Industry


NOTICE OF COMMISSION APPROVAL

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
(IIROC)

CONTINUING EDUCATION REQUIREMENTS FOR APPROVED PERSONS

The Ontario Securities Commission has approved IIROC’s proposed Rule 2650 Continuing Education Requirements for Approved Persons (the CE Rules). The CE Rules require IIROC Approved Persons to maintain high standards of proficiency, professionalism and ethics.

The proposed CE Rules were originally published for comment on February 11, 2011, as part of IIROC’s plain language rule re-write project, and republished for comment on March 30, 2012, March 10, 2016 and March 9, 2017. While the IIROC Dealer Member Plain Language Rule Book is an ongoing project, IIROC has sought to implement the proposed CE Rules for the new CE cycle commencing January 1, 2018. IIROC has made non-substantive changes to the proposed CE Rules published on March 9, 2017 in response to comments received. A summary of the public comments and IIROC's responses, as well as the IIROC Notice including the approved CE Rules, can be found at http://www.osc.gov.on.ca.

The CE Rules will be effective on January 1, 2018.

In addition, the Alberta Securities Commission, the Autorité des marchés financiers, the British Columbia Securities Commission, the Financial and Consumer Affairs Authority of Saskatchewan, the Financial and Consumer Services Commission of New Brunswick, the Manitoba Securities Commission, the Nova Scotia Securities Commission, the Office of the Superintendent of Securities, Service Newfoundland and Labrador, and the Prince Edward Island Office of the Superintendent of Securities have approved or not objected to the CE Rules.