The Ontario Securities Commission has published a decision giving Dynamic Mutual Funds Ltd., Dundee Securities Corporation and Dundee Private Investors Inc. fresh relief from one of the provisions of the sales practices rule.

The OSC has agreed to revoke earlier relief, and replace it with this new decision. The new relief deletes the standard disclosure which fund investors receive regarding equity interests between dealers and fund
managers.

The commission says that the condition is no longer appropriate because Dundee Wealth is now a reporting issuer in Canada and has a class of its securities listed on a Canadian stock exchange, so equity interests in Dundee Wealth now may be calculated under a different definition of “equity interest” in the rule.

The firm has also received approval to extend the relief to representatives of registered brokers and dealers who may become affiliates of Dundee Wealth in the future, either through establishing new firms or acquiring other registered brokers and dealers.