MFDA Staff Notices

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MFDA Staff Notices are intended to assist Members and their Approved Persons in the interpretation, application of and compliance with MFDA By-laws and Rules. Notices set out MFDA staff's interpretation of how to comply with requirements under MFDA By-laws and Rules. Unlike MFDA By-laws and Rules, MFDA Staff Notices are not prescriptive and are intended to provide guidance only. Members may adopt an approach to complying with a requirement under a MFDA By-law or Rule which differs from staff's interpretation as set out in an MFDA Staff Notice provided such an approach fully satisfies the principle and objective of the By-law or Rule. As non-binding instruments, MFDA Staff Notices are not subject to the approval of the MFDA Board of Directors or the recognizing securities commissions, however, all MFDA Staff Notices are referred to the MFDA Policy Advisory Committee to obtain industry input and comment before issuance.

No.	Title	Status
MSN-0081	Sale of Principal Protected Notes by Approved Persons of MFDA Members	Issued on February 13, 2013
MSN-0080	Payment of Interest on Client Cash Held in Trust	Issued on April 16, 2012
MSN-0079	Approved Person Transfers	Issued on March 4, 2011
MSN-0078	MFDA Rules 2.4.4 (Transaction Fees or Charges) and 5.1(b)(iv) (Requirement for Records)	Issued on February 22, 2011
MSN-0077	Approved Person Proficiency Requirements	Issued on December 7, 2010
MSN-0076	Performance Reporting	Issued on December 3, 2010, suspended on March 4, 2013
MSN-0075	Relationship Disclosure	Issued on December 3, 2010
MSN-0074	Leverage Risk Disclosure	Issued on May 19, 2010, replaces MSN-0006
MSN-0073	Complaint Handling – MFDA Policy No. 3	Issued on April 6, 2010, replaces MSN-0020 and MSN-0059
MSN-0072	Payment of Commissions to Unregistered Corporation	Issued on March 29, 2010, replaces MSN-0002
MSN-0071	Referral Arrangements With Other Securities Registrants	Issued on February 10, 2009, updated on March 4, 2013
MSN-0070	Misleading Communications Regarding Leverage	Issued on May 12, 2008
MSN-0069	Suitability	Issued on April 14, 2008, revised on February 22, 2013
MSN-0068	Servicing of Client Accounts in Transition	Issued on March 20, 2008
MSN-0067	Stealth Advising	Issued on November 14, 2007
MSN-0066	Pre-Signed Forms	Issued on October 31, 2007, updated on March 4, 2013
MSN-0065	Excessive Trading	Issued on October 4, 2007, updated on March 4, 2013
MSN-0064	Maintaining Evidence of Disclosure	Issued on August 22, 2007, updated on March 4, 2013
MSN-0063	Extension to Effective Date of Acceptable Securities Locations Requirement	Issued on June 18, 2007, withdrawn on March 4, 2013
MSN-0062	Exempt Securities of Non-Arm's Length Issuers	Issued on May 24, 2007, updated on March 4, 2013
MSN-0061	Member Obligations Regarding Outsourcing	Issued on February 14, 2007
MSN-0060	Penalty Guidelines	Issued on January 18, 2007
MSN-0059	Complaint Handling Obligations	Issued on December 20, 2006, replaced by MSN-0073
MSN-0058	Acceptable Securities Locations	Issued on December 14, 2006, updated on March 4, 2013
MSN-0057	Joint Regulatory Notice on the Role of Compliance and Supervision	Issued on December 5, 2006, revised on February 6, 2013
MSN-0056	Business Continuity Planning	Issued on October 23, 2006
MSN-0055	Undivided Interests in Land	Issued on July 6, 2006
MSN-0054	Conflicts of Interest – MFDA Rule 2.1.4	Issued on June 22, 2006, updated on March 4, 2013
MSN-0053	Obligation of Members to Communicate Regulatory Information to Approved Persons and Relevant Employees	Issued on December 29, 2005
MSN-0052	MFDA Financial Questionnaire and Report Basis of Presentation Note Disclosure	Issued on December 22, 2005, updated on March 4, 2013
MSN-0051	Capital Provisions for Unresolved Differences in Nominee Name Assets	Issued on December 22, 2005, updated on March 4, 2013
MSN-0050	Related Member Guarantees	Issued on December 22, 2005, withdrawn on March 4, 2013
MSN-0049	Charitable Donation Programs	Issued on December 5, 2005
MSN-0048	Know-Your-Product	Issued on October 31, 2005
MSN-0047	Personal Financial Dealings with Clients	Issued on October 3, 2005
MSN-0046	Out of Province Registration – Multilateral Instrument 11-101 – Principal Regulator System	Issued on September 29, 2005, withdrawn on March 4, 2013
MSN-0045	Joint Representative Codes	Issued on September 19, 2005
MSN-0044	Member Obligations Regarding Service Providers	Issued on July 6, 2005
MSN-0043	Referral Arrangements in Respect of Specific Securities	Issued on July 5, 2005, updated on March 4, 2013
MSN-0042	Limited Trading Authorizations and Intermediary Accounts	Issued on June 16, 2005
MSN-0041	Automatic Conversion of Deferred Sales Charge to 0% Front End Load Units Without Client Knowledge or Consent	Issued on June 8, 2005, updated on March 4, 2013
MSN-0040	Outside Business Activities	Issued on May 20, 2005
MSN-0039	Implementation Date for Revised Limited Trading Authorization for New Accounts (Individual and Joint)	Issued on April 26, 2005, replaces MSN-0007, MSN-0010 and MSN-0012
MSN-0038	Revised Limited Trading Authorization Form and Guidelines for Individual and Joint Accounts	Issued on April 15, 2005, replaces MSN-0007, MSN-0010 and MSN-0012
MSN-0037	Compliance Responsibilities	Issued on March 16, 2005
MSN-0036	MFDA Access to Information – Service Arrangements and Introducing/Carrying Arrangements	Issued on December 21, 2004
MSN-0035	Recording and Maintaining Evidence of Client Trade Instructions	Issued on December 10, 2004, updated on March 4, 2013
MSN-0034	Joint Regulatory Notice – Update to Joint Service and Omnibus Arrangements Between IDA and MFDA Members	Issued on November 30, 2004
MSN-0033	Websites of Approved Persons of MFDA Members	Issued on November 22, 2004, updated on March 4, 2013
MSN-0032	MFDA Rule 1.1.7 – Use of Business, Style or Trade Names by Members and Approved Persons	Issued on November 22, 2004, updated on March 4, 2013
MSN-0031	Powers of Attorney – Rule 2.3.1 – Exception for Family Members of Approved Persons	Issued on October 29, 2004, updated on March 4, 2013
MSN-0030	Referral Arrangements	Issued on September 20, 2004, withdrawn on March 4, 2013
MSN-0029	Joint Regulatory Notice – Joint Service and Omnibus Arrangements Between IDA and MFDA Members	Issued on June 11, 2004
MSN-0028	Out of Province Registration (Expiration of Transition Period)	Issued on May 21, 2004, withdrawn on March 4, 2013
MSN-0027	Notification of Termination of Approved Persons	Issued on March 29, 2004, withdrawn on March 4, 2013
MSN-0026	Transition Periods	Issued on February 27, 2004, withdrawn on March 4, 2013
MSN-0025	Suitability Obligations for Unsolicited Orders	Issued on February 24, 2004
MSN-0024	Portfolio Summaries	Issued on February 24, 2004
MSN-0023	Late Trading and Market Timing	Issued on December 19, 2003
	Joint Regulatory Notice on Federal and Provincial Privacy Legislation	Issued on December 3, 2003
MSN-0022	Out of Province Registration	Issued on October 29, 2003, withdrawn on March 4, 2013
MSN-0021	Late Filing Fees	Issued on October 23, 2003, updated on March 4, 2013
MSN-0020	Client Complaint Information	Issued on October 21, 2003, replaced by MSN-0073
MSN-0019	Member Resignations and Reorganizations	Issued on May 5, 2003, updated on March 4, 2013
MSN-0018	Extension of Certain Transition Periods	Issued on April 17, 2003, withdrawn on March 4, 2013
MSN-0017	Transfer of Client Accounts	Issued on March 28, 2003
MSN-0016	Electronic Signatures	Issued on January 23, 2003
MSN-0015	Electronic Delivery	Issued on January 23, 2003, withdrawn on March 4, 2013
MSN-0014	Supervision Requirements for Licensed Assistants at Branch Offices	Issued on October 2, 2002
MSN-0013	Undertaking Regarding Retractable Preferred Shares	Issued on July 12, 2002, updated on March 4, 2013
MSN-0012	Revised Limited Trading Authorization Form and Guidelines	Issued on April 5, 2002, replaced by MSN-0038 and MSN-0039
MSN-0011	Agency Agreements	Issued on November 28, 2001
MSN-0010	Amendments to Limited Trading Authorization Form and Guidelines	Issued on November 12, 2001, replaced by MSN-0038 and MSN-0039
MSN-0009	Dual Occupations – Selling Deposit Instruments and Providing Non-Securities-Related Financial Planning Services	Issued on October 1, 2001, updated on March 4, 2013
MSN-0008	Policies and Procedures Manual	Issued on March 16, 2001
MSN-0007	Limited Trading Authorizations	Issued on March 16, 2001, replaced by MSN-0038 and MSN-0039
MSN-0006	Borrowing Money to Buy Securities (Leveraging)	Issued on March 16, 2001, replaced by MSN-0074
MSN-0005	Financial Questionnaire and Report – Related Transition Periods	Issued on March 16, 2001, withdrawn on March 4, 2013
MSN-0004	Member Fee Guidelines effect	Issued on March 16, 2001, withdrawn on March 4, 2013
MSN-0003	Introducing/Carrying Dealer Arrangements	Issued on March 16, 2001, updated on March 4, 2013
MSN-0002	Payment of Commissions to Non-Registered Entities	Issued on May 15, 2001, replaced by MSN-0072
MSN-0001	Transition Periods	Issued on March 16, 2001, withdrawn on March 4, 2013

Questions regarding any aspect of our Rule Book should be directed to Membership Services via e-mail at membershipservices@mfda.ca, or via telephone at 416-361-6332 or 1-888-466-6332.