MFDA Staff Notices are intended to assist Members and their Approved Persons in the interpretation, application of and compliance with MFDA By-laws and Rules. Notices set out MFDA staff’s interpretation of how to comply with requirements under MFDA By-laws and Rules. Unlike MFDA By-laws and Rules, MFDA Staff Notices are not prescriptive and are intended to provide guidance only. Members may adopt an approach to complying with a requirement under a MFDA By-law or Rule which differs from staff’s interpretation as set out in an MFDA Staff Notice provided such an approach fully satisfies the principle and objective of the By-law or Rule. As non-binding instruments, MFDA Staff Notices are not subject to the approval of the MFDA Board of Directors or the recognizing securities commissions, however, all MFDA Staff Notices are referred to the MFDA Policy Advisory Committee to obtain industry input before issuance and may, depending on the nature of the subject matter, be posted on the MFDA website for wider stakeholder comment. When MFDA Staff Notices are posted for comment, individual comment submissions will be made publicly available on the MFDA’s website together with a summary of the submissions and the response of MFDA staff.
Questions regarding any aspect of our Rule Book should be directed to Membership Services via e-mail at membershipservices@mfda.ca, or via telephone at 416-361-6332 or 1-888-466-6332.
| No. | Date | Title |
|---|---|---|
| MSN-0084 | February 26, 2016 | Advance Instructions for Account Rebalancing |
| MSN-0083 | November 25, 2014 | Account Statement Disclosure Respecting MFDA IPC Coverage |
| MSN-0082 | September 12, 2013 | Branch Supervision |
| MSN-0081 | February 13, 2013 | Sale of Principal Protected Notes by Approved Persons of MFDA Members |
| MSN-0080 | April 16, 2012 | Payment of Interest on Client Cash Held in Trust |
| MSN-0079 | March 4, 2011 | Approved Person Transfers |
| MSN-0078 | February 22, 2011
(Updated February 19, 2015) |
MFDA Rules 2.4.4 (Transaction Fees or Charges) and 5.1(b)(iv) (Requirement for Records) |
| MSN-0077 | December 7, 2010 | Approved Person Proficiency Requirements |
| MSN-0076 | December 3, 2010 | Performance Reporting (suspended March 4, 2013) |
| MSN-0075 | December 3, 2010 | Relationship Disclosure |
| MSN-0074 | April 6, 2010
(Updated May 19, 2010) |
Leverage Risk Disclosure |
| MSN-0073 | April 5, 2010
(Updated October 16, 2015) |
Complaint Handling – MFDA Policy No. 3 |
| MSN-0072 | March 29, 2010 | Payment of Commissions to Unregistered Corporation |
| MSN-0071 | February 10, 2009
(Updated March 4, 2013) |
Referral Arrangements With Other Securities Registrants |
| MSN-0070 | May 12, 2008 | Misleading Communications Regarding Leverage |
| MSN-0069 | April 14, 2008
(Updated February 22, 2013) |
Suitability |
| MSN-0068 | March 20, 2008 | Servicing of Client Accounts in Transition |
| MSN-0067 | November 14, 2007 | Stealth Advising |
| MSN-0066 | October 31, 2007
(Updated January 26, 2017) |
Signature Falsification |
| MSN-0065 | October 4, 2007
(Updated March 4, 2013) |
Excessive Trading |
| MSN-0064 | August 22, 2007
(Updated March 4, 2013) |
Maintaining Evidence of Disclosure |
| MSN-0063 | June 18, 2007 | Extension to Effective Date of Acceptable Securities Locations Requirement (withdrawn March 4, 2013) |
| MSN-0062 | May 24, 2007
(Updated March 4, 2013) |
Exempt Securities of Non-Arm's Length Issuers |
| MSN-0061 | February 14, 2007 | Member Obligations Regarding Outsourcing |
| MSN-0060 | January 18, 2007 | Penalty Guidelines |
| MSN-0059 | December 20, 2006 | Complaint Handling Obligations (replaced by MSN-0073) |
| MSN-0058 | December 14, 2006
(Updated March 4, 2013) |
Acceptable Securities Locations |
| MSN-0057 | December 5, 2006
(Updated February 6, 2013) |
Joint Regulatory Notice on the Role of Compliance and Supervision |
| MSN-0056 | October 23, 2006 | Business Continuity Planning |
| MSN-0055 | July 6, 2006 | Undivided Interests in Land |
| MSN-0054 | June 22, 2006
(Updated March 4, 2013) |
Conflicts of Interest – MFDA Rule 2.1.4 |
| MSN-0053 | December 29, 2005 | Obligation of Members to Communicate Regulatory Information to Approved Persons and Relevant Employees |
| MSN-0052 | December 22, 2005
(Updated March 4, 2013) |
MFDA Financial Questionnaire and Report Basis of Presentation Note Disclosure |
| MSN-0051 | December 22, 2005
(Updated March 4, 2013) |
Capital Provisions for Unresolved Differences in Nominee Name Assets |
| MSN-0050 | December 22, 2005 | Related Member Guarantees (withdrawn March 4, 2013) |
| MSN-0049 | December 5, 2005 | Charitable Donation Programs |
| MSN-0048 | October 31, 2005 | Know-Your-Product |
| MSN-0047 | October 3, 2005 | Personal Financial Dealings with Clients |
| MSN-0046 | September 29, 2005 | Out of Province Registration – Multilateral Instrument 11-101 – Principal Regulator System (withdrawn March 4, 2013) |
| MSN-0045 | September 19, 2005 | Joint Representative Codes |
| MSN-0044 | July 6, 2005 | Member Obligations Regarding Service Providers |
| MSN-0043 | July 5, 2005
(Updated March 4, 2013) |
Referral Arrangements in Respect of Specific Securities |
| MSN-0042 | June 16, 2005 | Limited Trading Authorizations and Intermediary Accounts |
| MSN-0041 | June 8, 2005
(Updated March 4, 2013) |
Automatic Conversion of Deferred Sales Charge to 0% Front End Load Units Without Client Knowledge or Consent |
| MSN-0040 | May 20, 2005
(Updated March 17, 2016) |
Outside Activity |
| MSN-0039 | April 26, 2005 | Implementation Date for Revised Limited Trading Authorization for New Accounts (Individual and Joint) |
| MSN-0038 | April 15, 2005 | Revised Limited Trading Authorization Form and Guidelines for Individual and Joint Accounts |
| MSN-0037 | March 16, 2005 | Compliance Responsibilities |
| MSN-0036 | December 21, 2004 | MFDA Access to Information – Service Arrangements and Introducing/Carrying Arrangements |
| MSN-0035 | December 10, 2004
(Updated March 4, 2013) |
Recording and Maintaining Evidence of Client Trade Instructions |
| MSN-0034 | November 30, 2004 | Joint Regulatory Notice – Update to Joint Service and Omnibus Arrangements Between IDA and MFDA Members |
| MSN-0033 | November 22, 2004
(Updated March 4, 2013) |
Websites of Approved Persons of MFDA Members |
| MSN-0032 | November 22, 2004
(Updated March 4, 2013) |
MFDA Rule 1.1.7 – Use of Business, Style or Trade Names by Members and Approved Persons |
| MSN-0031 | October 29, 2004
(Updated January 19, 2017) |
Control or Authority over the Financial Affairs of a Client – Rule 2.3.1 |
| MSN-0030 | September 20, 2004 | Referral Arrangements (withdrawn March 4, 2013) |
| MSN-0029 | June 11, 2004 | Joint Regulatory Notice – Joint Service and Omnibus Arrangements Between IDA and MFDA Members |
| MSN-0028 | May 21, 2004 | Out of Province Registration (Expiration of Transition Period) (withdrawn March 4, 2013) |
| MSN-0027 | March 29, 2004 | Notification of Termination of Approved Persons (withdrawn March 4, 2013) |
| MSN-0026 | February 27, 2004 | Transition Periods (withdrawn March 4, 2013) |
| MSN-0025 | February 24, 2004 | Suitability Obligations for Unsolicited Orders |
| MSN-0024 | February 24, 2004
(Updated April 9, 2018) |
Portfolio Summaries |
| MSN-0023 | December 19, 2003 | Late Trading and Market Timing |
| MSN-Privacy | December 3, 2003 | Joint Regulatory Notice on Federal and Provincial Privacy Legislation |
| MSN-0022 | October 29, 2003 | Out of Province Registration (withdrawn March 4, 2013) |
| MSN-0021 | October 23, 2003
(Updated March 4, 2013) |
Late Filing Fees |
| MSN-0020 | October 21, 2003 | Client Complaint Information (replaced by MSN-0073) |
| MSN-0019 | May 5, 2003
(Updated March 4, 2013) |
Member Resignations and Reorganizations |
| MSN-0018 | April 17, 2003 | Extension of Certain Transition Periods (withdrawn March 4, 2013) |
| MSN-0017 | March 28, 2003 | Transfer of Client Accounts |
| MSN-0016 | January 23, 2003 | Electronic Signatures |
| MSN-0015 | January 23, 2003 | Electronic Delivery (withdrawn March 4, 2013) |
| MSN-0014 | October 2, 2002 | Supervision Requirements for Licensed Assistants at Branch Offices |
| MSN-0013 | July 12, 2002
(Updated March 4, 2013) |
Undertaking Regarding Retractable Preferred Shares |
| MSN-0012 | April 5, 2002 | Revised Limited Trading Authorization Form and Guidelines (replaced by MSN-0038 and MSN-0039) |
| MSN-0011 | November 28, 2001 | Agency Agreements |
| MSN-0010 | November 12, 2001 | Amendments to Limited Trading Authorization Form and Guidelines (replaced by MSN-0038 and MSN-0039) |
| MSN-0009 | October 1, 2001
(Updated March 4, 2013) |
Dual Occupations – Selling Deposit Instruments and Providing Non-Securities-Related Financial Planning Services |
| MSN-0008 | March 16, 2001 | Policies and Procedures Manual |
| MSN-0007 | March 16, 2001 | Limited Trading Authorizations (replaced by MSN-0038 and MSN-0039) |
| MSN-0006 | March 16, 2001 | Borrowing Money to Buy Securities (Leveraging) (replaced by MSN-0074) |
| MSN-0005 | March 16, 2001 | Financial Questionnaire and Report – Related Transition Periods (withdrawn March 4, 2013) |
| MSN-0004 | March 16, 2001 | Member Fee Guidelines (withdrawn March 4, 2013) |
| MSN-0003 | March 16, 2001
(Updated March 4, 2013) |
Introducing/Carrying Dealer Arrangements |
| MSN-0002 | May 15, 2001 | Payment of Commissions to Non-Registered Entities (replaced by MSN-0072) |
| MSN-0001 | March 16, 2001 | Transition Periods (withdrawn March 4, 2013) |