Notice of Commission Approval – Amendments to MFDA Rule 2.12 – Transfers of Account – Mutual Fund Dealers Association of Canada (MFDA)

Market Regulation Document Type
MFDA rule review

The Ontario Securities Commission approved amendments to MFDA Rule 2.12 regarding transfers of account. 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 amendments. The amendments were needed in order to effect account transfers in an orderly and timely fashion, and apply to any account transfer of a client of an MFDA member firm. A copy and description of these amendments were published on July 11, 2003 at (2003) 26 OSCB 5441. No comments were received.