Regulatory Alerts2025-11-27
CSA Multilateral Staff Notice 31-367: Consultation on Exempt Market Dealer Participation in Prospectus Selling Groups
The Canadian Securities Administrators announce that the temporary exemption allowing exempt market dealers to participate in prospectus selling groups expires on December 20, 2025, and will not be extended. Regulators are seeking stakeholder feedback on the limited uptake of the order and specific barriers such as compensation limits, lack of electronic settlement access, and advisory restrictions. The consultation period for submissions regarding potential future policy changes closes on January 26, 2026.
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