Regulatory Alerts2019-10-03
Regulation 31-103 Respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
Canadian securities regulators issued Regulation 31-103 to establish the registration categories, proficiency requirements, and ongoing obligations for individuals and firms operating in the securities industry. The regulation defines key terms such as permitted clients and qualified custodians while outlining specific exemptions, including the client mobility exemption for individuals registered in their principal jurisdiction. It mandates that registered firms and individuals adhere to strict standards of conduct, maintain appropriate professional qualifications, and comply with continuous reporting and compliance duties.
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