Notice of Commission Approval - IDA Proposed By-law No. 17.19 - Business Continuity Plan Requirement

Investment Dealers Association rule review
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THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

PROPOSED BY-LAW NO. 17.19 -

BUSINESS CONTINUITY PLAN REQUIREMENT

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved proposed IDA By-law No. 17.19 regarding business continuity plan requirement. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the proposed by-law. The purpose of the proposed by-law is to require each IDA member to establish and maintain a business continuity plan, such that the member can stay in business in the event of a significant business disruption and can meet obligations to its customers and other capital markets counterparts. A copy and description of the proposed by-law were published on June 25, 2004, at (2004) 27 OSCB 6105. No comments were received.