The Canadian Securities Administrators today outlined the requirements for exempt market dealers under the new national registration regime.
CSA Staff Notice 31-312 summarizes the key proficiency, financial and operational requirements and transition process for the new EMD registration category under National Instrument 31-103 Registration Requirements and Exemptions, which was published on July 17. It also summarizes the conditions for exemptive relief available in Alberta, British Columbia, Manitoba and the Territories.
NI 31-103 and related rules apply to firms and individuals who deal in securities, provide investment advice or manage investment funds, the CSA said in a release. NI 31-103 and related rules and amendments will come into force on September 28, 2009.
The Notice and NI 31-103 are available on various CSA members’ websites.
The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.
Regulators outline rules for exempt market dealers
CSA summarizes requirements that become effective in September
- By: IE Staff
- August 9, 2009 August 9, 2009
- 10:18