Regulatory Alerts2019-06-06
Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The Minister of Finance approved the Autorité des marchés financiers' amendments to Regulation 31-103 to update custody requirements for registered firms. The changes exempt firms from certain custodial rules when client cash or securities are held as margin with non-Canadian members of regulated clearing agencies that meet specific net worth and regulatory audit standards. These amendments came into force on June 12, 2019, with a delayed effective date for Saskatchewan if filed after that date.
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