The Ontario Securities Commission has approved amendments to the by-laws and regulations of the Investment Dealers Association of Canada.

The purpose of the by-law amendments is to enhance the IDA’s corporate governance structure by creating a structure that is manageable for effective governance and decision making, and which reflects a higher standard of independence.

The proposed amendments were published for comment on May 19, 2006, and some non-material changes have been made since then. However, no comments were received.

The OSC also approved amendments to IDA regulations to recognize three complex option offset strategies and to expand the list of available option spreads involving individual equities. The purpose of these amendments is to expand the number of reduced capital and margin option offset strategies as well as the number of option spreads available for individual equity options.

These proposed amendments were published on Oct. 13, 2006. No comments were received on these proposals either.