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ARTICLE · 12 NOVEMBER 2007

Brokers’ Report (September 2007)

Borden Ladner Gervais LLP
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On July 3, 2007, the Mutual Fund Dealers Association of Canada ("MFDA") approved MFDA Policy No. 6 (Information Reporting Requirements), which establishes minimum reporting requirements concerning events that Approved Persons are required to report to Members and events that Members are required to report to the MFDA pursuant to Rule 1.2.5.

CanadaFinance and Banking
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By Angela Vivolo and Kara Beitel
Edited by David Di Paolo

COMPLIANCE

On July 3, 2007, the Mutual Fund Dealers Association of Canada ("MFDA") approved MFDA Policy No. 6 (Information Reporting Requirements), which establishes minimum reporting requirements concerning events that Approved Persons are required to report to Members and events that Members are required to report to the MFDA pursuant to Rule 1.2.5. Events that must be reported are not limited solely to securities related business, but include all business conducted by Approved Persons and Members. However, the obligation to report an event is limited to events of which an Approved Person or Member has become aware of regardless of how they became aware of it. All requirements to report events regarding former Approved Persons are limited to events which occurred while the Approved Person was an Approved Person of the Member.

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