Securities Law

31-601 - Registration Requirements [BCP - Rescinded]

Published Date: 2005-05-25
Effective Date: 2005-06-01
Rescinded Date: 2008-01-22
Document(s):

Concurrently Published:

Table of Contents

PART

TITLE

 

 

PART A

STREAMLINING INFORMATION AND CONTEXT

 

 

 

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

REGISTRATION FOR SECURITIES AND LICENSING FOR INSURANCE

 

3.1

Purpose and Scope

 

3.2

Dealer’s Responsibility

 

3.3

Requirements for Registration as a Salesperson

 

3.4

Executive Director’s Requirements for Individuals Applying for Licensing under the Financial Institutions Act

 

3.5

Executive Director May Impose Conditions

 

3.6

General Conditions for Maintaining Registration

 

3.7

Salesperson’s Conditions for Maintaining Registration

 

3.8

Dealer’s Conditions for Maintaining Registration

 

3.9

Delivery of Notice

 

 

 

PART 4

CONDITIONS OF REGISTRATION

 

4.1

Power to Waive, Vary or Add to Provisions Respecting Registration

 

4.2

Duty to Deal Fairly, Honestly and in Good Faith

 

4.3

Referral Fees and Commission Splitting

 

4.4

Contingent Commissions and Fees

 

4.5

Communication with the Public

 

4.6

Holding Out

 

4.7

Trading Securities Under Exemptions

 

4.8

Interest in Other Registrants

 

4.9

Conflict of Interest

 

4.10

Writing and Rewriting Courses or Examinations

 

4.11

Application for Renewal of Registration

 

4.12

Opportunity to be Heard

 

4.13

Hearing and Review

 

 

 

PART 5

RECORD KEEPING AND POLICY AND PROCEDURE MANUAL

 

5.1

Record Keeping Requirements

 

5.2

Summary of Distributions - Underwriter's Record Keeping Requirements

 

5.3

Financial Statements

 

5.4

Other Financial Reports

 

5.5

Members to File with IDA - Pacific

 

5.6

Policy and Procedure Manual

 

5.7

Due Diligence Procedures for Underwriters

 

5.8

Documents to be Available for Inspection

 

5.9

Records to be Kept by Securities Advisers

 

 

 

PART 6

COMPLIANCE OFFICERS AND BRANCH MANAGERS

 

6.1

Compliance Officer

 

6.2

Branch Manager

 

 

 

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 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 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

 

16.4

Proficiency Requirements for Advising Partner, Director or Officer and Advising Employee

 

16.5

Proficiency Requirements for Compliance Officer

 

16.6

Other Restrictions on Investment Counseling

 

16.7

Conditions of Registration - Foreign Adviser

 

 

 

PART 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 for Compliance Officer

 

17.5

Other Restrictions on Advising

 

 

 

APPENDIX 1 - DEFINITIONS

 

 

 

APPENDIX 2 - INFORMATION SOURCES