Notice of Commission Approval - IDA Proposed Amendments to the By-Laws and Regulations to Eliminate District Association Auditors and Alternate District Association Auditors

THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

PROPOSED AMENDMENTS TO THE BY-LAWS AND REGULATIONS

TO ELIMINATE DISTRICT ASSOCIATION AUDITORS

AND ALTERNATE DISTRICT ASSOCIATION AUDITORS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to various IDA By-laws and Regulations to eliminate District Association Auditors and Alternate District Association Auditors. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendments. The purpose of the amendments is to eliminate the requirement to appoint District Association Auditors and Alternate District Association Auditors (collectively DAAs), to formally transfer the responsibilities of DAAs currently outlined in its By-laws and Regulations to the Senior Vice-President of Member Regulation and to eliminate other requirements that are no longer necessary. A copy and description of the proposed amendments were published on February 20, 2004, at (2004) 27 OSCB 2272. No comments were received.