Regulatory Alerts2019-03-15
Draft Policy Statement to Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
Regulators amended Policy Statement 31-103 to clarify that relevant securities industry experience may include work at firms relying on registration exemptions, such as licensed mortgage brokers. This change allows experience in mortgage brokerage or agency roles to count toward registration categories if directly relevant to the application. Regulators retain the authority to impose specific terms and conditions on individuals or sponsoring firms to limit activities in these cases.
Share