Notice of BCSC Non-Objection to Proposed Public Interest Amendments to MFDA Rule 5.3 – Client Reporting
View PDF of Notice of BCSC Non-Objection to Proposed Public Interest Amendments to MFDA Rule 5.3 - Client ReportingMFDA's summary of public comments received and responses
As of February 21, 2012, the BCSC and the MFDA's other recognizing regulators1 did not object to or approved2 proposed pubic interest amendments to MFDA Rule 5.3 - Client Reporting.
The proposed amendments ensure that the MFDA's account statement delivery requirements are consistent with those in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.
The BCSC published the proposed amendments for comment on its website on October 28, 2011 for a 30-day comment period. The MFDA received one public comment letter. We attach the MFDA's summary of public comments received and responses.
March 2, 2012
Ref: Request for comment: Proposed amendments to MFDA Rule 5.3 (Client Reporting)
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1 Alberta Securities Commission, Saskatchewan Financial Services Commission, Manitoba Securities Commission, Ontario Securities Commission, New Brunswick Securities Commission and Nova Scotia Securities Commission.
2 Non-objection and approval are the different ways in which the recognizing regulators express their decisions after reviewing proposed MFDA rules.