Buzz Archive:
Canada: New National Instrument 31-103 takes effect

by Attorneys at McCarthy Tétrault LLP, 12/2/2009

Attorneys: Michael C. Nicholas, Sean D. Sadler, Rene R. Sorell, Sonia J. Struthers, and Delia Cristea of McCarthy Tétrault LLP

Dealer and adviser registration categories and requirements throughout Canada are numerous, varied and complex. After several years of consultation, the Canadian Securities Administrators (CSA) have published National Instrument 31-103 Registration Requirements and Exemptions (NI 31-103) containing amendments to securities legislation and local rules that are intended to harmonize, streamline and simplify dealer and adviser registration categories and requirements. NI 31-103 became effective in all provinces and territories of Canada on September 28, 2009 (the "Implementation Date").

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