6K
FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
450,
5th Street
Washington,
D.C. 20549
REPORT
OF FOREIGN PRIVATE ISSUER
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the month of January, 2007.
The
Toronto-Dominion Bank
(Translation
of registrant's name into English)
c/o
General Counsel’s Office
P.O.
Box 1, Toronto Dominion Centre,
Toronto,
Ontario, M5K 1A2
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If
"Yes" is marked, indicate below the file number assigned to the registrant
in
connection with Rule 12g3-2(b): 82-
FORM
6-K
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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THE
TORONTO-DOMINION BANK
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DATE: January
24,
2007
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By:
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/s/
Rasha El Sissi
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Name:
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Rasha
El Sissi
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Title:
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Associate
Vice President, Legal
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The
attached Code of Conduct and Ethics for Employees and Directors
replaces
the Code of Conduct and Ethics
that
was filed under Form 6-K on February 8, 2006.
Code
of Conduct and Ethics for Employees and Directors
TD
Bank Financial Group
©
2006.
All rights reserved.
Reproduction
of this work in whole or in part is prohibited.
November
2006
A
message from Ed Clark and John Thompson
For
any business, as for any person, reputation is a priceless asset. At TDBFG,
our
reputation as a responsible financial institution and a good corporate citizen
has
been earned over many years, and must be maintained and safeguarded if our
organization is to grow and prosper in Canada and internationally. We are
extremely proud of the Bank's reputation, and believe every employee and
director shares in that pride.
Our
reputation rests on the confidence and trust that customers, shareholders,
governments, suppliers, competitors, the media and the public at large have
that
the Bank and all of our employees and directors will conduct themselves and
carry out the Bank's affairs to the highest standards of integrity and
professionalism - without exception, at all times. While reaching our business
goals is critical to our success, how we achieve them is equally important.
Every
business decision and every action on the Bank's behalf must be assessed in
light of whether it is right, legal and fair, with each consideration given
equal importance
and weight.
As
part of striving to be the better bank, we've worked to help everyone
understand
how our collective behaviour impacts the Bank's reputation. We've implemented
Guiding Principles to help employees in their decision-making and
a Leadership Profile that outlines expectations for our formal and informal
leaders.
And in keeping with the integrity message that runs through both the
Guiding
Principles and the Leadership Profile, the Code of Conduct and Ethics
outlines
the expectations when employees deal with each other, our shareholders,
customers, suppliers and competitors.
Compliance
with the Code of Conduct and Ethics is a condition of employment with
TDBFG. All employees and directors are required to attest annually that
they
understand the Code and have complied with its provisions. We encourage
you
to read the Code carefully and be guided by it in your day-to-day work. If
you
have any questions about any aspect of the Code, please consult your manager
or
Human Resources relationship manager.
Thank
you for your ongoing efforts on behalf of TDBFG, and for helping to preserve
our reputation as a responsible corporate citizen.
Sincerely,
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Ed
Clark
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John
Thompson
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President
and CEO
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Chairman
of the Board
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Table
of Contents
Introduction
and Summary
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1
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1)
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Respect
for the Law
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2
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Making
the Right Decision
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2
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2)
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Personal
Integrity
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2
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A.
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Criminal
Record
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2
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B.
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Excessive
Personal Debt
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2
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C.
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Gifts
and Entertainment
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2
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D.
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Alcohol
and Substance Abuse
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4
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E.
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Harassment
and Discrimination in the Workplace
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4
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F.
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Use
of the Internet, Email and Electronic Media
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4
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G.
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Irregular
Business Conduct
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4
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Bribery
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5
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Commission
Sharing
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5
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Theft
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5
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Falsifying
Records
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5
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Money
Laundering and Kiting
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5
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Terrorism
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5
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Tied
Selling
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6
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Insider
Trading or Tipping
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6
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Trading
Accounts
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6
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H.
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Dealing
with TDBFG Assets
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6
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I.
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TDBFG
Brand
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7
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J.
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Copyrighted
Material
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7
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K.
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Reasonable
Expenses
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7
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L.
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Cooperating
with Investigations
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7
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3)
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Conflicts
of Interest
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8
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A.
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Ethical
Conduct
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8
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B.
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Conflicts
Arising from Personal Benefit
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8
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C.
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Corporate
Opportunities
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8
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D.
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Relationships
in the Workplace
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9
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E.
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Conducting
Financial Transactions for Yourself or Involving Those in a Close
Personal
Relationship
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9
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F.
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Executorships,
Agencies and Powers of Attorney
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9
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G.
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Personal
Borrowing and Lending
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9
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H.
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Recommending
Service Providers to Customers
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9
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I.
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Disclosing
Interest and Abstaining from Participation
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10
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J.
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Directorships
and Outside Business Interests
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10
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K. |
Political
Contributions |
10
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4)
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Confidentiality
of Information
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11
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A.
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Customer
Information
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11
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B.
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Protecting
Employee Privacy
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11
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C.
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Computer
Systems Security
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11
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5)
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Disclosure
of TDBFG Information
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12
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6)
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Appearance
and Courtesy
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12
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7)
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Compliance
with the Code of Conduct
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12
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A.
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Your
Responsibilities
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12
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B.
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Failure
to Comply
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13
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C.
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Other
Requirements
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13
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D.
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Waivers
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13
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E.
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Annual
Attestation
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13
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Introduction
and Summary
As
a responsible business enterprise and corporate citizen, TD Bank Financial
Group
(TDBFG) is committed to conducting its affairs to the highest standards of
ethics, integrity, honesty, fairness and professionalism - in every respect,
without exception, and at all times. While reaching our business goals is
critical to our success, equally important is the way we achieve them. This
Code
of Conduct and Ethics applies
to every employee and director of TDBFG (where the director is acting
in the capacity of a representative of TDBFG). Every employee and director
is
expected and required to assess every business decision and every action on
behalf of the organization in light of whether it is right, legal and fair.
This
applies at all levels of the organization, from major decisions made by the
Board of Directors of The Toronto-Dominion Bank (TD Bank) to day-to-day
transactions in branches. It also
applies to all TDBFG wholly-owned subsidiaries around the world. The following
Code is intended to help you meet these expectations and make
such assessments.
The
Code establishes the standards that govern the way we deal with each
other, our shareholders, customers, suppliers and competitors. Where necessary,
reference is made to formal TDBFG policies in specific areas. In addition,
certain businesses in TDBFG have supplementary codes of conduct and policies
that apply to their employees or directors that must also be complied with.
Within this framework, employees and directors are expected to exercise good
judgment and be accountable for their actions.
For
employees, compliance with this Code is part of your employment contract
with TDBFG. All employees and directors are required to review and attest to
compliance with this Code on an annual basis.
In
any situation where the appropriate conduct is unclear or ambiguous,
employees
must seek the advice of their manager or Human Resources relationship manager.
Furthermore, employees and directors are obliged to report, in a timely fashion,
any violations of the Code they may witness or reasonably suspect. Reporting
in
good faith possible violations by others will not subject you to reprisal.
In
fact, it's against the
law to retaliate against someone for reporting suspected unethical or
illegal
conduct.
1) Respect
for the Law
Making
the Right Decision
Concern
for what is right should be the first consideration in all business decisions
and actions, and that includes compliance with the law. You should be aware
of
all laws and regulations relating to the business activities of TDBFG in the
jurisdiction in which you work, and observe them at all times. Never enter
into
any transaction or perform any task that could reasonably be considered legally
suspect, even if it might be common practice in your country or area. If in
any
doubt at all, seek advice from your manager or Human Resources relationship
manager.
2) Personal
Integrity
A. Criminal
Record
If
you are convicted of a criminal offence, you must inform your Human Resources
relationship manager, or your manager who will then consult with
Human Resources. There may be employment consequences as a result of your
conviction.
B. Excessive
Personal Debt
Employees
are expected to ensure they can meet their financial obligations from their
salary and other personal assets. If you are having personal financial
difficulties, you must discuss them with your manager or your business head.
You
must also inform your Human Resources
relationship manager, who may arrange financial counselling.
C. Gifts
and Entertainment
You
may not accept gifts, entertainment or other benefits (referred to as “gifts” in
this section) having more than nominal value from existing or potential
customers, suppliers or others doing or seeking to do business with TDBFG.
Further, you must never solicit gifts of any size at any time. Also, you may
not
offer or give gifts having more than nominal value to existing or potential
customers, suppliers or others from whom TDBFG
is seeking a business relationship. In determining nominal value, consider
whether the gift could reasonably be construed as an attempt to influence your
behaviour or that of TDBFG (or, in circumstances where you are offering or
giving the gift, the behaviour of the recipient or their organization), as
well
as the value of the gift in relation to your personal situation (or that of
the
recipient). In this regard, it is also important to consider the circumstances,
nature and timing of the gift.
Gifts
of nominal value may be offered, given or accepted provided they:
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are
not in cash or readily convertible to cash (such as securities,
cheques
or money orders);
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• are
consistent with accepted business practice;
• cannot
be construed as an attempt to influence;
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do
not contravene any law and would not compromise your integrity
or
that of TDBFG (or, in circumstances where you are offering or giving
the
gift, the integrity of the recipient or their organization);
and
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would
not adversely affect your reputation or the reputation of TDBFG if
knowledge of the gift was to become
public.
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If
you have any doubt about whether a gift is of nominal value or may otherwise
be
offered, given or accepted, you must seek guidance from your manager or Human
Resources relationship manager.
To
help you interpret these rules, here are some examples:
1. Being
taken to lunch or dinner by a supplier would not normally be prohibited even
though the supplier is likely trying to maintain or extend the services,
provided that the lunch or dinner is consistent with
accepted business practices. This applies equally when taking a customer
to lunch or dinner.
2. Attending
a networking or educational event where the travel or overnight
accommodation expenses are paid for by a supplier is not permitted unless
you
first obtain the approval of the executive vice president
responsible for your business area. As well, you may not offer to pay the
travel
or overnight accommodation expenses of a customer without first obtaining
the
approval of the executive vice president responsible for your business
area.
3. Taking
(or being taken by) a customer or a supplier to a local sporting or other
event
would generally be acceptable, subject to being reasonable and consistent
with
accepted business practices. Giving or accepting tickets to events for
personal
use should be subject to the guidance for other gifts provided
above.
4. Giving
(or accepting) a gift certificate to a local restaurant or a gift card
to a book
store is acceptable provided the certificate or card is modest
in value.
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D.
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Alcohol
and Substance Abuse
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TDBFG
is committed to providing a work and business environment that is
free of alcohol and drug abuse. Accordingly, employees are required to
comply with the TDBFG Alcohol
and Substance Abuse Policy.
The
following conduct is prohibited:
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consuming
alcoholic beverages in quantities that affect work performance or
impair
your judgment during working hours;
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consuming,
providing or serving alcoholic beverages in TDBFG's business
offices or branches, except when approved by a Senior Vice President
of the business or the head of Human Resources for that business;
and
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consuming,
possessing, selling or distributing illegal substances, especially
while in TDBFG premises, at any TDBFG function, or at any time when
you
could be identified as a TDBFG
employee.
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E. Harassment
and Discrimination in the Workplace
TDBFG
is committed to conducting all its affairs with fairness and equity,
and this includes the treatment of employees, shareholders, customers,
suppliers and competitors. Any behaviour that could be construed as harassment
or discrimination on the grounds of sex, race, national
or ethnic origin, colour, religion, age, disability, marital status,
family
status, sexual orientation or criminal convictions from which a pardon
has been granted, will not be condoned. You must comply with the
TDBFG Respect
in the Workplace Policy.
F. Use
of the Internet, Email and Electronic Media
Knowingly
transmitting, viewing, generating, printing, retrieving, downloading
or storing any communication of a discriminatory, defamatory, obscene, damaging
(such as viruses), threatening or harassing
nature, or any material that is inappropriate for the business environment
(such
as sexually oriented literature or pictures, or chain letters), is prohibited.
You are also prohibited from disclosing confidential or proprietary information
about or belonging to TDBFG for
any purpose that is illegal, against TDBFG policy or contrary to the
best
interests of TDBFG. Employees must comply with the TDBFG Internet,
eMail & Electronic Media Policy.
G.
Irregular Business Conduct
Irregular
business conduct (which includes any criminal, fraudulent or
illegal conduct, any impropriety, lack of professional responsibility
or
dishonesty) will not be tolerated under any circumstances. Such
conduct
may not only be subject to internal disciplinary action but may also
lead to criminal prosecution or civil suit. Examples of such conduct
include:
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Bribery
- Engaging
in any act that can be perceived as giving or receiving a bribe or
other
questionable payment.
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Commission
Sharing - The
sharing of commissions such as finders fees
or secret commissions with any other employee or director, agent
or broker
who is not licensed to buy or sell the security or instrument in
question, or who is not part of an established commission-sharing
program.
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Theft
- Defalcation,
embezzlement or misappropriation of funds or property
belonging or entrusted to TDBFG.
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Falsifying
Records - Making
entries to any account which are either false
or obscure the true nature of the transaction, or allowing such
entries
to be made. You must not establish or operate, for any purpose,
an
account on the books of TDBFG that cannot withstand the closest public
scrutiny of its propriety. Also, you must not manipulate or falsify
any TDBFG financial statement, record or
return.
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Money
Laundering and Kiting - Money
laundering involves making
profits derived from criminal activity appear as if they came from
legitimate business activity. It is a criminal offence, and knowingly
failing to report a suspected money laundering scheme is also a criminal
offence. Kiting is inflating the balance in an account with
artificial funds.
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Employees
must not knowingly initiate or be party to a money laundering or kiting scheme.
You will be considered to have been party
to such a scheme if it is evident that you knew or ought to have known
of the activity. Suspicious money laundering situations must be reported to
the
Financial Intelligence Unit of Corporate Compliance
by completing an Unusual Transaction Report. Suspicious
kiting situations must be reported to Cheque Fraud Management by sending an
email to “kites”.
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Terrorism
- TDBFG
is committed to complying fully with the United
Nations Suppression of Terrorism Regulations. No
employee shall
deal, directly or indirectly, with any person or group known or
reasonably
known to be involved in or supporting terrorism
activities
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of
any
kind. Suspicious situations must be reported to the Anti-Money Laundering Group
or Corporate Security and Investigation.
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Tied
Selling - Coercing
or imposing undue pressure on a customer, as a condition of approving
a
request for a TDBFG product or service, to buy
another product or service or to transfer other business to
TDBFG
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Insider
Trading or Tipping - Insider
trading is purchasing or selling securities of a public company using
material, non-public information about that company. Tipping is providing
material, non-public information
about a public company to another person, other than in the necessary
course of business. Information is material if it would reasonably
be
expected to have a significant effect on the value of securities
of the company. Examples of material information
include:
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– a
significant acquisition, sale, merger, contract or takeover bid;
– a
change in the general character or nature of a company;
– a
change in a company’s capital structure; or
–
earnings
information or information about a dividend declaration that
is not available to the public.
Employees
or directors who either possess or have access to material, non-public
information about TDBFG or its customers or business partners are prohibited
by
law from trading in securities of those entities, or relaying the information
to
others who do not have a “need-to-know”
the information. You must comply with the TDBFG Disclosure
Policy, as
well as the TDBFG Firewalls
Policy and Procedures and
Windows
Policy, as
applicable.
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Trading
Accounts - Employees
must not open or operate a trading account
in the name of any TDBFG business unit with any broker or investment
dealer, or knowingly allow a broker to do so, without the prior
written approval of their regional office or business
head.
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H.
Dealing with TDBFG Assets
You
must make every effort to protect all TDBFG property and assets from harm,
loss
or misuse, especially those that are in your custody or control
and are your responsibility. These may include cash, negotiable instruments
such as drafts, money orders, securities or certificates,
premises,
equipment, bank records, customer or employee information, or computer resources
and information systems. They also include all information between TDBFG and
its
customers, employees or business partners, which must be kept secure from third
parties. TDBFG property may be used only for the purpose of executing your
accountabilities with TDBFG.
I.
TDBFG Brand
TDBFG
communications materials must not be used for personal reasons (except
as permitted under the TDBFG Internet,
Email & Electronic Media Policy)
as this could lead to a misunderstanding and possibly damage
TDBFG's reputation. Specifically, TDBFG stationery (including forms,
letterhead and envelopes), faxes where the name, address or phone number of
any
TDBFG company, business or department appears on the fax, or emails (paper
or
electronic copies) where the @website is a TDBFG website, must be used solely
for TDBFG business purposes. Incidental use of such material (such as a fax
cover sheet), where you make it clear in the communication that it is from
you
personally, may be allowed with prior permission from your manager.
J.
Copyrighted Material
Software,
videos and other copyrighted material and video reproduction and
use are subject to applicable copyright laws and penalties for misuse.
You
must comply with those laws.
K.
Reasonable Expenses
Employees
are required to comply with the TDBFG Expense
Policy.
You must incur only reasonable expenses. You are entitled to claim expenses
actually incurred for TDBFG business within TDBFG guidelines.
L.
Cooperating with Investigations
All
employees and directors are required to cooperate with Audit Division, Corporate
Security and Investigation, Legal Division, Compliance, Human Resources
Department and other areas of TDBFG which
may, from time to time, audit or investigate issues within TDBFG. This
includes attending all necessary meetings, accurately and fully answering all
questions and maintaining the confidentiality of the investigation. Further,
you
may not in any way obstruct, hinder or delay any internal
investigation.
3) Conflicts
of
Interest
A. Ethical
Conduct
TDBFG
exercises the highest degree of ethical corporate conduct and recognizes that
customers and the public have a right to openness and honesty
in all their dealings with us. As a representative of TDBFG, you must conduct
yourself in a manner that demonstrates commitment to the highest
standards of personal integrity, and in ways that respect the reputation and
position of trust placed upon TDBFG. You must be fair and honest in all your
dealings with TDBFG shareholders, customers, suppliers, competitors and
employees. You must also not knowingly induce
an employee of another organization to breach that organization's code
of conduct.
B. Conflicts
Arising from Personal Benefit
A
conflict may arise where you have reason to act in a manner that is not in
the
best interests of TDBFG or our shareholders. Often this is because
you, a friend, a relative or someone with whom you have a close personal
relationship, stands to benefit from the action in some way. For purposes of
this section and the ones that follow, “relatives” include a spouse (including a
common-law spouse or partner), parent, child or other relative (including
in-laws) of your spouse or partner.
You
must avoid acting in a manner that is not in the best interests of TDBFG
or our shareholders. You must also avoid situations that might give
the appearance of a conflict of interest, whether or not it actually exists.
Conflicts of interest or perceived conflicts of interest must be reported in
accordance with this Code.
C. Corporate
Opportunities
You
must not use TDBFG property or information or your position in the
organization for personal gain, to compete with the organization, or
to take advantage of opportunities that are discovered in the course
of
conducting TDBFG business. You are expected to advance the legitimate interests
of TDBFG whenever the opportunity arises. In specific cases, however, a personal
opportunity may be approved provided
that it is disclosed in advance and in writing to your Human Resources
relationship manager (or, in the case of the chief executive officer
or a director, to the Board of Directors of TD Bank) and is determined not
to be
material.
D. Relationships
in the Workplace
You
must not give to or receive from any friend, relative or someone with
whom you are involved in a close personal relationship, any special consideration
relating to employment or conditions of employment. Your business decisions
must
be based on sound ethical business practices, and your human resources decisions
must be based on sound management practices and not be influenced by personal
concerns.
If
you have a supervisory/subordinate (subordinate includes anyone with
a
direct or indirect reporting relationship) or dual custodial relationship with
a
relative or someone with whom you have a close personal relationship, you must
report that relationship to your manager and your Human Resources relationship
manager. If the potential for a real or perceived conflict of interest exists,
one of the parties may be relocated.
E. Conducting
Financial Transactions for Yourself or Involving Those
in a Close Personal Relationship
To
avoid any real or perceived conflict of interest, you must not act in a
lending
capacity or complete financial transactions for yourself, a relative or someone
with whom you are involved in a close personal relationship. In addition, all
of
your financial transactions must be processed
by another employee over whom you have no authority, and this
person must perform the same due diligence as they would for a non-employee
customer.
F. Executorships,
Agencies and Powers of Attorney
Employees
must not act in the capacity of executor, agent, trustee, attorney or in any
other fiduciary capacity for a TDBFG customer, other
than a customer who is a relative of the employee.
G. Personal
Borrowing and Lending
Employees
must not borrow from or lend personal funds to another employee
in an amount that is more than nominal value. Also, employees must not borrow
from or lend any personal funds to a customer (other than a relative) where
the
transaction or the terms of the transaction are out of the ordinary course
of
that customer's business.
H.
Recommending Service Providers to Customers
Occasionally
a customer may ask an employee to recommend an external
service provider such as an accountant, lawyer or real estate
agent.
You may provide the names of several external service providers but
may not recommend any particular one.
I.
Disclosing Interest and Abstaining from Participation
To
avoid any real or perceived conflict of interest, you must disclose any
interest you have in a material contract or proposed material contract
involving
TDBFG in which you may have some influence or perceived interest. If you are
an
officer or director of an entity that is party to any such contract, that must
also be disclosed. These disclosures must be made at the earliest opportunity
to
your manager (or, in the case of the chief executive officer or a director,
to
the Board of Directors of TD Bank).
In
addition, you must not have or be reasonably perceived to have influenced
a decision with respect to a material or proposed material contract
in which you have an interest described above.
J.
Directorships and Outside Business Interests
Employees
must comply with the TDBFG Directorships
and Outside Business Interests Guidelines.
Employees below the level of executive vice president may not enter into any
directorship, office, trade or business outside of TDBFG without receiving
the
prior consent of senior management. Employees at or above the level of executive
vice president
require the consent of senior management and the Corporate Governance
Committee of the Board of Directors of TD Bank before doing so.
Volunteering
to assist in a charitable or not-for-profit activity (such as the United Way
or
an executive of a sports team) does not require approval unless that
organization is a customer of TDBFG and you have
management or other decision-making authority or administrative responsibilities.
K.
Political Contributions
Employees
and directors may make personal political contributions and charitable
donations at their discretion. However, you must not commit TDBFG
to a political or charitable contribution without prior approval from
Corporate and Public Affairs. If you hold a position in a political organization
which may influence the financial needs of that organization, or if you are
asked to conduct financial transactions on that organization's behalf,
Human Resources may review this relationship to ensure that there
is no perception of influence.
4) Confidentiality
of
Information
A. Customer
Information
Customer
information must be kept private and confidential. You must not discuss or
disclose any customer information to anyone outside TDBFG
unless you are required to disclose by law, you are authorized to disclose
by
the customer or you are directed to disclose in circumstances described
in TDBFG polices and procedures. When dealing with customer information, you
must comply with the TDBFG customer privacy code Protecting
Your Privacy and
the Employee
Guide to TD's Privacy Code.
B. Protecting
Employee Privacy
TDBFG
is permitted to collect, use and disclose employee personal information for
employment administration purposes. Employees with access
to employee personal information must not collect, use or disclose that
information except in accordance with the TDBFG employee privacy policy -
Privacy
and Protection of Employee Information,
and the TDBFG
Employee Privacy Code.
C. Computer
Systems Security
Employees
using TDBFG computer systems and accessing TDBFG information must be clearly
identified at all times. In addition, access to passwords must be strictly
controlled. It is your responsibility to take the
necessary steps to protect your logon id, password, digital signature
or
other means you use to identify yourself to the TDBFG computer network. This
also applies to access given to third parties or agents through any shared
system or direct access to TDBFG systems.
Communication
conducted over TDBFG's internal network or any external network is not
considered private. Communication conducted over external networks must be
protected from unauthorized access (for example, with encryption). When
communicating via TDBFG's internal network, you should consider the sensitivity
and confidentiality of the information. All computer hardware, software, email,
voicemail and internet
accounts provided to employees are the property of TDBFG and may be monitored
and accessed by authorized TDBFG representatives at any
time. In addition, all information stored, processed or transmitted on any
TDBFG
system or network, or external system used by TDBFG to conduct
business, is considered the property of TDBFG.
You
must exercise vigilance in protecting TDBFG systems against computer
viruses.
5) Disclosure
of TDBFG Information
TDBFG
is committed to providing timely, accurate and balanced disclosure of all
material information about TDBFG to the widest possible audience at all times,
and is also committed to transparency in its
reporting to shareholders and the public. Employees, directors and all others
who speak or communicate in any other way on behalf of TDBFG are
required to comply with the TDBFG Disclosure
Policy.
6) Appearance
and Courtesy
To
customers, the individual employees with whom they come in direct contact
represent TDBFG. Some businesses in TDBFG have formal dress code policies,
and
you should abide by them if they apply in your particular business. In any
case,
your choice of work attire should be guided by what is appropriate for your
customers. It must be neat and clean and conform to the established dress
standards of your business, having
regard to personal hygiene and grooming. You must be courteous and respectful
in
all dealings with the public and other employees and in all
other business relationships.
7) Compliance
with the Code of Conduct
A.
Your Responsibilities
Safeguarding
the reputation of TDBFG in general, and complying with this Code in particular,
is the responsibility of every employee and director of TDBFG, in every job
and
at every level, and at all times. If you become aware of or suspect any
violation of the Code by any employee, you have a responsibility to report
it
immediately to your manager, your business head, your Human Resources
relationship manager, your regional office, the Employee Ombuds Office, or
Corporate Security and Investigation, as the circumstances require. Should
you
become aware of or suspect any violation by an executive officer (other than
the
general counsel) or a director, it should be reported to the general counsel.
Any suspected violation by the general counsel should be reported to the chief
executive officer. Failure to report
any breach of the Code may have serious consequences for you as well
as for the offender.
B. Failure
to Comply
For
employees, compliance with this Code at all times is a condition of your
employment. Therefore, it is your responsibility to be aware of and understand
its provisions as well as other applicable TDBFG policies, including those
specifically identified in this Code. Failure of an employee to comply with
the
Code and those policies may result in disciplinary action up to and including
termination of employment. Directors of TDBFG are also required to comply with
the Code. Failure of a director to comply with the Code will be dealt with
in
accordance with the policies and procedures of the Board of Directors of TD
Bank.
C. Other
Requirements
The
Code does not attempt to deal specifically with all aspects of the conduct
required of TDBFG employees and directors. Situations may arise
where it is difficult for you to determine with certainty the correct
action
to follow. In such an event, consult with a more senior TDBFG manager
or your Human Resources relationship manager (or in the case of
a director, the general counsel), so that both TDBFG's and your interests are
fully recognized and properly served.
D. Waivers
In
certain limited situations, TDBFG may waive application of the Code to
employees or directors. For employees (other than executive officers), any
such
waiver requires the express approval of the general counsel as well
as the executive officer and Human Resources relationship manager responsible
for that employee. For executive officers and directors, any such
waiver requires the express approval of the Audit Committee of the Board
of Directors of TD Bank. TDBFG will publicly disclose any such waiver granted
to
an executive officer or director, in accordance with applicable
legislation.
E. Annual
Attestation
TDBFG
requires an annual attestation from all employees and directors stating that
the
employee or director is aware of and has abided by this Code.
For employees, compliance with this requirement is a condition of continuing
employment with TDBFG.