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MFDA Staff Notices

MFDA Staff Notices are intended to assist Members and their Approved Persons in the interpretation, application of and compliance with MFDA By-laws and Rules. Notices set out MFDA staff’s interpretation of how to comply with requirements under MFDA By-laws and Rules. Unlike MFDA By-laws and Rules, MFDA Staff Notices are not prescriptive and are intended to provide guidance only. Members may adopt an approach to complying with a requirement under a MFDA By-law or Rule which differs from staff’s interpretation as set out in an MFDA Staff Notice provided such an approach fully satisfies the principle and objective of the By-law or Rule. As non-binding instruments, MFDA Staff Notices are not subject to the approval of the MFDA Board of Directors or the recognizing securities commissions, however, all MFDA Staff Notices are referred to the MFDA Policy Advisory Committee to obtain industry input before issuance and may, depending on the nature of the subject matter, be posted on the MFDA website for wider stakeholder comment. When MFDA Staff Notices are posted for comment, individual comment submissions will be made publicly available on the MFDA’s website together with a summary of the submissions and the response of MFDA staff.

Questions regarding any aspect of our Rule Book should be directed to Membership Services via e-mail at, or via telephone at 416-361-6332 or 1-888-466-6332.

No. Date Title
March 16, 2001
Transition Periods (withdrawn March 4, 2013)
March 16, 2001
(Updated March 4, 2013)
Introducing/Carrying Dealer Arrangements
March 16, 2001
Policies and Procedures Manual
March 16, 2001
Limited Trading Authorizations (replaced by MSN-0038 and MSN-0039)
March 16, 2001
Borrowing Money to Buy Securities (Leveraging) (replaced by MSN-0074)
March 16, 2001
Financial Questionnaire and Report – Related Transition Periods (withdrawn March 4, 2013)