Notice of Commission Approval - Amendments to By-Law 2 - Eliminating the Reference to District Association Auditors and Other Housekeeping Amendments

THE INVESTMENT DEALERS ASSOCIATION

OF CANADA (IDA)

AMENDMENTS TO BY-LAW 2 --

ELIMINATING THE REFERENCE TO

DISTRICT ASSOCIATION AUDITORS

AND OTHER HOUSEKEEPING AMENDMENTS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved housekeeping amendments to IDA By-law 2 -- Membership. The objective of the amendments is to ensure that all references to District Association Auditors are eliminated from the rules and that there remains consistency throughout the rules. The amendments also serve to remove the option of relying on the financial review performed by the Bourse de Montréal Inc. (the "Bourse") that was set out in By-law 2.13 to reflect the fact that the Bourse transferred its membership regulation functions to the IDA. In addition, the Autorité des marchés financiers approved, and the Alberta Securities Commission and the British Columbia Securities Commission did not object to the amendments. The description and a copy of the amendments are contained in Chapter 13 of this Ontario Securities Commission Bulletin.