Notice of Commission - Amendments to Forms and Guidance Respecting Investment in a Dealer Member
August 22, 2019
Updated – April 16, 2020 – Revised Implementation Date. In view of the COVID-19 pandemic and to reduce regulatory burden, IIROC published a Technical Notice - 20-0079 Revised Implementation Date of the IIROC Dealer Member Plain Language Rule Book and Update on the Client Focused Reforms which revised the implementation date for the Plain Language Rule Book. As a result, the intended implementation date of the below amendments will be December 31, 2021 or as otherwise determined by IIROC.
NOTICE OF COMMISSION APPROVAL
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
AMENDMENTS TO FORMS AND GUIDANCE RESPECTING INVESTMENT IN A DEALER MEMBER
The Ontario Securities Commission has approved IIROC’s proposed amendments to Investor Application Form, Investor Notification Form and guidance (together the Forms and Guidance) respecting investment in a Dealer Member (the Amendments).
The Amendments were published for comment on March 9, 2017. IIROC has made non-substantive changes to the Forms and Guidance as published in 2017 in response to comments received. A summary of the public comments and IIROC's responses, as well as the IIROC Notice including the Amendments, can be found at http://www.osc.gov.on.ca.
The Amendments will be effective on June 1, 2020.
In addition, the Alberta Securities Commission; the Autorité des marchés financiers; the British Columbia Securities Commission; the Financial and Consumer Affairs Authority of Saskatchewan; the Financial and Consumer Services Commission of New Brunswick; the Legal Registries Division, Department of Justice (Northwest Territories); the Legal Registries Division, Department of Justice (Nunavut); the Manitoba Securities Commission; the Nova Scotia Securities Commission; the Office of the Superintendent of Securities, Service Newfoundland and Labrador; the Office of the Yukon Superintendent of Securities; and the Prince Edward Island Office of the Superintendent of Securities Office have approved or not objected to the Amendments.