Required disclosures per Quebec AMF:

Legal status:

The date and place where the entity obtained its legal status (e.g., place of incorporation, place where partnership agreement was filed or where entity was formed:

(a) Date (YYYY/MM/DD): June 10, 2003 (b) Place: Canada (c) Statute under which the entity applying for qualification obtained legal status: Canada Business Corporations Act (the “CBCA”). 

Brief overview of the activities of the entity: Friedberg is currently registered as an investment dealer trading in Securities, Options & Futures Contracts and Future Contracts Options in each of the provinces and territories of Canada, and is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”). In the province of Quebec, it is also registered as a derivatives dealer pursuant to the Derivatives Act (Quebec) (the “QDA”). In the province of Ontario, it is also registered as Futures Commission Merchant pursuant to The Commodity Futures Act (Ontario) (the “CFAO”). Finally, it is registered as dealer (Future Commission Merchant) in Manitoba pursuant to The Commodity Futures Act (Manitoba) (the “CFAM”). Friedberg provides a wide range of financial and investment services to retail and institutional clients. Friedberg specializes in managing money in non-traditional asset classes and currently (directly or through its wholly-owned subsidiary entity Friedberg Advisors LP) manages in excess of $400 million in assets. Through its execution-only division operating under the name of “Friedberg Direct”, Friedberg offers direct access to Quebec retail investors to spot foreign currency, currency options and commodity futures trading through dynamic, on-line trading platforms. Through its electronic platforms (the “Platforms”), Friedberg (through Friedberg Direct) offers contracts for difference and over-the-counter foreign exchange contracts (collectively, “CFDs”). On October 14, 2011, the Ontario Securities Commission (the “OSC”), on its own behalf and on behalf of the securities regulatory authorities of British Columbia, Saskatchewan, Manitoba, New Brunswick, Nova Scotia, Newfoundland and Labrador, Prince-Edward Island and each of the Canadian territories (the “Jurisdictions”), granted the officers, directors and representatives of Friedberg an exemption from the prospectus requirement in respect of the distribution of CFDs to investors resident in the Jurisdictions. The decision document includes conditions which are as attached as Appendix 11(a). On December 14, 2011, the Autorité des marchés financiers (the “AMF”) granted Friedberg an exemption from the qualification obligation set forth at the first paragraph of section 82 of the QDA with respect to the distribution of CFDs to investors in Quebec. The decision document includes conditions which are as attached as Appendix 11(b). Derivatives offered to Quebec residents are authorized by the Quebec AMF.

Regulation and Oversight:

IIROC and, among the provincial securities regulators, the OSC is the principal regulator as the registered and head office of Friedberg is in Toronto, Ontario. 

Friedberg is currently registered as an investment dealer trading in Securities, Options & Futures Contracts and Future Contracts Options in each of the provinces and territories of Canada, and is a member of IIROC. In the province of Quebec, it is also registered as a derivatives dealer pursuant to the QDA. In the province of Ontario, it is also registered as Futures Commission Merchant pursuant to the CFAO. Finally, it is registered as dealer (Future Commission Merchant) in Manitoba pursuant to the CFAM.

The name of any self-regulatory organization of which the entity is a member; IIROC.

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