Securities Law

LPS 3-22 - Registration Requirements [Rescinded]

Published Date: 1995-12-08
Effective Date: 1996-01-01
Rescinded Date: 1998-04-15
Document(s):

Table of Contents

1.         EFFECTIVE DATE AND PURPOSE

1.1       Effective date
1.2       Purpose of this Policy
1.3       Refer to Act, Regulation and Rules
1.4       Defined terms

2.         CATEGORIES OF REGISTRATION AND GENERAL REQUIREMENTS

2.1       Dealer
2.2       Underwriter
2.3       Adviser
2.4       Partner, director or officer
2.5       Salesperson and advising employee

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       Holding out
3.4       Registrants business procedures
3.5       Underwriters due diligence procedures
3.6       Summary of distributions
3.7       Writing and rewriting courses or examinations
3.8       Financial statements
3.9       Other financial reports
3.10     Members to file with VSE or IDA - Pacific
3.11     Record keeping requirements
3.12     Interest in other registrants
3.13     Referral fees and commission splitting
3.14     Contingent fees
3.15     Application for renewal of registration

4.         COMPLIANCE OFFICERS, BRANCH MANAGERS AND ADMINISTRATION OFFICERS

4.1       Compliance officer
4.2       Branch manager or administration officer

5.         POLICY AND PROCEDURE MANUAL

5.1       Application
5.2       Policy and procedure manual requirement
5.3       Due diligence procedures for underwriters
5.4       Additional documents to be filed
5.5       Documents to be available for inspection
5.6       Records to be kept by securities advisers

6.         BROKER

6.1       General requirements
6.2       Description of broker
6.3       Application to VSE
6.4       Categories of registration used by VSE

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

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 officers

9.         LIMITED DEALER - EXCHANGE CONTRACTS DEALER

9.1       General requirements
9.2       Description of limited dealer - exchange contracts dealer
9.3       Positive risk adjusted capital
9.4       Proficiency requirements for trading partner, director or officer
9.5       Proficiency requirements for salesperson
9.6       Proficiency requirements for compliance officers

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 officers

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 officers

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 officers

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 officers

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

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 mutual fund about permitted derivatives
15.7     Proficiency requirements for compliance officers
15.8     Other restrictions on managing portfolios

16.       INVESTMENT COUNSEL

16.1     General requirements
16.2     Description of investment counsel
16.3     Working capital
16.4     Proficiency requirements for advising partner, director or officer and advising employee
16.5     Proficiency requirements for compliance officers
16.6     Other restrictions on investment counseling

17.       SECURITIES ADVISER

17.1     General requirements
17.2     Description of securities adviser
17.3     Proficiency requirements for advising partner, director or officer and advising employee
17.4     Proficiency requirements of compliance officers
17.5     Other restrictions on advising

APPENDIX 1 - DEFINITIONS
APPENDIX 2 - INFORMATION FROM OTHER SOURCES