For Immediate Release
August 7, 2009
Canadian Securities Regulators Outline Requirements for
Exempt Market Dealers
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.
For more information:
| Carolyn Shaw-Rimmington Ontario Securities Commission 416-593-2361 |
Sylvain Théberge |
Mark Dickey |
Ken Gracey |
Ainsley Cunningham |
Wendy Connors-Beckett |
Natalie MacLellan |
Barbara Shourounis |
Janice Callbeck |
Doug Connolly |
Fred Pretorius |
Louis Arki |
Donn MacDougall |