Regulatory Alerts2021-12-16
Regulation to Amend Regulation 31-103 Respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The securities regulatory authority amends Regulation 31-103 to update registration requirements and ongoing obligations for registrants. The changes require registered firms to promptly notify regulators of any changes, claims, or cancellations regarding required bonding or insurance. Additionally, the amendment introduces restrictions prohibiting registered individuals in positions of influence from trading for or recommending securities to susceptible clients or their close family members.
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