The Canadian Securities Administrators (CSA) released a Staff Notice today summarizing the recent parallel orders enacted by CSA members that provide relief for IIROC dealer members, MFDA dealer members and mutual fund dealers in Quebec from the requirement to provide the relationship disclosure information prescribed by section 14.2(1) of National Instrument 31-103 Registration Requirements and Exemptions. Specifically, regulators have issued an order that exempts IIROC dealer members from the application of the requirements until the earlier of September 28, 2011 or the coming into force of the IIROC Client Relationship Model proposal. Further, the regulators have issued an order that exempts MFDA dealer members (and in Quebec, mutual fund dealers) from the relevant requirements until the earlier of September 28, 2011 or the coming into force of the MFDA Client Relationship Model proposal (or, in the case of Quebec, the regulation of mutual fund dealers in that province).

CSA Staff Notice 31-319