Notice of Commission Approval - Proposed Amendment to IIROC By-law No. 1 Regarding Director Term Limits
NOTICE OF COMMISSION APPROVAL
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
PROPOSED AMENDMENT TO IIROC BY-LAW NO. 1 SECTION 5.3(2) (DIRECTOR TERM LIMITS)
The Ontario Securities Commission has approved IIROC’s proposed amendment to section 5.3(2) of its By-law No. 1 (“Proposed Amendment”). The Proposed Amendment was described in IIROC Notice 19-0060 which was published on April 4, 2019 and is available at www.osc.gov.on.ca.
In addition, the Alberta Securities Commission; the Autorité des marchés financiers; the British Columbia Securities Commission; the Financial and Consumer Affairs Authority of Saskatchewan; the Financial and Consumer Services Commission of New Brunswick; the Legal Registries Division, Department of Justice (Northwest Territories); the Legal Registries Division, Department of Justice (Nunavut); the Manitoba Securities Commission; the Nova Scotia Securities Commission; the Office of the Superintendent of Securities, Service Newfoundland and Labrador; the Office of the Yukon Superintendent of Securities; and the Prince Edward Island Office of the Superintendent of Securities Office have approved or not objected to the Amendments.
Pursuant to Article 17 of IIROC’s By-law No. 1, which requires Member approval for any amendments to IIROC’s by-laws, IIROC will be seeking Member approval of the Proposed Amendment at its Annual Meeting on September 24, 2019.