Table of MFDA By-Law Amendments

1

Preamble

Expressly reference Rules and Policies

By-Law No. 13

8-Jan-07

0246-P

1

Definitions

Definition of “Act” amended

By-Law No. 20

26-Sep-14

0615-P

1

Definitions

Definition of “Appointments Committee” added

By-Law No. 6

5-Dec-03

0048-M

1

Definitions

Definition of “Approved Person”

By-Law No. 19

6-Dec-13

0587-P

1

Definitions

Definition of “Articles” added

By-Law No. 20

26-Sep-14

0615-P

1

Definitions

Definition of “associate” amended

By-Law No. 18

3-Dec-12

0549-P

1

Definitions

Definition of “auditor” added

By-Law No. 20

26-Sep-14

0615-P

1

Definitions

Definition of “Board of Directors”/”Board” amended

By-Law No. 7

5-Dec-03

0048-M

1

Definitions

Definition of “client name” amended

By-Law No. 7

5-Dec-03

0048-M

1

Definitions

Definition of “control” or “controlled” amended

By-Law No. 7

5-Dec-03

0048-M

1

Definitions

Definition of “control” and “controlled”

By-Law No. 13

8-Jan-07

0246-P

1

Definitions

Definition of “IDA” (enacted by By-law No.1) deleted

By-Law No. 5

5-Dec-03

0048-M

1

Definitions

Definition of “IFIC” (enacted by By-law No.1) deleted

By-Law No. 5

5-Dec-03

0048-M

1

Definitions

Definition of “Industry Director” added

By-Law No. 5

5-Dec-03

0048-M

1

Definitions

Definition of “Hearing Panel” added

By-Law No. 6

5-Dec-03

0048-M

1

Definitions

Definition of “industry representative” added

By-Law No. 6

5-Dec-03

0048-M

1

Definitions

Definition of “Letters Patent” deleted

By-Law No. 20

26-Sep-14

0615-P

1

Definitions

Definition of “MFDA” added

By-Law No. 7

5-Dec-03

0048-M

1

Definitions

Definition of “monitor” added

By-Law No. 13

1-Aug-08

0318-P

1

Definitions

Definition of “nominee name” amended

By-Law No. 7

5-Dec-03

0048-M

1

Definitions

Definition of “Notice of Hearing” amended

By-Law No. 8

5-Dec-03

0048-M

1

Definitions

Definition of “Public Director” amended

By-Law No. 5

5-Dec-03

0048-M

1

Definitions

Definition of “Public Director” amended

By-Law No. 18

3-Dec-12

0549-P

1

Definitions

Definition of “public representative” added

By-Law No. 6

5-Dec-03

0048-M

1

Definitions

Definition of “records” added

By-Law No. 23

7-May-20

0822-P

1

Definitions

Definition of “Regional Annual Meeting” (enacted by By-law No.1) deleted

By-Law No. 6

5-Dec-03

0048-M

1

Definitions

Definition of “Regional Council” amended

By-Law No. 6

5-Dec-03

0048-M

1

Definitions

Definition of “related Member” amended

By-Law No. 7

5-Dec-03

0048-M

1

Definitions

Definition of “previous director” deleted

By-law No. 9

3-Dec-04

0118-P

1

Definitions

Definition of “sub-branch” amended

By-Law No. 20

26-Sep-14

0615-P

2

Interpretation

amended

By-Law No. 201

26-Sep-14

0615-P

2.6

Interpretation of the Board of Directors

amended

By-Law No. 7

5-Dec-03

0048-M

amended

B7-Law No. 20

26-Sep-14

0615-P

3

Directors

(enacted by By-law No.1) deleted and replaced

By-Law No. 5

5-Dec-03

0048-M

3.2

Composition of the Board of Directors

amended

By-Law No. 18

3-Dec-12

0549-P

amended

By-Law No. 20

26-Sep-14

0615-P

3.3.2

Public Directors

amended

By-Law No. 20

26-Sep-14

0615-P

amended

By-Law No. 21

30-Jan-20

0807-P

3.3.3

Industry Directors

amended

By-Law No. 20

26-Sep-14

0615-P

amended

By-Law No. 21

30-Jan-20

0807-P

3.3.4

Transition

added

By-Law No. 21

30-Jan-20

0807-P

3.4.2

Vacancies

amended

By-Law No. 20

26-Sep-14

0615-P

3.4.7

Vacancies

amended

By-Law No. 20

26-Sep-14

0615-P

3.6.1

Governance Committee

amended

By-Law No. 18

3-Dec-12

0549-P

amended

By-Law No. 21

30-Jan-20

0807-P

3.6.2

Audit Committee

amended

By-Law No. 17

3-Dec-12

0549-P

4.2

Notice

amended

By-Law No. 20

26-Sep-14

0615-P

4.4

Chair and Secretary

amended

By-Law No. 20

26-Sep-14

0615-P

4.7

Quorum

amended

By-Law No. 5

5-Dec-03

0048-M

amended

By-Law No. 20

26-Sep-14

0615-P

amended

By-Law No. 21

30-Jan-20

0807-P

4.10

Resolution in Lieu of Meeting

amended

By-Law No. 20

26-Sep-14

0615-P

5.1

Administer Affairs

amended

By-Law No. 20

26-Sep-14

0615-P

6

Interested Director Contracts

Renamed as Interested Director and Officer Contracts

By-Law No. 20

26-Sep-14

0615-P

6.1

Conflict of Interest

amended

By-Law No. 20

26-Sep-14

0615-P

6.2

Submission of Contracts or Transactions to Members for Approval

deleted

By-Law No. 20

26-Sep-14

0615-P

6.3

Interest Respecting the IDA or IFIC

(enacted by By-law No.1) deleted

By-Law No. 5

5-Dec-03

0048-M

7.1

Officers – Appointment

amended

By-Law No. 5

5-Dec-03

0048-M

amended

By-Law No. 20

26-Sep-14

0615-P

7.2.4

Vacancies

deleted

By-Law No. 20

26-Sep-14

0615-P

added

By-Law No. 20

26-Sep-14

0615-P

7.2.5

Vacancies

added

By-Law No. 20

26-Sep-14

0615-P

7.4

Removal of Officers

Amended

By-law No. 5

5-Dec-03

0048-M

7.6.4

Chief Operating Officer

amended

By-Law No. 20

26-Sep-14

0615-P

7.6.5

Vice-President

Renamed as Vice-Presidents; amended

By-Law No. 20

26-Sep-14

0615-P

8.

For the Protection of Directors and Officers

amended

By-law No. 11

17-Jan-05

0122-P

8.1

Limitation of Liability

amended

By-law No. 11

17-Jan-05

0122-P

amended

By-Law No. 20

26-Sep-14

0615-P

8.2

Indemnity

amended

By-Law No. 7

5-Dec-03

0048-M

amended

By-law No. 11

17-Jan-05

0122-P

8.2.1

Indemnity

amended

By-law No. 11

17-Jan-05

0122-P

amended

By-Law No. 20

26-Sep-14

0615-P

8.2.2

Indemnity

amended

By-law No. 11

17-Jan-05

0122-P

amended

By-Law No. 20

26-Sep-14

0615-P

8.3

Action, Suit or Proceeding Threatened, Brought, etc. by the Corporation

added

By-Law No. 7

5-Dec-03

0048-M

8.3

Action, Suit or Proceeding Threatened, Brought, etc. by the Corporation

amended

By-law No. 11

17-Jan-05

0122-P

8.4

Insurance

formerly 8.3, renumbered as s.8.4

By-Law No. 7

5-Dec-03

0048-M

8.4

Insurance

amended

By-law No. 11

17-Jan-05

0122-P

9.3

Amalgamation of Members

amended

By-Law No. 20

26-Sep-14

0615-P

11.4.1

amended

By-law No. 14

2-Oct-08

0331-P

11.4.4

added

By-law No. 14

2-Oct-08

0331-P

11.5

Right to be Heard

renamed as Power to Vary or Remove Terms and Conditions, amended

By-law No. 14

2-Oct-08

0331-P

11.5.1

deleted

By-law No. 14

2-Oct-08

0331-P

11.5.2

deleted

By-law No. 14

2-Oct-08

0331-P

11.5.3

amended

By-Law No. 10

10-Jan-05

0121-P

11.5.3

deleted

By-law No. 14

2-Oct-08

0331-P

11.6

Hearing

renamed as Notice, amended

By-law No. 14

2-Oct-08

0331-P

11.6.1

Hearing

amended

By-Law No. 9

3-Dec-04

0118-P

deleted

By-law No. 14

2-Oct-08

0331-P

11.6.2

Hearing

deleted

By-law No. 14

2-Oct-08

0331-P

11.6.3

Hearing

deleted

By-Law No. 7

5-Dec-03

0048-M

numbering removed, becomes text of Notice (11.6)

By-law No. 14

2-Oct-08

0331-P

11.6.4

Hearing

renumbered as 11.6.3

By-Law No. 7

5-Dec-03

0048-M

11.7

Power to Vary or Remove Terms and Conditions

deleted and replaced by new Section 11.7 (formerly 11.8)

By-law No. 14

2-Oct-08

0331-P

11.7

Review

formerly 11.8

By-Law No. 14

2-Oct-08

0331-P

11.7.1

Power to Vary or Remove Terms and Conditions

deleted

By-law No. 14

2-Oct-08

0331-P

11.7.2

Power to Vary or Remove Terms and Conditions

deleted

By-law No. 14

2-Oct-08

0331-P

11.7.3

Review

added

By-law No. 14

2-Oct-08

0331-P

11.8

Review

added

By-Law No. 7

5-Dec-03

0048-M

11.8

Review

renumbered as 11.7, amended

By-law No. 14

2-Oct-08

0331-P

11.8

Board of Directors

new title added; section amended

By-Law No. 14

2-Oct-08

0331-P

11.8.1

Review

renumbered as 11.7.1, amended: 11.7.1(c) added; 11.7.1(d) renumbered and amended

By-law No. 14

2-Oct-08

0331-P

11.8.2

Review

amended

By-Law No. 10

10-Jan-05

0121-P

11.8.2

Review

renumbered as 11.7.2, amended; (a) amended; (b) deleted and replaced; (c) deleted

By-law No. 14

2-Oct-08

0331-P

11.8.3

Board of Directors

renumbered as 11.8.1, amended

By-Law No. 14

2-Oct-08

0331-P

11.8.4

Review

added

By-Law No. 10

10-Jan-05

0121-P

11.8.4

Board of Directors

renumbered as 11.8.2, amended

By-Law No. 14

2-Oct-08

0331-P

11.9

Actions upon Approval of Application

formerly 11.8, renumbered as 11.9

By-Law No. 7

5-Dec-03

0048-M

11.10

Approval Process

added

By-Law No. 10

10-Jan-05

0121-P

deleted

By-law No. 14

2-Oct-08

0331-P

12.1

Time and Place of Meetings

amended

By-Law No. 20

26-Sep-14

0615-P

12.2

Annual Meetings

amended

By-Law No. 5

5-Dec-03

0048-M

12.3

Special Meetings

amended

By-Law No. 20

26-Sep-14

0615-P

12.4

Notice

amended

By-Law No. 20

26-Sep-14

0615-P

12.5

Error or Omission in Giving Notice

renumbered as 12.6

By-Law No. 20

26-Sep-14

0615-P

Waiver of Notice

added

By-Law No. 20

26-Sep-14

0615-P

12.6

Chair, Secretary and Scrutineers

renumbered as 12.7, amended

By-Law No. 20

26-Sep-14

0615-P

12.7

Quorum

renumbered as 12.8, amended

By-Law No. 20

26-Sep-14

0615-P

12.8

Adjournment

renumbered as 12.9

By-Law No. 20

26-Sep-14

0615-P

12.9

Telephone Participation

renumbered as 12.10; renamed Participation by electronic Means; amended

By-Law No. 20

26-Sep-14

0615-P

12.11

Voting of Members

renumbered as 12.13; amended

By-Law No. 20

26-Sep-14

0615-P

Meeting Held by Electronic Means

New (formerly part of 12.10)

By-Law No. 20

26-Sep-14

0615-P

12.12

Proxies

amended

By-Law No. 7

5-Dec-03

0048-M

renumbered as 12.14.1; amended

By-Law No. 20

26-Sep-14

0615-P

Resolution in Lieu of meeting

New (formerly part of 12.10); amended

By-Law No. 20

26-Sep-14

0615-P

12.14

Absentee Voting

New

By-Law No. 20

26-Sep-14

0615-P

12.14.2

Telephonic, Electronic or Other Communication Facilities

New

By-Law No. 20

26-Sep-14

0615-P

12.14.3

Mailed-in Ballot

New

By-Law No. 20

26-Sep-14

0615-P

12.14.4

Procedures

New

By-Law No. 20

26-Sep-14

0615-P

13.4

Resignation

amended

By-Law No. 7

5-Dec-03

0048-M

13.8

Ceasing to Carry on Business as a Mutual Fund Dealer

amended

By-Law No. 9

3-Dec-04

0118-P

13.9

Ownership

amended

By-Law No. 7

5-Dec-03

0048-M

15.1

Power to Make Assessment

amended

By-Law No. 7

5-Dec-03

0048-M

16

Effect of Non-Payment of Fees

amended

By-Law No. 20

26-Sep-14

0615-P

17.3

Members of a Region

added

By-Law No. 6

5-Dec-03

0048-M

18

Members of a Region

deleted and replaced by new section 18 – Regional Councils

By-Law No. 6

5-Dec-03

0048-M

18

Regional Councils

enacted

By-Law No. 6

5-Dec-03

0048-M

18.2.2

Ex-officio

amended

By-Law No. 9

3-Dec-04

0118-P

18.10.4

Meetings

amended

By-Law No. 20

26-Sep-14

0615-P

19

Regional Councils

deleted and replaced by new section 19 – Appointed Members to Regional Council and Hearing Panels

By-Law No. 6

5-Dec-03

0048-M

Appointed Members to Regional Council and Hearing Panels

enacted

By-Law No. 6

5-Dec-03

0048-M

19.1

Establishment of Appointmentss Committee

amended

By-Law No. 20

26-Sep-14

0615-P

19.9

Hearing Panels

amended

By-Law No. 13

20-Jul-07

0270-P

amended

By-Law No. 20

26-Sep-14

0615-P

19.13

Appointed Members to Regional Council and Hearing Panels

added

By-Law No. 10

10-Jan-05

0121-P

amended

By-Law No. 13

1-Aug-08

0318-P

amended

By-Law No. 20

26-Sep-14

0615-P

20

Committees

deleted and replaced by new section 20 – Disciplinary Hearings

By-Law No. 8

5-Dec-03

0048-M

20

Disciplinary Hearings

enacted

By-Law No. 8

5-Dec-03

0048-M

20.1.1

Contents of Notice

amended

By-Law No. 10

10-Jan-05

0121-P

20.2

Reply

amended

By-Law No. 10

10-Jan-05

0121-P

20.5

Open to the Public

amended

By-Law No. 9

3-Dec-04

0118-P

20.7

Reasons

amended

By-Law No. 9

3-Dec-04

0118-P

22

Basis of Examination or Investigation

(enacted by By-law No.1) deleted

By-Law No. 8

5-Dec-03

0048-M

Examinations And Investigatory Powers

renamed

By-Law No. 23

7-May-20

0822-P

22.1 (former 23.1)

Investigatory Powers

amended

By-Law No. 8

5-Dec-03

0048-M

Examinations And Investigatory Powers

title amended; (a) amended, (b) amended, (c) amended (d) amended (e) added (f) amended

By-Law No. 23

7-May-20

0822-P

22.2

added

By-Law No. 23

7-May-20

0822-P

22.3

added

By-Law No. 23

7-May-20

0822-P

22.4

added

By-Law No. 23

7-May-20

0822-P

22.5 (former 22.3)

renumbered

By-Law No. 23

7-May-20

0822-P

23 (former 24)

Cooperation with Other Authorities

amended

By-Law No. 7

5-Dec-03

0048-M

23.2

Agreements

amended

By-law No. 12

13-Dec-05

0178-P

23.3

Assistance

amended

By-law No. 12

13-Dec-05

0178-P

24.A

Ombudsman Service

added

By-Law No. 4

6-May-03

0048-M

24.A.5 removed

By-Law No. 16

3-Dec-10

0458-P

24.A.1

Participation in Ombudservice

amended

By-Law No. 20

26-Sep-14

0615-P

24.A.2

No Effect on Jurisdiction

amended

By-Law No. 20

26-Sep-14

0615-P

24.A.4

Provision of Information by Ombudservice

deleted

By-Law No. 21

12-Dec-19

0800-P

24

Discipline Powers

formerly 25, amended

By-Law No. 8

5-Dec-03

0048-M

24.1.2(d)

Members

amended

By-Law No. 13

1-Aug-08

0318-P

24.1.2(g)

Members

amended

By-Law No. 13

1-Aug-08

0318-P

24.2

Costs

amended

By-Law No. 13

1-Aug-08

0318-P

24.3

Suspensions in Certain Circumstances

deleted and replaced by new section 24.3 – Applications in Exceptional Circumstances

By-Law No. 13

1-Aug-08

0318-P

24.3.1

Power to Suspend

deleted and replaced by new section 24.3.1 – Approved Persons

By-Law No. 13

1-Aug-08

0318-P

24.3.1 (b)

Approved Persons

Amended

By-Law No. 20

26-Sep-14

0615-P

24.3.2

Further Suspension, Termination of Rights and Privileges, Expulsion

deleted and replaced by new section 24.3.2 – Members

By-Law No. 13

1-Aug-08

0318-P

24.3.2 (a)

Members

amended

By-Law No. 20

26-Sep-14

0615-P

24.3.2 (b)

Members

amended

By-Law No. 20

26-Sep-14

0615-P

24.3.3

Cause of Financial Loss to the Public

amended

By-Law No. 9

3-Dec-04

0118-P

24.3.3

Cause of Financial Loss to the Public

deleted and replaced by new section 24.3.3 – Powers of a Hearing Panel

By-Law No. 13

1-Aug-08

0318-P

24.3.4

Failure to Pay Fine or Comply with Condition

deleted and replaced by new section 24.3.4 – Notice in Certain Circumstances

By-Law No. 13

1-Aug-08

0318-P

24.3.5

Other Proceedings

amended

By-Law No. 13

1-Aug-08

0318-P

24.3.6

Review of an Application

added

By-Law No. 13

1-Aug-08

0318-P

24.3.7

Timing of a Review

added

By-Law No. 13

1-Aug-08

0318-P

24.3.8

Review Panel

added

By-Law No. 13

1-Aug-08

0318-P

24.3.9

Decision is Final Where no Review

added

By-Law No. 13

1-Aug-08

0318-P

24.3.10

Stay Pending Review of an Application

added

By-Law No. 13

1-Aug-08

0318-P

24.3.11

Powers of a Hearing Panel on a Review of an Application

added

By-Law No. 13

1-Aug-08

0318-P

24.3.12

Open to the Public

added

By-Law No. 13

1-Aug-08

0318-P

24.3.13

Failure to Pay Fee, Levy, Assessment, Fine or Costs

added

By-Law No. 13

1-Aug-08

0318-P

24.4.3

Review and Determination by Hearing Panel

amended

By-Law No. 10

10-Jan-05

0121-P

24.5

Publication of Notice and Penalties

amended

By-Law No. 13

1-Aug-08

0318-P

24.6.2

Review

amended

By-Law No. 10

10-Jan-05

0121-P

24.6.3(d)

Review Hearing

added

By-Law No. 10

10-Jan-05

0121-P

amended

By-Law No. 20

26-Sep-14

0615-P

24.6.3(e)

Review Hearing

added

By-Law No. 10

10-Jan-05

0121-P

24.7

Monitor

added

By-Law No. 13

1-Aug-08

0318-P

24.8

Suspended Members

added

By-Law No. 13

1-Aug-08

0318-P

25.1

Power to Make, Amend or Repeal Rules

amended

By-Law No. 20

26-Sep-14

0615-P

25.9

Prior Involvement

deleted

By-Law No. 8

5-Dec-03

0048-M

26.1

Review of Decisions

amended

By-Law No. 10

10-Jan-05

0121-P

26.2

Review of Decisions

added

By-Law No. 10

10-Jan-05

0121-P

27

Head Office

renamed as Registered Head Office; amended

By-Law No. 20

26-Sep-14

0615-P

28

Seal

amended

By-Law No. 20

26-Sep-14

0615-P

29

Execution of Instruments

formerly 30, amended

By-Law No. 7

5-Dec-03

0048-M

29.1

Execution of Instruments

amended

By-Law No. 20

26-Sep-14

0615-P

29.2

Execution of Instruments

amended

By-Law No. 20

26-Sep-14

0615-P

29.3

Execution of Instruments

amended

By-Law No. 20

26-Sep-14

0615-P

31.1

Service

formerly 32.1, amended

By-Law No. 7

5-Dec-03

0048-M

amended

By-Law No. 20

26-Sep-14

0615-P

31.3

Computation of Time

amended

By-Law No. 20

26-Sep-14

0615-P

32

By-laws

formerly 33, amended

By-Law No. 7

5-Dec-03

0048-M

amended

By-Law No. 20

26-Sep-14

0615-P

35

No Actions Against the Corporation

amended

By-Law No. 16

3-Dec-10

0458-P

amended

By-Law No. 20

26-Sep-14

0615-P

35.A

MFDA Investor Protection Fund

added

By-Law No. 16

3-Dec-10

0458-P

37

Exemptions

amended

By-Law No. 9

3-Dec-04

0118-P