Policy Amendments

Amendment

Date

Bulletin No.

Policy 1 – New Registrant Training and Supervision – published originally February 23, 2001

Supervision Policy, The First 90 Day Period and The Subsequent 90 Day Period

Dec. 11, 2008

0346-P

References to MFDA Rule 1.2.1(c) are amended to reference MFDA Rule 1.2.4

Mar. 17, 2016

0683-P

Policy 2 – Minimum Standards for Account Supervision- published originally February 23, 2001

A one-year transition period (expiring December 3, 2011) was provided to accommodate certain changes including:

  • branch and head office trade review criteria/thresholds;
  • amendments to the list of mandatory KYC information that must be collected on account opening;and
  • the requirement, where any material changes have been made to the information contained in the New Account Application Form or KYC form(s), to promptly provide the client with a document or documents specifying the current risk tolerance, investment objectives, time horizon, income and net worth that apply to the client’s account.

Dec. 3, 2011

0459-P

End of transition period

Dec. 3, 2011

0505-P

Amendments to Policy No. 2 reflect the requirements under Rule 2.2.1(f) and make certain clarifications

Feb. 22, 2013

0560-P

Public interest amendments that allow Members to develop compliance and supervisory structures appropriate for individual types of businesses

Sept. 12, 2013

0576-P

References to “outside business activity” and “dual occupations” are amended to reference “outside activity”

Mar. 17, 2016

0683-P

Consequential changes made to the wording in in Policy No. 2 Minimum Standards for Account Supervision respecting certain supervisory and trade review requirements as a result of amendments to Rule 2.3

Jan. 19, 2017

0712-P

Policy No. 3 – Complaint Handling, Supervisory Investigations and Internal Discipline – published originally February 23, 2001

Amendments to Policy No. 3 address complaint procedures, reporting requirements, settlements with clients and confidentiality

Jan. 13, 2004

0050-M

Complaint Procedure, section 4; Complaint Reporting, all; and Settlement Agreements and Disposition of Claims sections (i) and (ii) deleted

July 3, 2007

0266-P

Renamed from “Handling Client Complaints” to “Complaint Handling, Supervisory Investigations and Internal Discipline“. Wording deleted and replaced in its entirety

Feb. 1, 2010

0417-P

MFDA Policy No. 4 – Internal Control Policy Statements – published originally February 23, 2001

MFDA Internal Control Policy Statements 1 through 5 collectively renamed “MFDA Policy No. 4 – Internal Control Policy Statements”

Dec. 13, 2005

0178-P

Amendment to MFDA Internal Control Policy Statement 1 – General Matters

Dec. 11, 2008

0346-P

Amendment to MFDA Internal Control Policy Statements, Policy Statement 4 – Cash and Securities

Apr. 30, 2012

0524-P

MFDA Policy No. 5 – Branch Review Requirements – published originally July 24, 2006

References to “outside business activity” and “dual occupations” are amended to reference “outside activity”

Mar. 17, 2016

0683-P

As a result of amendments to Rule 2.3, appropriate conforming changes have also been made to Policy No. 5 Branch Review

Jan. 19, 2017

0712-P

MFDA Policy No. 6 – Information Reporting Requirements – published originally July 3, 2007

Amendments to 4(b), 6.1(b), 6.1(d), 7 and 7.1.

Feb. 1, 2010

0417-P

Section 14.1 – Consequential amendment resulting from National Instrument 31 – 103 Registration Requirements and Exemptions

Dec. 3, 2010

0453-P

References to MFDA Rule 1.2.2 are amended to reference MFDA Rule 1.4. References to “occupation” are amended to “outside activity.

Mar. 17, 2016

0683-P

MFDA Policy No. 7 – Performance Reporting – published originally July 15, 2016

Housekeeping amendments to MFDA Policy No.7 (Performance Reporting) and an extension of the transition period applicable to new account statement requirements under Rule 5.3.

July 15, 2016

0649-P

Requirements under NI 31-103, section 14.19 have been reordered. Appropriate amendments have been made to Policy No. 7 to reflect such changes.

Jan. 4, 2018

0738-P

MFDA Policy No. 8 – Proficiency Standard for Approved Persons Selling Exchange Traded Funds (“ETFs”) – published originally July 20, 2017