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BULLETIN #0702-P
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Paige Ward

General Counsel, Corporate Secretary and Vice President, Policy

(416) 943-5838

pward@mfda.ca

BULLETIN #0702-P

October 27, 2016

Policy

For Distribution to Relevant Parties within your Firm

Proposed Amendments to MFDA Rule 1.2.5 (Misleading Business Titles Prohibited)

On October 27, 2016, the British Columbia Securities Commission (“BCSC”) published for public comment proposed amendments to MFDA Rule 1.2.5 (Misleading Business Titles Prohibited).

MFDA Rule 1.2.5 currently prescribes requirements in respect of the use of business titles, including those designations/certifications used by Approved Persons holding themselves out as financial planners.

The proposed amendments to Rule 1.2.5 are intended to respond to investor confusion by establishing minimum proficiency requirements for Approved Persons who wish to use the title “Financial Planner”.

Comments

Comments should be made in writing. One copy of each comment letter should be delivered by January 25, 2017 (within 90 days of the BCSC’s publication of the proposed amendments), addressed to the attention of: Paige Ward, General Counsel, Corporate Secretary and Vice-President, Policy, Mutual Fund Dealers Association of Canada, 121 King St. West, Suite 1000, Toronto, Ontario, M5H 3T9 and one copy addressed to the attention of: Anne Hamilton, Senior Legal Counsel, British Columbia Securities Commission, 701 West Georgia Street, P.O. Box 10142, Pacific Centre, Vancouver, British Columbia, V7Y 1L2.

Those submitting comment letters should be aware that a copy of their comment letter will be made publicly available on the MFDA website at www.mfda.ca.

To view the proposed amendments, please go to: http://www.mfda.ca/regulation/propamend.html

The proposed amendments may also be viewed on the BCSC website at: http://www.bcsc.bc.ca/Marketplaces/SRO/MFDA/Request_for_Comment__Proposed_Amendments_to_MFDA_Rule_1_2_5_(Misleading_Business_Titles_Prohibited)/

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