Canadian Securities Administrators

Canadian Securities Administrators

August 07, 2009 11:00 ET

Canadian Securities Regulators Outline Requirements for Exempt Market Dealers

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2009) - 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 Sylvain Theberge
Ontario Securities Commission Autorite des marches financiers
416-593-2361 514-940-2176

Mark Dickey Ken Gracey
Alberta Securities Commission British Columbia Securities
403-297-4481 Commission

Ainsley Cunningham Wendy Connors-Beckett
Manitoba Securities Commission New Brunswick Securities Commission
204-945-4733 506-643-7745

Natalie MacLellan Barbara Shourounis
Nova Scotia Securities Commission Saskatchewan Financial Services
902-424-8586 Commission

Janice Callbeck Doug Connolly
PEI Securities Office Financial Services Regulation Div.
Office of the Attorney General Newfoundland and Labrador
902-368-6288 709-729-2594

Fred Pretorius Louis Arki
Yukon Securities Registry Nunavut Securities Office
867-667-5225 867-975-6587

Donn MacDougall
Northwest Territories
Securities Office

Contact Information

  • Autorite des marches financiers
    Sylvain Theberge