Notice of Commission Approval - Amendments to IDA By-law 2.4 - Membership

THE INVESTMENT DEALERS ASSOCIATION OF CANADA (IDA)

AMENDMENTS TO BY-LAW 2.4 RELATING TO MEMBERSHIP

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to By-law 2.4 relating to membership. In addition, the Alberta Securities Commission approved and the British Columbia Securities Commission did not object to the amendments. The purpose of the amendments is to increase the deposit for an application for membership from $2,000 to $10,000 and to clarify that the deposit is non-refundable. The amendment is housekeeping in nature.

The description and a copy of the amendment is contained in Chapter 13 of this Ontario Securities Commission Bulletin.