Beginning in 2009, participating Financial Institutions will require each person soliciting deposits from consumers to be registered with the RDBA. Rules and Regulations of the RDBA are in the process of being finalized for comment by industry participants in early 2009

TORONTO, October 15, 2006 - The Registered Deposit Brokers Association is introducing a set of new standards and business initiatives to better meet the needs of its customers and members.

"The independent deposit brokerage community recognized the need for unified procedures in today's fast-evolving investment arena, and collaborated to develop a framework for sound business practices that protects client privacy and data security," says David Newman, president of the RDBA, within his address to the 2006 national conference being held in Toronto from Oct. 15-17. "It's part of our commitment to support our mandate as a professional standards organization."