Contact: Paige Ward
BULLETIN #0554 – P
General Counsel & Vice-President, Policy
January 7, 2013
For Distribution to Relevant Parties within your Firm
Proposed Amendments to Section 1 (Definitions) of MFDA By-law No. 1,
Rule 2.5.5 (Branch Manager) and Policy No. 2 Minimum Standards for
On January 4, 2013, the British Columbia Securities Commission (“BCSC”) published for public
comment proposed amendments to section 1 of MFDA By-law No. 1, Rule 2.5.5 (Branch Manager) and
Policy No. 2 Minimum Standards for Account Supervision. The proposed amendments are intended to
provide Members with a more flexible, principle-based approach in determining how to best supervise
their branches, while still ensuring that there are appropriate structures and procedures in place to identify
and manage potential compliance issues at the branch level.
Comments should be made in writing. One copy of each comment letter should be delivered by
April 4, 2013 (within 90 days of the BCSC’s publication of the proposed amendments), addressed to
the attention of Paige Ward, General Counsel & 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 to: https://mfda.ca/regulation/propamend.html.
The proposed amendments may also be viewed on the BCSC’s website at: