Regulatory Alerts2022-05-12
Amendments to Policy Statement to Regulation 31-103 Respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
Regulatory authorities have amended Policy Statement to Regulation 31-103 to facilitate the transition for Québec mutual fund dealers to the new Self-Regulatory Organization. The changes insert specific exceptions for registered dealing representatives of mutual fund dealers in Québec within Section 3.16 regarding SRO provisions. Additionally, Section 9.4 is modified to exclude Québec from MFDA member references and redefine membership status for individuals registered in other jurisdictions.
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