Industry

INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA (IIROC)

AMENDMENTS TO IIROC DEALER MEMBER RULES 2900

NOTICE OF COMMISSION APPROVAL

The Ontario Securities Commission approved amendments to IIROC's Dealer Member Rule 2900 to reinstate proficiency requirements for Supervisors of Approved Persons dealing with institutional client accounts trading in futures contracts, futures contract options and options trading. The proficiency requirements existed in IIROC's Dealer Member Rules before various amendments to these rules to implement the Registration Reform Project became effective on September 28th, 2009, but were inadvertently excluded and had to be reinstated. The British Columbia Securities Commission did not object to, and the Alberta Securities Commission, the Autorite des marchés financiers, the New Brunswick Securities Commission, the Nova Scotia Securities Commission, the Financial Services Regulation Division of the Department of Government Services for Newfoundland and Labrador and the Saskatchewan Financial Services Commission have approved these rule amendments.

As these rule amendments would not introduce new requirements, and will only reinstate requirements that were accidentally removed, they were not published for comment. They are published in Chapter 13 of this Bulletin.