Regulatory Alerts2019-01-03
Regulation 81-104 Respecting Alternative Mutual Funds
The Quebec securities regulator issued Regulation 81-104 to establish proficiency and supervisory requirements for individuals trading in alternative mutual funds. The regulation mandates that dealing representatives must pass specific courses such as the Canadian Securities Course and Derivatives Fundamentals Course, or complete the Chartered Financial Analyst Program. Additionally, designated supervisors for principal distributors and participating dealers must hold passing grades in the Derivatives Fundamentals Course or have completed the Chartered Financial Analyst Program.
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