Regulatory Alerts2022-03-17
Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The Minister of Finance approved the Autorité des marchés financiers' regulation amending Regulation 31-103 under the Securities Act. The amendment replaces section 12.7 to require registered firms to promptly notify regulators of changes to required bonding or insurance, while exempting renewals of at least one year. It also introduces section 13.4.3 to prohibit registered individuals in positions of influence from trading for or recommending securities to susceptible clients or their close family members.
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