Regulatory Alerts2021-12-16
CSA Notice of Publication: Regulation to amend Regulation 33-109 respecting Registration Information
The Canadian Securities Administrators adopted amendments to Regulation 33-109 and Regulation 31-103 to modernize registration information requirements, clarify outside activity reporting, and update filing deadlines for all registrants. These changes establish a new framework for reporting outside activities, replace restricted client terms with specific rules on positions of influence, and extend certain reporting deadlines to reduce regulatory burden while maintaining investor protection. The amendments are scheduled to come into force on June 6, 2022, subject to ministerial approvals, with a transition period requiring updates to National Registration Database records by June 6, 2023.
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