Notice of Commission Approval – IIROC – Rule No. 41 and Amendments to Form 1 regarding Canadian Investor Protection Fund
INVESTMENT INDUSTRY REGULATORY
ORGANIZATION OF CANADA (IIROC)
(FORMERLY THE INVESTMENT DEALERS
ASSOCIATION OF CANADA (IDA))
RULE NO. 41 AND AMENDMENTS TO FORM 1
CANADIAN INVESTOR PROTECTION FUND
NOTICE OF COMMISSION APPROVAL
The Ontario Securities Commission (OSC) has approved Rule No. 41 and amendments to Form 1 – Joint Regulatory Financial Questionnaire and Report (Form 1) of the Investment Industry Regulatory Organization of Canada (IIROC) (formerly the Investment Dealers Association of Canada (IDA)). The rule and amendments to Form 1 relate to the Canadian Investor Protection Fund (CIPF).
The Alberta Securities Commission, the Autorité des marchés financiers, the New Brunswick Securities Commission, the Nova Scotia Securities Commission and the Financial Services Regulation Division, Department of Government Services (Newfoundland and Labrador) have also approved the rule and amendments to Form 1. In addition, the British Columbia Securities Commission did not object to the rule and amendments.
The rule and amendments to Form 1 were first published for comment as IDA rule amendments on October 13, 2006 at (2006) 29 OSCB 8181. Pursuant to a resolution of IIROC’s Board of Directors, any by-law submitted by the IDA to the applicable securities regulatory authorities for approval prior to recognition of IIROC as a self-regulatory organization, which takes effect after recognition, is adopted by IIROC’s Board of Directors as an IIROC rule as of its effective date.
As a result of comments made by the Recognizing Regulators, IIROC made non-material changes to the rule and amendments. The revised rule and amendments, black-lined to reflect the changes made from the version published for comment, are included in Chapter 13 of this OSC Bulletin.
August 8, 2008