Securities Law

LPS 3-22 - Registration Requirements [Rescinded]

Published Date: 1989-02-10
Effective Date: 1989-02-10
Rescinded Date: 1996-01-01
Document(s):

PART 1             EFFECTIVE DATE AND PURPOSE

1.1                    Effective Date
1.2                    Purpose of this Policy
1.3                    Refer to the Act, Regulation and Rules
1.4                    Forms
1.5                    Courses
1.6                    Defined Terms

PART 2             CATEGORIES OF REGISTRATION

2.1                    Dealer
2.2                    Underwriter
2.3                    Adviser
2.4                    Partner, Director or Officer
2.5                    Salesperson and Advising Employee

PART 3             CONDITIONS OF REGISTRATION

3.1                    Power to Waive, Vary or Add to Provisions Respecting Registration
3.2                    Duty to Deal Fairly, Honestly and in Good Faith
3.3                    Referral Fees and Commission Splitting
3.4                    Contingent Commissions and Fees
3.5                    Communication with the Public
3.6                    Holding Out
3.7                    Trading in the "Exempt Market"
3.8                    Interest in Other Registrants
3.9                    Conflict of Interest
3.10                  Writing and Rewriting Courses or Examinations
3.11                  Application for Renewal of Registration
3.12                  Opportunity to be Heard
3.13                  Hearing and Review

PART 4             RECORD KEEPING AND POLICY AND PROCEDURE MANUAL

4.1                    Record Keeping Requirements
4.2                    Summary of Distributions - Underwriter’s Record Keeping Requirements
4.3                    Financial Statements
4.4                    Other Financial Reports
4.5                    Members to File with VSE or IDA - Pacific
4.6                    Policy and Procedure Manual
4.7                    Due Diligence Procedures for Underwriters
4.8                    Documents to be Available for Inspection
4.9                    Records to be Kept by Securities Advisers

PART 5             COMPLIANCE OFFICERS, BRANCH MANAGERS AND ADMINISTRATION OFFICERS

5.1                    Compliance Officer
5.2                    Branch Manager or Administration Officer

PART 6             BROKER

6.1                    General Requirements
6.2                    Description of Broker
6.3                    Application to VSE
6.4                    Categories of Registration used by VSE

PART 7             INVESTMENT DEALER

7.1                    General Requirements
7.2                    Description of Investment Dealer
7.3                    Application to IDA - Pacific
7.4                    Categories of Registration used by IDA - Pacific

PART 8             SECURITIES DEALER

8.1                    General Requirements
8.2                    Description of Securities Dealer
8.3                    Positive Risk Adjusted Capital
8.4                    Proficiency Requirements for Trading Partner, Director or Officer
8.5                    Proficiency Requirements for Salesperson
8.6                    Proficiency Requirements for Compliance Officer

PART 9             LIMITED DEALER - EXCHANGE CONTRACTS DEALER

9.1                    General Requirements
9.2                    Description of Limited Dealer - Exchange Contracts Dealer
9.3                    Additional Conditions of Registration for Trading in Foreign Exchange Contracts
9.4                    Positive Risk Adjusted Capital
9.5                    Proficiency Requirements for Trading Partner, Director or Officer
9.6                    Proficiency Requirements for Salesperson
9.7                    Proficiency Requirements for Compliance Officer 

PART 10           LIMITED DEALER - MUTUAL FUND DEALER

10.1                  General Requirements
10.2                  Description of Limited Dealer - Mutual Fund Dealer
10.3                  Working Capital
10.4                  Proficiency Requirements for Trading Partner, Director or Officer
10.5                  Proficiency Requirements for Salesperson
10.6                  Proficiency Requirements for Compliance Officer

PART 11           LIMITED DEALER - SECURITY ISSUER

11.1                  General Requirements
11.2                  Description of Limited Dealer - Security Issuer
11.3                  Proficiency Requirements for Trading Partner, Director or Officer
11.4                  Proficiency Requirements for Salesperson
11.5                  Proficiency Requirements for Compliance Officer

PART 12           LIMITED DEALER - REAL ESTATE SECURITIES DEALER

12.1                  General Requirements
12.2                  Description of Limited Dealer - Real Estate Securities Dealer
12.3                  Working Capital
12.4                  Proficiency Requirements for Trading Partner, Director or Officer
12.5                  Proficiency Requirements for Salesperson
12.6                  Proficiency Requirements for Compliance Officer

PART 13           LIMITED DEALER - SCHOLARSHIP PLAN DEALER

13.1                  General Requirements
13.2                  Description of Limited Dealer - Scholarship Plan Dealer
13.3                  Working Capital
13.4                  Proficiency Requirements for Trading Partner, Director or Officer
13.5                  Proficiency Requirements for Salesperson
13.6                  Proficiency Requirements for Compliance Officer

PART 14           UNDERWRITER 

14.1                  General Requirements
14.2                  Description of Underwriter
14.3                  Application to VSE, IDA - Pacific or Commission
14.4                  Positive Risk Adjusted Capital
14.5                  Proficiency Requirements for Compliance Officer

PART 15           PORTFOLIO MANAGER

15.1                  General Requirements
15.2                  Description of Portfolio Manager
15.3                  Exemption for Broker or Investment Dealer Acting as Portfolio Manager
15.4                  Working Capital
15.5                  Proficiency Requirements for Advising Partner, Director or Officer and Advising Employee
15.6                  Proficiency Requirements for Advising a Mutual Fund about Permitted Derivatives
15.7                  Proficiency Requirements for Compliance Officer
15.8                  Other Restrictions on Managing Portfolios
15.9                  Conditions of Registration - Foreign Adviser

PART 16           INVESTMENT COUNSEL

16.1                  General Requirements
16.2                  Description of Investment Counsel
16.3                  Working Capital Employee
16.4                  Proficiency Requirements for Advising Partner, Director or Officer and Advising
16.5                  Proficiency Requirements for Compliance Officer
16.6                  Other Restrictions on Investment Counseling
16.7                  Conditions of Registration - Foreign Advisor

PART 17           SECURITIES ADVISER

17.1                  General Requirements
17.2                  Description of Securities Adviser Employee
17.3                  Proficiency Requirements for Advising Partner, Director or Officer and Advising
17.4                  Proficiency Requirements for Compliance Officer
17.5                  Other Restrictions on Advising

APPENDIX 1 - DEFINITIONS
APPENDIX 2 - INFORMATION SOURCES