Notice of Commission Approval – Housekeeping Amendments to MFDA Rule 2.3 – Power of Attorney/Limited Trading Authorization – Mutual Fund Dealers Association of Canada (MFDA)

Market Regulation Document Type
MFDA rule review

 
The Ontario Securities Commission has approved amendments to MFDA Rule 2.3 -- Power of Attorney/Limited Trading Authorization. In addition, the Alberta Securities Commission, Manitoba Securities Commission, New Brunswick Securities Commission, Nova Scotia Securities Commission and Saskatchewan Financial Services Commission approved, and the British Columbia Securities Commission did not object to the amendments.

The amendments clarify that discretionary trading is prohibited on the part of Members and their Approved Persons irrespective of whether they have a limited trading authorization.

The amendments are housekeeping in nature. A description and a copy of the amendments are contained in Chapter 13 of this OSC Bulletin.