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Bulletin #0499-P

Proposed Amendments to Sections 1 (Definitions) and 3 (Directors) of MFDA By-law No. 1

Contact: Jason
BULLETIN #0499 – P
Corporate Secretary
November 4, 2011
Phone: 416-943-7431

MFDA Bulletin


For Distribution to Relevant Parties within your Firm

Proposed Amendments to Sections 1 (Definitions) and 3 (Directors) of
MFDA By-law No. 1

On November 4, 2011, the British Columbia Securities Commission (“BCSC”) published for public
comment proposed amendments to sections 1 and 3 of MFDA By-law No. 1. The proposed
amendments are intended to permit a broader range of persons to be considered as Public Directors on
the MFDA Board and increase Industry Director participation on the Audit Committee to allow for
broader industry input.

Comments should be made in writing. One copy of each comment letter should be delivered by
February 2, 2012 (within 90 days of the BCSC’s publication of the proposed amendments),
addressed to the attention of Paige Ward, Director, Policy & Regulatory Affairs, 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

To view the proposed amendments, please go to:

The proposed amendments may also be viewed on the BCSC’s website at: