Notice of Commission Approval - IDA Amendments to Regulations 100.15 and 300.2 Regarding Customer Account Guarantee Agreements

Market Regulation Document Type
Investment Dealers Association rule review

THE INVESTMENT DEALERS ASSOCIATION

AMENDMENTS TO REGULATIONS 100.15 AND 300.2

REGARDING CUSTOMER ACCOUNT GUARANTEE AGREEMENTS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to IDA Regulations 100.15 and 300.2 regarding customer account guarantee agreements. In addition, the British Columbia Securities Commission did not object, and the Alberta Securities Commission and the Autorité des marchés financiers approved the amendments. The purpose of the amendments is to ensure that the guarantor is aware of his/her obligations under a guarantee agreement and to minimize the legal enforcement risk associated with guarantee agreements. A copy and description of the proposed amendments were published on July 15, 2005, at (2005) 28 OSCB 6150. No comments were received.