Canadian securities regulators seek comment on proposed changes to registration rules for dealers, advisers and investment fund managers

05 December 2013

The Canadian Securities Administrators (CSA) are seeking public comment on proposals to amend the regulatory framework for firms and individuals who trade in securities, provide investment advice or manage investment funds. The comment period is open until March 12, 2014.

The CSA introduced the National Registration Rules in 2009 as a means to harmonise, modernise and streamline registration policies across Canada. Since implementation, the CSA have monitored the operation of the National Registration Rules and maintained an ongoing dialogue with registrants. The proposed amendments, which range from technical adjustments to more substantive matters, are the latest result of this ongoing monitoring and dialogue, and aim to increase overall efficiency.

The proposals contain several key amendments that aim to:

“Both investors and industry participants will benefit from the proposed amendments, which include general improvements to the registrant regulatory framework as well as address specific problems identified during the monitoring of the application of the National Registration Rules", said Bill Rice, Chair of the CSA and President and Chief Executive Officer of the Alberta Securities Commission. “The proposed amendments aim to improve compliance and investor protection by bringing further clarity to regulators’ expectations for registrants operating under National Registration Rules.”

National Instrument 31-103

Full press release


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