Regulatory Alerts2022-11-24
Amendments to Policy Statement to Regulation 31-103 Respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The Canadian Securities Administrators have amended Policy Statement 31-103 to facilitate the transition of Québec mutual fund dealers to a new Self-Regulatory Organization. The revisions clarify that registered individuals dealing as mutual fund dealers in Québec are exempt from certain SRO provisions and that such firms must comply only with bylaws and rules applicable to their activities in that province. Additionally, the amendments adjust exemption references regarding the delivery of financial information to ensure consistency with the new regulatory framework.
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