Notice of BCSC Non-Objection to Proposed Housekeeping Amendments to MFDA Rule 2.3 Power of Attorney/Limited Trading Authorization

View PDF of Housekeeping Amendments to MFDA Rule 2.3 Power of Attorney/Limited Trading AuthorizationPDF

On November 3, 2008, the BCSC did not object to the MFDAs proposed housekeeping amendments to its Rule 2.3 - Power of Attorney/ Limited Trading Authorization. The Alberta Securities Commission, the Saskatchewan Financial Services Commission, the Manitoba Securities Commission, the Ontario Securities Commission, the New Brunswick Securities Commission and the Nova Scotia Securities Commission have approved the amendments.

The amendments clarify that there is a general prohibition on MFDA members and approved persons accepting discretionary trading authority from a client.

A copy of the amendments is attached.

December 12, 2008