TORONTO, Aug. 7 /CNW/ - 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
For further information:
For further information: Carolyn Shaw-Rimmington, Ontario Securities
Commission, (416) 593-2361; Mark Dickey, Alberta Securities Commission, (403)
297-4481; Ainsley Cunningham, Manitoba Securities Commission, (204) 945-4733;
Natalie MacLellan, Nova Scotia Securities Commission, (902) 424-8586; Janice
Callbeck, PEI Securities Office, Office of the Attorney General, (902)
368-6288; Fred Pretorius, Yukon Securities Registry, (867) 667-5225; Donn
MacDougall, Northwest Territories Securities Office, (867) 920-8984; Sylvain
Théberge, Autorité des marchés financiers, (514) 940-2176; Ken Gracey, British
Columbia Securities Commission, (604) 899-6577; Wendy Connors-Beckett, New
Brunswick Securities Commission, (506) 643-7745; Barbara Shourounis,
Saskatchewan Financial Services Commission, (306) 787-5842; Doug Connolly,
Financial Services Regulation Div. Newfoundland and Labrador, (709) 729-2594;
Louis Arki, Nunavut Securities Office, (867) 975-6587