2021-06-17

Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations

The Minister of Finance approved the Autorité des marchés financiers' regulation amending Regulation 31-103 regarding registration requirements and ongoing registrant obligations. The amendment modifies section 8.12 by replacing specific provincial references in paragraph (3) and repealing paragraph (4). The regulation generally comes into force on July 1, 2021, with specific delayed effective dates for Ontario and Saskatchewan.

Autorite des marches financiers Quebec logo

Canada

Autorite des marches financiers Quebec

Click to view thumbnail

Part 2 GAZETTE OFFICIELLE DU QUÉBEC, June 16, 2021, Vol. 153, No. 24 1699 (e) a state of title certificate or equivalent, showing the registration of the syndicated mortgage; (f) a copy of any administration agreement or trust indenture; (g) a copy of any agreement the purchaser entered into in connection with the distribution of the syndicated mortgage.”. 8. (1) This Regulation comes into force on 1 July 2021. (2) In Ontario, despite paragraph (1), this Regulation comes into force on the later of the following: (a) 1 July 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 this Regulation is filed with the Registrar of Regulations after 1 July 2021, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations. 105090 M.O., 2021-04 Order number V-1.1-2021-04 of the Minister of Finance dated 4 June 2021 Securities Act (chapter V-1.1) Concerning the Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations Whereas paragraphs 11 and 26 of section 331.1 of the Securities Act (chapter V-1.1) provide that the Autorité des marchés financiers may make regulations concerning the matters referred to in those paragraphs; Whereas the third and fourth paragraphs of sec￾tion 331.2 of the said Act provide that a draft regulation shall be published in the Bulletin de l’Autorité des marchés financiers, accompanied with the notice required under section 10 of the Regulations Act (chapter R-18.1) and may not be submitted for approval or be made before 30 days have elapsed since its publication; Whereas the first and fifth paragraphs of the said section provide that every regulation made under sec￾tion 331.1 must be approved, with or without amendment, by the Minister of Finance and comes into force on the date of its publication in the Gazette officielle du Québec or on any later date specified in the regulation; Whereas the Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations was approved by ministerial order no. 2009-04 dated 9 September 2009 (2009, G.O. 2, 3309A); Whereas there is cause to amend this Regulation; Whereas the draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations was pub￾lished for a first consultation in the Bulletin de l’Autorité des marchés financiers, vol. 15, no. 9 of 8 March 2018; Whereas the draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations was published for a second consultation in the Bulletin de l’Autorité des marchés financiers, vol. 16, no. 11 of 21 March 2019;

1700 GAZETTE OFFICIELLE DU QUÉBEC, June 16, 2021, Vol. 153, No. 24 Part 2 Whereas the revised text of the draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations was published in the Bulletin de l’Autorité des marchés financiers, vol. 17, no. 31 of 6 August 2020; Whereas the Autorité des marchés financiers made, on 26 May 2021, by the decision no. 2021-PDG-0022, Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations; 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))

  1. 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).
  2. (1) This Regulation comes into force on 1 July 2021. (2) In Ontario, despite paragraph (1), this Regulation comes into force on the later of the following: (a) 1 July 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 this Regulation is filed with the Registrar of Regulations after 1 July 2021, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations. Whereas there is cause to approve this Regulation without amendment; Consequently, the Minister of Finance approves without amendment the Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations appended hereto. 4 June 2021 Eric Girard Minister of Finance 105091