Amended second publication for comment of proposed amendments to MFDA Rule 2.2 (Client Accounts), Policy No. 2 - Minimum Standards for Account Supervision, Rule 2.8 (Client Communications) and Rule 5.3 (Client Reporting) to implement core principles of the Client Relationship Model

View PDF of Amended Second Amendment of Proposed Amendments to MFDA Rule 2.2 (Client Account), Policy No. 2 Minimum Standards for Account Supervision, Rule 2.8 (Client Communications) and Rule 5.3 (Client Reporting)

Date published: May 8, 2009
Comment period expires: July 23, 2009

The Commission is re-publishing proposed amendments to MFDA Rule 2.2 (Client Accounts), Policy No. 2 - Minimum Standards for Account Supervision, Rule 2.8 (Client Communications) and Rule 5.3 (Client Reporting) to implement core principles of the Client Relationship Model, which were published for comment on April 24, 2009, to correct a drafting error in MFDA Policy No. 2. The corrections clarify the review thresholds for branch and head office supervision under sections IV and V of the Policy. Specifically, the corrections rephrase the requirement related to the review thresholds for redemptions, both for the branch and head office levels, to correct the threshold amount and also make the threshold criteria easier to understand. The comment period expires July 23, 2009.