Regulatory Alerts2021-11-11
MAF.S.7.11 – Minimum Number of Members of a MAF
The regulator issued MAF.S.7.11 – Minimum Number of Members of a MAF to mandate the minimum membership threshold for all advisory committees. This standard requires each MAF to maintain a specified baseline of active members to ensure operational validity and compliance. Updated on October 22, 2024, the document details enforcement mechanisms and reporting obligations for entities failing to meet these membership quotas.
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