Regulatory Alerts2021-10-07
Added · Updated
Draft Regulation to amend Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
The regulator amends Regulation 31-103 to redefine the term designated rating by aligning it with the definition found in Regulation 81-102 respecting Investment Funds. This change standardizes terminology across securities regulations to ensure consistency in registration requirements and ongoing obligations. The amendment is scheduled to come into force on January 5, 2022, with a specific provision allowing Saskatchewan to delay implementation until the regulation is filed with the Registrar of Regulations if that occurs after the initial date.
REGULATION TO AMEND REGULATION 31-103 RESPECTING REGISTRATION REQUIREMENTS, EXEMPTIONS AND ONGOING REGISTRANT OBLIGATIONS Securities Act (chapter V-1.1, s. 331.1, par. (34))
- Section 1.1 of Regulation 31-103 respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations (chapter V-1.1, r. 10) is amended by replacing the definition of the expression “designated rating” with the following: ““designated rating” has the same meaning as in Regulation 81-102 respecting Investment Funds (chapter V-1.1, r. 39);”.
- Effective Date (1) This Regulation comes into force on 5 January 2022. (2) In Saskatchewan, despite paragraph (1), if this Regulation is filed with the Registrar of Regulations after 5 January 2022, this Regulation comes into force on the day on which it is filed with the Registrar of Regulations.
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