Regulatory Alerts2023-01-01
Policy Statement 11-204 Respecting Process for Registration in Multiple Jurisdictions
Canadian securities regulators issued Policy Statement 11-204 to streamline the registration process for firms and individuals operating across multiple Canadian jurisdictions. The policy establishes two primary pathways—passport registration for non-principal jurisdictions and interface registration for Ontario—and designates a principal regulator to conduct the primary review while other regulators automatically recognize the submission, fees, and applicable conditions. By leveraging the National Registration Database for filings and payments, the framework eliminates redundant regulatory reviews and ensures that exemptions and terms granted in one jurisdiction automatically apply to others.
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