Policy Amendments

Amendment	Date	Bulletin No.
Policy 1 – New Registrant Training and Supervision – effective 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– effective 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
CFR conforming changes to Policy 2 due to amendments to NI 31-103. These enhance the protection of older and vulnerable clients by providing registrants, including MFDA Members and Approved Persons, with tools to address issues of financial exploitation and diminished mental capacity.	31-Dec-2021	0894-P
Policy No. 3 – Complaint Handling, Supervisory Investigations and Internal Discipline – effective 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 – effective 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 – effective 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 – effective 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 – effective 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”) – effective July 20, 2017
MFDA Policy No. 9 – Continuing Education (“CE”) Requirements – effective December 1, 2021
MFDA Policy No. 10 – Disclosure of MFDA Membership – effective December 31, 2018
MFDA Policy No. 11 – Proficiency Standards for the Sale of Alternative Mutual Funds – effective July 21, 2022