Notice of Commission Approval - Proposed Amendments to IDA Policy No. 6, Parts I and II

THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

PROPOSED AMENDMENTS TO POLICY NO. 6, PARTS I AND II

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved proposed amendments to IDA Policy No. 6, Parts I and II, regarding proficiency and education. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the proposed amendments. The proposed amendments recognize additional courses and exemptions without reducing the rigour of the existing proficiency requirements, eliminate outdated requirements and references and add a provision for an exemption fee. A copy and description of the proposed amendments were published on July 9, 2004, at (2004) 27 OSCB 6424. The IDA received three comment letters, but no changes were required to the revised Policy. The IDA's summary of comments and responses is published in Chapter 13 of this Ontario Securities Commission Bulletin -- SRO Notices and Disciplinary Proceedings.