The Investment Dealers Association of Canada is seeking comments on proposed amendments to a couple of its by-laws dealing with the membership approval process.

The IDA says it is introducing the amendments because the role played by its member regulation staff in the new member application review and approval processes is not currently detailed in the by-laws. There are certain steps in the new member application and application approval processes that are now redundant or that could be made clearer.

“The objective of the proposed amendments is to include details of the role played by Association member regulation staff in the new member application process and to more clearly describe the new member application review and application approval processes generally,” it explains.

“Since the intent of the proposed amendments is to better describe the existing new member application review and application approval processes, these proposals will have no effect other than to provide greater process clarity,” it adds.