Regulatory Alerts2021-02-04
CSA Notice of Consultation: Draft Regulation to Amend Registration Information Requirements
The Canadian Securities Administrators propose targeted amendments to Regulation 33-109 to modernize registration information requirements and reduce regulatory burden for firms and individuals. Key changes include establishing a new principles-based framework for reporting outside activities, extending reporting deadlines from 10 to 15 or 30 days, and clarifying disclosure obligations for litigation, insolvency, and non-securities licenses. These revisions aim to improve data accuracy and consistency while maintaining investor protection standards ahead of the transition to the SEDAR+ system.
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