Canadian Regulators Provide Guidance on Transition to New Registration Regime

    TORONTO, June 12 /CNW/ - The Canadian Securities Administrators (CSA)
today published CSA Staff Notice 31-311 which provides guidance for the
transition from the existing registration regime to the new registration
regime under proposed National Instrument 31-103 Registration Requirements and
Exemptions (NI 31-103).
    In an effort to make the transition as smooth and efficient as possible,
CSA staff have outlined in the Notice several items of which registrants
should be aware, including proposed changes to the National Registration
Database (NRD), the conversion by firms and individuals to new categories of
registration and the transition period to comply with new requirements under
NI 31-103.
    As part of the transition, the NRD is scheduled to be shut down from
September 25 to October 12, 2009 to allow for the conversion to new categories
of registration. During this time, firms would have read-only access to the
database and would need to submit material information to their securities
regulator and then re-file that material on the NRD after the database reopens
on October 12, 2009.
    NI 31-103 is subject to final approvals by securities regulatory
authorities and governments in certain jurisdictions. If approved, CSA staff
expect to publish NI 31-103 in July 2009. It would come into force on
September 28, 2009.
    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 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

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