Notice of Commission Approval – Amendment to MFDA Rule 2.2.3 – New Account Approval – Mutual Fund Dealers Association of Canada (MFDA)

The Ontario Securities Commission approved amendment to MFDA Rule 2.2.3 regarding New Account Approval. In addition, the Alberta Securities Commission, Nova Scotia Securities Commission and Saskatchewan Financial Services Commission approved and the British Columbia Securities Commission did not object to the amendment. The proposal clarifies that the partner, director, officer or branch manager designated by a MFDA member to approve the opening of new accounts must be registered. The amendment is housekeeping in nature. The description and a copy of the amendment is contained in Chapter 13 of this Ontario Securities Commission Bulletin.