Notice of Commission Approval - Amendments to IDA By-law 3 - Entrance, Annual and Other Fees

Investment Dealers Association rule review

January 16, 2004

THE INVESTMENT DEALERS ASSOCIATION (IDA)

AMENDMENTS TO BY-LAW 3 -- ENTRANCE, ANNUAL, AND OTHER FEES

NOTICE OF COMMISSION APPROVAL

Amendments to the IDA By-law 3 have been approved by the Ontario Securities Commission. In addition, the Alberta Securities Commission did not disapprove and the British Columbia Securities Commission did not object to these amendments. The amendments add paragraph 3.13 and amend existing paragraph 3.10(b).