Notice of BCSC non-objection: MFDA hearing panel (Section 19.9 of By-law No.1)

On June 18, 2007, the BCSC did not object to the MFDA's proposal to amend section 19.9 of By-law No. 1 - Hearing Panels.

The Alberta Securities Commission, Saskatchewan Financial Services Commission, Ontario Securities Commission and Nova Scotia Securities Commission have approved the MFDA's proposal.

The MFDA proposal allows a hearing panel to consist of two members if an industry representative is unable to continue serving on the hearing panel, provided that one of the remaining members is the appointed public representative.

The BCSC published the proposal for comment on its website on October 27, 2006. The MFDA has summarized the comments received on the proposal and provided responses. A copy of the summary and MFDA response is attached together with a blacklined copy of the above MFDA proposal showing the changes made from the previously published version.

July 20, 2007

View PDF of Summary of Public Comments Respecting Amendments to MFDA Section 19.9 of By-law No.1 PDF

View PDF of MFDA Hearing Panels (Section 19.9 of By-law No.1) - Blackline PDF