33-109 - Registration Information [MI - Rescinded]
| Published Date: | 2003-02-07 |
|---|---|
| Effective Date: | 2003-02-21 |
| Rescinded Date: | 2007-05-15 |
| Document(s): |
|
Concurrently Published:
- 33-109CP - Registration Information [CP - Lapsed]
- 33-109F1 - Notice of Termination [F - Lapsed]
- 33-109F2 - Change or Surrender of Individual Categories [F - Lapsed]
- 33-109F3 - Business Location Other than Head Office [F - Lapsed]
- 33-109F4 - Registration Information for an Individual [F - Lapsed]
- 33-109F5 - Change of Registration Information [F - Lapsed]
- BCN 2003/07 - Notice of Adoption of Multilateral Instrument 33-109 Registration Information and Multilateral Instrument 31-102 National Registration Database [BCN - Rescinded]
MULTILATERAL INSTRUMENT 33-109
REGISTRATION INFORMATION
TABLE OF CONTENTS
| PART | TITLE |  |
| | |
| PART 1 | DEFINITIONS | |
| 1.1 Definitions | |
| 1.2 Interpretation | |
| | |
| PART 2 | APPLICATION FOR REGISTRATION | |
| 2.1 Dealer, Adviser and Underwriter Registration | |
| 2.2 Individual Registration | |
| 2.3 Commodity Futures Act Registrants | |
| | |
| PART 3 | CHANGES TO REGISTERED FIRM INFORMATION | |
| 3.1 Changes to Form 3 Information | |
| 3.2 Changes to Business Locations | |
| 3.3 Addition of Non-registered Individuals | |
| | |
| PART 4 | CHANGES TO REGISTERED INDIVIDUAL INFORMATION | |
| 4.1 Changes to Form 33-109F4 Information | |
| 4.2 Application to Change or Surrender Individual Registration Categories | |
| 4.3 Termination of Relationship | |
| | |
| PART 5 | CHANGES TO NON-REGISTERED INDIVIDUAL INFORMATION | |
| 5.1 Changes to Form 33-109F4 Information | |
| 5.2 Termination of Relationship | |
| | |
| PART 6 | DUE DILIGENCE AND RECORD-KEEPING | |
| 6.1 Sponsoring Firm Obligations | |
| | |
| PART 7 | EXEMPTION | |
| 7.1 Exemption | |
| | |
| PART 8 | TRANSITION TO NRD | |
| 8.1 Definitions | |
| 8.2 Changes to Form 3 Information | |
| 8.3 Changes to Business Location | |
| 8.4 Addition of Non-registered Individuals | |
| 8.5 Changes to Form 4 Information - Registered Individuals | |
| 8.6 Termination of Relationship - Registered Individuals | |
| 8.7 Changes to Form 4 Information - Non-registered Individuals | |
| 8.8 Termination of Relationship - Non-Registered Individuals | |
| | |
| PART 9 | EFFECTIVE DATE | |
| 9.1 Effective Date |
FORM 33-109F2 CHANGE OR SURRENDER OF INDIVIDUAL CATEGORIES
FORM 33-109F3 BUSINESS LOCATIONS OTHER THAN HEAD OFFICE
FORM 33-109F4 REGISTRATION INFORMATION FOR AN INDIVIDUAL
FORM 33-109F5 CHANGE OF REGISTRATION INFORMATION
MULTILATERAL INSTRUMENT 33-109
REGISTRATION INFORMATION
PART 1 DEFINITIONS
1.1 Definitions - In this Instrument
“Form 3” means the required form for an application for registration as dealer, adviser, or underwriter in the local jurisdiction;
“Form 4” means the form that was required for an application for registration for an individual in the local jurisdiction before February 21, 2003;
“Form 4” means the form that was required for an application for registration for an individual in the local jurisdiction before February 21, 2003;
“non-registered individual” means, for a registered firm or for a person or company that is applying for registration, an individual who is not registered to trade or advise on behalf of the firm and who
(a) is a director, partner, officer, or branch manager of the firm, or
(b) in Alberta, British Columbia, and Ontario,
(b) in Alberta, British Columbia, and Ontario,
(i) is a director, partner, officer, or branch manager of the firm, or
(ii) beneficially owns, directly or indirectly, or exercises control or direction over, 10 percent or more of the voting securities of the firm;
(ii) beneficially owns, directly or indirectly, or exercises control or direction over, 10 percent or more of the voting securities of the firm;
“MI 31-102” means Multilateral Instrument 31-102 National Registration Database;
“NRD submission number” means the unique number generated by NRD to identify each NRD submission;
“registered firm” means a person or company that is registered as a dealer, adviser, or underwriter;
“registered individual” means, for a registered firm, an individual who is registered to trade or advise on behalf of the registered firm;
“sponsoring firm” means,
“NRD submission number” means the unique number generated by NRD to identify each NRD submission;
“registered firm” means a person or company that is registered as a dealer, adviser, or underwriter;
“registered individual” means, for a registered firm, an individual who is registered to trade or advise on behalf of the registered firm;
“sponsoring firm” means,
(a) for a registered individual, the registered firm on whose behalf the individual trades or advises,
(b) for an individual applying for registration, the registered firm, or the person or company applying to become a registered firm, on whose behalf the individual proposes to trade or advise,
(c) for a non-registered individual of a registered firm, the registered firm, or
(d) for a non-registered individual of a person or company that is applying for registration, the person or company that is applying for registration.
(b) for an individual applying for registration, the registered firm, or the person or company applying to become a registered firm, on whose behalf the individual proposes to trade or advise,
(c) for a non-registered individual of a registered firm, the registered firm, or
(d) for a non-registered individual of a person or company that is applying for registration, the person or company that is applying for registration.
1.2 Interpretation - Terms defined in MI 31-102 and used in this Instrument have the respective meanings ascribed to those terms in MI 31-102.
PART 2 APPLICATION FOR REGISTRATION
2.1 Dealer, Adviser and Underwriter Registration - Except as provided in subsection 2.3(1),an applicant for registration as a dealer, adviser, or underwriter must submit to the regulator,
(a) in paper format, a completed Form 3;
(b) in accordance with MI 31-102, a completed Form 33-109F3 for each business location of the applicant, other than the applicant’s head office; and
(c) in accordance with MI 31-102, a completed Form 33-109F4 for each non-registered individual of the applicant who has not applied to become a registered individual with the applicant under subsection 2.2(1).
(b) in accordance with MI 31-102, a completed Form 33-109F3 for each business location of the applicant, other than the applicant’s head office; and
(c) in accordance with MI 31-102, a completed Form 33-109F4 for each non-registered individual of the applicant who has not applied to become a registered individual with the applicant under subsection 2.2(1).
2.2 Individual Registration
(1) Except as provided in subsection (2) and subsection 2.3(2), an individual who applies for registration under securities legislation must make the application by submitting to the regulator in accordance with MI 31-102 a completed Form 33-109F4.
(2) Despite subsection (1), a non-registered individual of a registered firm who applies to become a registered individual with the firm must make the application by submitting to the regulator in accordance with MI 31-102 a completed Form 33-109F2.
2.3 Commodity Futures Act Registrants
(1) In Manitoba and Ontario, if an applicant for registration under section 2.1 is registered under the Commodity Futures Act, the applicant
(a) is not required to submit a completed Form 33-109F3 under subsection 2.1(b) for any business location of the applicant that is recorded on NRD; and
(b) is not required to submit a completed Form 33-109F4 under subsection 2.1(c) for a non-registered individual if the applicant submits to the regulator, in accordance with MI 31-102, a completed Form 33-109F2 for the individual.
(2) In Manitoba and Ontario, despite subsection 2.2(1), if an individual applies for registration under securities legislation and is recorded on NRD with his or her sponsoring firm as registered under the Commodity Futures Act, the individual must make the application by submitting to the regulator, in accordance with MI 31-102, a completed Form 33-109F2.
PART 3 CHANGES TO REGISTERED FIRM INFORMATION
3.1 Changes to Form 3 Information
(1) A registered firm must notify the regulator of a change to any information previously submitted in Form 3, or under this subsection, within 5 business days of the change.
(2) Except as provided in subsection (3), for the purposes of subsection (1), a notice of change must be made by submitting a completed Form 33-109F5 in paper format.
(3) Despite subsection (2), a notice of change under this section is not required to be in Form 33-109F5 if the change relates to
(2) Except as provided in subsection (3), for the purposes of subsection (1), a notice of change must be made by submitting a completed Form 33-109F5 in paper format.
(3) Despite subsection (2), a notice of change under this section is not required to be in Form 33-109F5 if the change relates to
(a) the addition of an officer, partner, or director to the registered firm, and if a completed Form 33-109F4 in respect of the officer, partner, or director is submitted under section 2.2 or 3.3;
(b) the resignation or termination of an officer, partner or director of the registered firm, and if a completed Form 33-109F1is submitted under section 4.3 or 5.2; or
(c) a business location other than head office, and if a completed Form 33-109F3 is submitted under section 3.2.
(b) the resignation or termination of an officer, partner or director of the registered firm, and if a completed Form 33-109F1is submitted under section 4.3 or 5.2; or
(c) a business location other than head office, and if a completed Form 33-109F3 is submitted under section 3.2.
3.2 Changes to Business Locations
(1) A registered firm must notify the regulator of the opening of a business location, other than a new head office, by submitting in accordance with MI 31-102 a completed Form 33-109F3 within 5 business days of the opening.
(2) A registered firm must notify the regulator of a change to any information previously submitted in Form 33-109F3 by submitting in accordance with MI 31-102 a completed Form 33-109F3 within 5 business days of the change.
(2) A registered firm must notify the regulator of a change to any information previously submitted in Form 33-109F3 by submitting in accordance with MI 31-102 a completed Form 33-109F3 within 5 business days of the change.
3.3 Addition of Non-registered Individuals - A registered firm must submit to the regulator in accordance with MI 31-102 a completed Form 33-109F4 for a non-registered individual within 5 business days of the individual becoming a non-registered individual of the registered firm.
PART 4 CHANGES TO REGISTERED INDIVIDUAL INFORMATION
4.1 Changes to Form 33-109F4 Information
(1) Except as provided in subsection (2), a registered individual must notify the regulator in accordance with MI 31-102 of a change to any information previously submitted in Form 33-109F4, or under this subsection, within 5 business days of the change.
(2) Despite subsection (1), a registered individual must notify the regulator in accordance with MI 31-102 of a change to information previously submitted in Item 3 or Item 8 of Form 33-109F4, or under this subsection, within 1 year of the change.
(2) Despite subsection (1), a registered individual must notify the regulator in accordance with MI 31-102 of a change to information previously submitted in Item 3 or Item 8 of Form 33-109F4, or under this subsection, within 1 year of the change.
4.2 Application to Change or Surrender Individual Registration Categories - A registered individual of a registered firm who applies to change or surrender his or her registration category with the firm must make the application by submitting to the regulator in accordance with MI 31-102 a completed Form 33-109F2.
4.3 Termination of Relationship - A registered firm must, within 5 business days of a termination of an employment, partner, or agency relationship with a registered individual, notify the regulator of the termination of the relationship by submitting in accordance with MI 31-102 a completed Form 33-109F1.
PART 5 CHANGES TO NON-REGISTERED INDIVIDUAL INFORMATION
5.1 Changes to Form 33-109F4 Information
(1) Except as provided in subsections (2), (3), and (4), a registered firm must notify the regulator in accordance with MI 31-102 of a change to any information previously submitted in Form 33-109F4, or under this subsection, for a non-registered individual within 5 business days of the change.
(2) Despite subsection (1) and except as provided in subsection (4), a registered firm must notify the regulator in accordance with MI 31-102 of a change to information previously submitted in Item 3 of Form 33-109F4, or under this subsection, for a non-registered individual within 1 year of the change.
(3) Despite subsection (1) and except as provided in subsection (4), a registered firm must notify the regulator of a change to any information regarding a category of non-registered individual listed in Item 6 of Form 33-109F4 for a non-registered individual by submitting in accordance with MI 31-102 a completed Form 33-109F2 within 5 business days of the change.
(4) Despite subsections (1), (2), and (3), a registered firm is not required to notify the regulator of a change to information if another firm has notified the regulator of the change in accordance with MI 31-102 and within the required time.
(2) Despite subsection (1) and except as provided in subsection (4), a registered firm must notify the regulator in accordance with MI 31-102 of a change to information previously submitted in Item 3 of Form 33-109F4, or under this subsection, for a non-registered individual within 1 year of the change.
(3) Despite subsection (1) and except as provided in subsection (4), a registered firm must notify the regulator of a change to any information regarding a category of non-registered individual listed in Item 6 of Form 33-109F4 for a non-registered individual by submitting in accordance with MI 31-102 a completed Form 33-109F2 within 5 business days of the change.
(4) Despite subsections (1), (2), and (3), a registered firm is not required to notify the regulator of a change to information if another firm has notified the regulator of the change in accordance with MI 31-102 and within the required time.
5.2 Termination of Relationship - A registered firm must, within 5 business days of an individual ceasing to be a non-registered individual of the registered firm, notify the regulator in accordance with MI 31-102 of the termination of the relationship by submitting a completed Form 33-109F1.
PART 6 DUE DILIGENCE AND RECORD-KEEPING
6.1 Sponsoring Firm Obligations
(1) A sponsoring firm must make reasonable efforts to ensure that information submitted by
(a) the firm for a non-registered individual; or
(b) a registered individual, or an individual applying for registration, for whom the firm is the sponsoring firm,
is true and complete.
(b) a registered individual, or an individual applying for registration, for whom the firm is the sponsoring firm,
is true and complete.
(2) A sponsoring firm must retain all documents used by the firm to satisfy its obligation under subsection (1),
(4) A sponsoring firm that retains a document under subsection (2) or (3) in respect of an NRD submission must record the NRD submission number on the document.
(a) in the case of a non-registered individual, for a period of 7 years after the individual ceases to be a non-registered individual; or
(b) in the case of a registered individual, or an individual applying for registration, for a period of 7 years after the individual ceases to be a registered individual with the firm.
(3) Without limiting the generality of subsection (2), if a registered individual, or an individual applying for registration, appoints an agent for service, the sponsoring firm must keep the original Appointment of Agent for Service executed by the individual for the period of time set out in paragraph (2)(b).(b) in the case of a registered individual, or an individual applying for registration, for a period of 7 years after the individual ceases to be a registered individual with the firm.
(4) A sponsoring firm that retains a document under subsection (2) or (3) in respect of an NRD submission must record the NRD submission number on the document.
PART 7 EXEMPTION
7.1 Exemption
(1) The regulator or the securities regulatory authority may grant an exemption from this Instrument, in whole or in part, subject to such conditions or restrictions as may be imposed in the exemption.
(2) Despite subsection (1), in Ontario only the regulator may grant such an exemption.
(2) Despite subsection (1), in Ontario only the regulator may grant such an exemption.
PART 8 TRANSITION TO NRD
8.1 Definitions - In this Part
“NRD access date” means, for an NRD firm filer, the date the NRD firm filer receives notice that it has access to NRD to make NRD submissions; and
“NRD freeze period” means the period that begins on the day specified in a notice of the securities regulatory authority and ends on the day that is 5 business days after the NRD access date.
8.2 Changes to Form 3 Information - A notice of change under section 3.1 is not required during the NRD freeze period if the change relates to
(a) the addition of an officer, partner, or director to the registered firm, and if a completed Form 33-109F4 in respect of the officer, partner, or director is submitted in accordance with MI 31-102 within 30 business days of the NRD access date;
(b) the resignation or termination of an officer, partner or director of the registered firm, and if a completed Form 33-109F1 is submitted in accordance with MI 31-102 within 30 business days of the NRD access date; or
(c) a business location other than head office, and if a completed Form 33-109F3 is submitted in accordance with MI 31-102 within 30 business days of the NRD access date.
(b) the resignation or termination of an officer, partner or director of the registered firm, and if a completed Form 33-109F1 is submitted in accordance with MI 31-102 within 30 business days of the NRD access date; or
(c) a business location other than head office, and if a completed Form 33-109F3 is submitted in accordance with MI 31-102 within 30 business days of the NRD access date.
8.3 Changes to Business Location - A registered firm is exempt from the requirement to make a submission under section 3.2 during the NRD freeze period, if the firm makes the submission in accordance with MI 31-102 within 30 business days of the NRD access date.
8.4 Addition of Non-registered Individuals - A registered firm is exempt from the requirement to make a submission under section 3.3 during the NRD freeze period, if the firm makes the submission in accordance with MI 31-102 within 30 business days of the NRD access date.
8.5 Changes to Form 4 Information - Registered Individuals
(1) This section applies to a registered individual who has not submitted in accordance with MI 31-102 a completed Form 33-109F4.
(2) A registered individual must notify the regulator of a change to any information previously submitted in Form 4, or under this subsection, by submitting a completed Form 33-109F5 in paper format within 5 business days of the change.
(3) A registered individual who has submitted a completed Form 33-109F5 under subsection (2), must submit in accordance with section 7.7 of MI 31-102 a completed Form 33-109F4.
(2) A registered individual must notify the regulator of a change to any information previously submitted in Form 4, or under this subsection, by submitting a completed Form 33-109F5 in paper format within 5 business days of the change.
(3) A registered individual who has submitted a completed Form 33-109F5 under subsection (2), must submit in accordance with section 7.7 of MI 31-102 a completed Form 33-109F4.
8.6 Termination of Relationship - Registered Individuals - A registered firm is exempt from the requirement to make a submission under section 4.3 during the NRD freeze period, if the firm makes the submission in accordance with MI 31-102 within 30 business days of the NRD access date.
8.7 Changes to Form 4 Information - Non-registered Individuals
(1) This section applies to a registered firm that has not submitted in accordance with MI 31-102 a completed Form 33-109F4 for a non-registered individual.
(2) A registered firm must notify the regulator of a change to any information previously submitted in Form 4 for a non-registered individual, or under this subsection, by submitting a completed Form 33-109F5 in paper format within 5 business days of the change.
(3) A registered firm that has submitted a completed Form 33-109F5 for a non-registered individual under subsection (2), must submit in accordance with section 7.8 of MI 31-102 a completed Form 33-109F4 for the non-registered individual.
(2) A registered firm must notify the regulator of a change to any information previously submitted in Form 4 for a non-registered individual, or under this subsection, by submitting a completed Form 33-109F5 in paper format within 5 business days of the change.
(3) A registered firm that has submitted a completed Form 33-109F5 for a non-registered individual under subsection (2), must submit in accordance with section 7.8 of MI 31-102 a completed Form 33-109F4 for the non-registered individual.
8.8 Termination of Relationship - Non-registered Individuals - A registered firm is exempt from the requirement to make a submission under section 5.2 during the NRD freeze period, if the firm makes the submission in accordance with MI 31-102 within 30 business days of the NRD access date.
PART 9 EFFECTIVE DATE
9.1 Effective Date - This Instrument comes into force on February 21, 2003.