Notice of Commission Approval - Amendments to IDA Policy No. 1 Regarding Relationships between Members and Financial Services Entities - Sharing of Office Premises

THE INVESTMENT DEALERS ASSOCIATION OF CANADA ("IDA")

NOTICE OF COMMISSION APPROVAL

AMENDMENTS TO IDA POLICY NO. 1

The Ontario Securities Commission approved amendments to IDA Policy No. 1 regarding relationships between members and financial services entities - sharing of office premises. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendments. The proposed amendments provide guidance on sharing of office premises and re-emphasize the provisions on privacy and confidentiality of client information. A copy and description of these amendments were published on July 11, 2003 at (2003) 26 OSCB 5423. No comments were received. Since the publication of the proposal, the IDA resubmitted the proposal to clarify the two references in the first paragraph of the Policy from "subject to another regulatory regime" to "subject to another Canadian regulatory regime".