Notice of Commission Approval – Housekeeping Amendments to MFDA Rule 4 – Insurance – Mutual Fund Dealers Association of Canada (MFDA)

 
The Ontario Securities Commission has approved amendments to MFDA Rule 4 -- Insurance. 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 include minor changes to Rule 4.2 and Rule 4.3 to clarify the application of those rules. In addition, the amendments to Rule 4.7 provide that the limits under a Member's insurance policy may also be affected by claims made by a holding company of the Member, provided that the holding company does not carry on any business or own any investments other than its interest in the Member.

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