian distributor Telefilm money by another route plus a pre-sale to Pay Television, which buys Canadian films on condition of licence, plus federal and prov ...[+++]incial tax credits.

I personally think that Quebec women's interests would be better served if there were only one level making decisions and distributing funds.

The balance of power is shifting at an accelerating rate from the independent mutual fund managers like Dundee to the very powerful distributors of mutual fund products, a group that is today dominated by the banks.