Nottice of Commission Approval - Amendments to IDA Regulation 400.1, Mail Insurance

Investment Dealers Association rule review

AMENDMENTS TO IDA REGULATION 400.1,
MAIL INSURANCE

NOTICE OF COMMISSION APPROVAL

Amendments to IDA Regulation 400.1, Mail Insurance, have been approved by the Ontario Securities Commission. In addition, the Saskatchewan Securities Commission approved, the Alberta Securities Commission did not disapprove and the British Columbia Securities Commission did not object to these amendments. The purpose of the amendments is to provide an exemption from the mail insurance requirement for those members who either do not handle securities or never use the mail to transmit securities. A copy of the amended regulation is being published in Chapter 13 of this Bulletin.

INVESTMENT DEALERS ASSOCIATION OF CANADA
AMENDMENT TO REGULATION 400.1 -
MAIL INSURANCE REQUIREMENT

THE BOARD OF DIRECTORS of the Investment Dealers Association of Canada hereby makes the following amendments to the By-laws, Regulations, Forms and Policies of the Association:

1. Regulation 400.1 Mail Insurance is amended by adding the following sentence at the end of the paragraph:

"The Vice President of Financial Compliance may exempt a Member from the requirements of Regulation 400.1 if the Member delivers a written undertaking to the Vice President of Financial Compliance that it will not use the mail for out-going shipments of money or securities, negotiable or non-negotiable, by first-class mail, registered mail, registered air mail, express or air express."
 


PASSED AND ENACTED BY THE Board of Directors this 16th day of January 2002, to be effective on a date to be determined by Association staff.