Regulatory Alerts2020-08-06
Regulation to Amend Regulation 31-103 Respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The regulatory authority has amended Regulation 31-103 to simplify the text of section 8.12 by replacing specific provincial references with a general reference to subsection (2) and repealing paragraph (4). These changes are designed to streamline registration requirements and exemptions for registrants across Canadian jurisdictions. The amendments generally come into force on March 1, 2021, with specific delayed effective dates applying to Ontario and Saskatchewan based on legislative proclamations or filing dates.
REGULATION TO AMEND REGULATION 31-103 RESPECTING REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS Securities Act (chapter V-1.1, s. 331.1, par. (11) and (26))
- Section 8.12 of Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations (chapter V-1.1, r. 10) is amended: (1) by replacing, in paragraph (3), “In Alberta, British Columbia, Manitoba, New Brunswick, Québec and Saskatchewan, subsection (2)” with “Subsection (2)”; (2) by repealing paragraph (4).
- (1) This Regulation comes into force on 1 March 2021. (2) In Ontario, despite paragraph (1), this Regulation comes into force on the later of the following: (a) 1 March 2021; and (b) the day on which sections 4 and 5 of Schedule 37 to Bill 177, Stronger, Fairer Ontario Act (Budget Measures), 2017 are proclaimed into force. (3) In Saskatchewan, despite paragraph (1), if these regulations are filed with the Registrar of Regulations after 1 March 2021, these regulations come into force on the day on which they are filed with the Registrar of Regulations.
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