Regulatory Alerts2021-06-17
Amendments to Policy Statement to Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
Regulators have amended Policy Statement to Regulation 31-103 to clarify that relevant securities industry experience may include employment at firms relying on registration exemptions. Specifically, experience gained at licensed mortgage brokers or dealers can be considered relevant if it aligns with the applied-for category. Regulators retain the authority to impose terms and conditions on individuals or sponsoring firms to limit specific activities in these cases.
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