BULLETIN #0847-P

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Paige Ward

General Counsel, Corporate Secretary and Vice President, Policy

(416) 943-5838

pward@mfda.ca

BULLETIN #0847-P

December 24, 2020

Proposed Amendments to MFDA Rules 2.3.2 and 2.3.3 Limited Trading Authorization

On December 24, 2020, the British Columbia Securities Commission (“BCSC”) published for public comment proposed amendments deleting MFDA Rule 2.3.3 and 2.3.3 (Limited Trading Authorization). The objectives of the proposed amendments are to reduce unnecessary regulatory burden, revise MFDA Rules to reflect the standardization of industry practices in this area, ensure that MFDA requirements in this area are consistent with those of other Canadian securities regulators, and to address the potential for trade execution delays related to the requirement to use a prescribed form of LTA, having regard to challenges arising as a result of the COVID-19 global pandemic.

Comments

Comments should be made in writing. One copy of each comment letter should be delivered by March 24, 2021 (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 www.mfda.ca.

The proposed amendments may also be viewed on the BCSC website at www.bcsc.bc.ca.

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