Notice of Commission Approval - IDA Proposed Amendments to By-law 40, Regarding Individual Approvals, Notifications and Related Fees and National Registration Database

Investment Dealers Association rule review

January 21, 2005

THE INVESTMENT DEALERS ASSOCIATION (IDA)

PROPOSED AMENDMENTS TO IDA BY-LAW 40

REGARDING INDIVIDUAL APPROVALS, NOTIFICATIONS AND

RELATED FEES AND NATIONAL REGISTRATION DATABASE

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved proposed amendments to IDA By-law 40 regarding individual approvals, notifications and related fees and National Registration Database (NRD). In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendments. The purposes of the amendments are to extend the requirement to file through NRD to Quebec Members, applicants and approved persons and provide for the transition from paper to electronic filing. A copy and description of the proposed amendments were published on November 5, 2004, at (2004) 27 OSCB 9144. No comments were received.