Various amendments that are necessary to implement registration reform have been approved, the Saskatchewan Financial Services Commission (SFSC) said Wednesday.

The SFSC notes that legislation amending the province’s securities legislation received royal assent on Dec. 3. It includes amendments to the registration provisions needed to adopt registration reform, and to implement the “business” trigger for registration.

The commission, along with other provincial securities regulators, is moving to a new registration model whereby only those who are in the business of dealing in securities must be registered, it notes.

These amendments are expected to come into force in early fall 2009 at the same time that national rule reform is implemented, it says. Other miscellaneous amendments to the legislation are expected to come into force early in 2009.

IE