2022-04-14
The Minister of Finance of Quebec approved the Autorité des marchés financiers' Regulation to amend Regulation 31-103 without amendment. The amendments delete specific language regarding deferred or contingent sales charges from section 8.7 and remove a subparagraph from section 14.2.1. The regulation comes into force on June 1, 2022.
1072 GAZETTE OFFICIELLE DU QUÉBEC, April 13, 2022, Vol. 154, No. 15 Part 2 M.O., 2022-06 Order number V-1.1-2022-06 of the Minister of Finance dated 28 March 2022 Securities Act (chapter V-1.1) Concerning the Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations Whereas paragraphs 1 and 8 of section 331.1 of the Securities Act (chapter V-1.1) provide that the Autorité des marchés financiers may make regulations concerning the matters referred to in those paragraphs; Whereas the third and fourth paragraphs of section 331.2 of the said Act provide that a draft regulation shall be published in the Bulletin de l’Autorité des marchés financiers, accompanied with the notice required under section 10 of the Regulations Act (chapter R-18.1) and may not be submitted for approval or be made before 30 days have elapsed since its publication; Whereas the first and fifth paragraphs of the said section provide that every regulation made under section 331.1 must be approved, with or without amendment, by the Minister of Finance and comes into force on the date of its publication in the Gazette officielle du Québec or on any later date specified in the regulation; Whereas the Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations was approved by ministerial order no. 2009-04 dated 9 September 2009 (2009, G.O. 2, 3309A); Whereas there is cause to amend this Regulation; Whereas the draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations was published for consultation in the Bulletin de l’Autorité des marchés financiers, vol. 18, no. 42 of 21 October 2021; Whereas the Autorité des marchés financiers made, on 9 March 2022, by the decision no. 2022-PDG-0012, Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations; Whereas there is cause to approve this Regulation without amendment; Consequently, the Minister of Finance approves without amendment the Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations appended hereto. 28 March 2022 Eric Girard Minister of Finance REGULATION TO AMEND REGULATION 31-103 RESPECTING REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS Securities Act (chapter V-1.1, s. 331.1, par. (1) and (8))