News Release
Canadian securities regulators outline requirements for exempt market dealers [CSA]
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Date:
2009-08-07 -
Number:
2009/40
Toronto - The Canadian Securities Administrators (CSA) today outlined the requirements for exempt market dealers (EMDs) 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 (NI 31-103) which was published on July 17, 2009. It also summarizes the conditions for exemptive relief available in Alberta, British Columbia, Manitoba and the Territories.
National Instrument 31-103 and related rules apply to firms and individuals who deal in securities, provide investment advice, or manage investment funds. 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.
| Carolyn Shaw-Rimmington Ontario Securities Commission 416-593-2361 | Sylvain Théberge Autorité des marchés financiers 514-940-2176 |
| Mark Dickey Alberta Securities Commission 403-297-4481 | Ken Gracey British Columbia Securities Commission 604-899-6577 |
| Ainsley Cunningham Manitoba Securities Commission 204-945-4733 | Wendy Connors-Beckett New Brunswick Securities Commission 506-643-7745 |
Natalie MacLellan | Barbara Shourounis |
| Janice Callbeck PEI Securities Office Office of the Attorney General 902-368-6288 | Doug Connolly Financial Services Regulation Div. Newfoundland and Labrador 709-729-2594 |
Fred Pretorius | Louis Arki Nunavut Securities Office 867-975-6587 |
| Donn MacDougall Northwest Territories Securities Office 867-920-8984 |