IFIC Mutual Funds Licensing Practice Exam · Question
Which regulatory body is primarily responsible for the oversight of mutual funds in Canada?
The Canadian Securities Administrators (CSA) is an umbrella organization of provincial and territorial securities regulators that coordinates and harmonizes cap
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Question: Which regulatory body is primarily responsible for the oversight of mutual funds in Canada?
Answer options:
- Bank of Canada (BoC)
- Canada Revenue Agency (CRA) ✅ Canadian Securities Administrators (CSA)
- Financial Consumer Agency of Canada (FCAC)
Correct answer: Canadian Securities Administrators (CSA)
Explanation: The Canadian Securities Administrators (CSA) is an umbrella organization of provincial and territorial securities regulators that coordinates and harmonizes capital markets regulation across Canada, including mutual funds. The other bodies have different roles.
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