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 will require an Approved Person who accepts or acts upon a general power of attorney or similar authorization from a client, where the client is the Approved Person's spouse, parent, or child, to notify the Member of their acceptance of the power of attorney or similar authorization.

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