33-513 - Exemption from Capital and Bonding Requirements for MFDA Members [BCI]
| Published Date: | 2009-09-25 |
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| Effective Date: | 2009-09-28 |
| Document(s): |
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Concurrently Published:
British Columbia Securities Commission
BC Instrument 33-513
The British Columbia Securities Commission, considering that to do so would not be prejudicial to the public interest, orders that effective September 28, 2009, BC Instrument 33-513 entitled Exemption from financial statement, capital and bonding requirements for MFDA Members, dated November 25, 2003, is revoked and the attached BC Instrument 33-513 Exemption from capital and bonding requirements for MFDA Members is made.
September 21, 2009
Brent W. Aitken
Acting Chair
(This part for administrative purposes only and is not part of the Order)
Authority under which Order is made:
Act and sections:- Securities Act, sections 171 and 48(1)
Other (specify):-
BC Instrument 33-513
Exemption from Capital and Bonding Requirements for MFDA Members
Order under section 48(1) of the Securities Act
Interpretation
1. Terms defined in the Securities Act, the Securities Rules or National Instrument 14-101 Definitions have the same meaning in this Instrument.
Relief from capital and bonding requirements
2. A registrant that is a member of the Mutual Fund Dealers Association of Canada (MFDA) is exempt from sections 19(3), 19(5) and 21 of the Securities Rules if it complies with the bylaws, rules, and other regulatory instruments and policies of the MFDA relating to capital and bonding.