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Bulletin #0486-P

Policy
Withdrawal of Proposed Amendments to MFDA Rule 1.2.1(c) (Dual Occupations)

Contact: Paige
Ward
BULLETIN #0486 – P
Director, Policy & Regulatory Affairs
July 6, 2011
Phone: 416-943-5838
E-mail: pward@mfda.ca

MFDA Bulletin
Policy

For Distribution to Relevant Parties within your Firm

Withdrawal of Proposed Amendments to MFDA Rule 1.2.1(c) (Dual
Occupations)

The MFDA is withdrawing proposed amendments to Rule 1.2.1(c)(vii)(A) (formerly Rule
1.2.1(d)(vii)(A)). The proposed amendments were intended to provide clarification with respect
to requirements where financial planning is conducted outside the Member by Approved Persons
as an outside business activity. Subsequently to the approval by the Recognizing Regulators and
prior to Member approval, MFDA staff received comments indicating some misunderstanding
and confusion with respect to the proposed amendments. MFDA staff is currently considering
other amendments to Rule 1.2.1(c) to provide guidance and clarification with respect to outside
business activity generally. As a result, MFDA staff has determined that it is more appropriate to
withdraw the proposed amendments to Rule 1.2.1(c)(vii)(A) in their current form and consider
providing clarification as part of related amendments to Rule 1.2.1(c).



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