Notice of Commission Approval – MFDA Rule 1.2.6 – Notification of Termination of Approved Persons – Mutual Fund Dealers Association of Canada (MFDA)

 
The Ontario Securities Commission approved the addition of MFDA Rule 1.2.6 - Notification of Termination of Approved Persons. 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. MFDA Rule 1.2.6 -- Notification of Termination of Approved Persons, adds the requirement to the MFDA Rules for members to notify the MFDA of the termination of an employment relationship with an Approved Person, only where an Approved Person is dismissed for reasons that may involve a breach of MFDA Rules.