The OSC has approved amendments to the MFDA's Form 1 to include the definition of "market value". The amendments are intended to clarify the definition of market value and ensure consistency in the valuation of securities by MFDA members. Form 1 is a special purpose report that includes financial statements and it is to be prepared in accordance with IFRS, subject to exceptions prescribed by the MFDA. Under these exceptions, securities reported are to be valued at "market value." The MFDA's definition of "market value" prescribes specific valuation criteria for, among others, listed securities, unlisted and debt securities and precious metal bullion and commodity futures contracts.