Notice of Commission Approval – Housekeeping Amendments to MFDA Rule 3 – Financial and Operations Requirements – Mutual Fund Dealers Association of Canada (MFDA)

 
The Ontario Securities Commission has approved amendments to MFDA Rule 3 -- Financial and Operations Requirements. In addition, the Alberta Securities Commission, Manitoba Securities Commission, New Brunswick 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 clarify, update and address minor inconsistencies between terms used in the rule and terms used in other contexts, such as the Canadian Institute of Charted Accountants Handbook. The amendments also remove a provision no longer required to reflect the fact that the MFDA Investor Protection Corporation offers coverage only to Members of the MFDA.

The amendments are housekeeping in nature. A description and a copy of the amendments are contained in Chapter 13 of this OSC Bulletin.