Regulatory Alerts2019-10-03
Policy Statement to Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The Canadian Securities Administrators issued this policy statement to provide guidance on the interpretation and application of Regulation 31-103 regarding registration requirements and ongoing obligations for registrants. The document defines key terms such as permitted clients and establishes the fundamental concepts of the registration regime, including the business trigger for trading and advising and fitness for registration standards. It further details specific exemptions from registration and disclosure requirements, particularly for international dealers, financial institutions, and clients meeting certain asset thresholds.
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