Notice of Commission Approval - Amendments to IDA By-laws 10.1 and 10.4 - Board of Directors, National Advisory Committee

INVESTMENT DEALERS ASSOCATION

OF CANADA

AMENDMENTS TO BY-LAWS 10.1 AND 10.4

REGARDING THE BOARD OF DIRECTORS,

NATIONAL ADVISORY COMMITTEE AND MEETINGS

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to IDA By-laws 10.1 and 10.4 -- Board of Directors, National Advisory Committee and Meetings. In addition, the British Columbia Securities Commission and Alberta Securities Commission did not object to, and the Autorité des marchés financiers approved, the amendments. The purpose of the amendments is to enhance the corporate governance structure by creating a structure that is manageable in size for effective governance and decision making, and which reflects a higher standard of independence. The proposed amendments were published for comment on May 19, 2006 at (2006) 29 OSCB 4280. Some non-material changes have been made to the amendments to By-law 10.4 that were originally proposed and published, and a black-lined version highlighting these particular approved amendments is included in Chapter 13 of this Bulletin. No comments were received.