Regulatory Alerts2020-04-16
Decision No. 2020-PDG-0030: General Decision Regarding Exemption from Certain Obligations of National Instrument 31-103
The Autorité des marchés financiers issued Decision No. 2020-PDG-0030 to exempt registered dealers, advisers, and investment fund managers from new client-focused reforms in National Instrument 31-103 that were scheduled to take effect on December 31, 2020. This exemption allows these entities to continue complying with the pre-amendment version of Part 14 of the Regulation until December 31, 2021, addressing operational difficulties identified during implementation consultations. The decision is effective from December 31, 2020, and will cease to have effect on December 31, 2021.
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