Industry

NOTICE OF COMMISSION APPROVAL

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
(IIROC)

AMENDMENTS TO CLIENT IDENTIFICATION AND VERIFICATION REQUIREMENTS

The Ontario Securities Commission has approved IIROC’s proposed amendments to Part A of Rule 3200 of the Dealer Member Plain Language Rule Book respecting client identification requirements (the Amendments).

IIROC originally published proposed amendments for comment on July 6, 2017. Considering the comments received, the Amendments were republished for comment on April 12, 2018. IIROC has made non-substantive changes to the Amendments as published in 2018 in response to comments received. A summary of the public comments and IIROC's responses, as well as the IIROC Notice including the Amendments, can be found at http://www.osc.gov.on.ca.

The Amendments will be effective on June 1, 2020.

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 Legal Registries Division, Department of Justice (Northwest Territories); the Legal Registries Division, Department of Justice (Nunavut); the Manitoba Securities Commission; the Nova Scotia Securities Commission; the Office of the Superintendent of Securities, Service Newfoundland and Labrador; the Office of the Yukon Superintendent of Securities; and the Prince Edward Island Office of the Superintendent of Securities Office have approved or not objected to the Amendments.