Regulatory Alerts2020-04-16
Decision No. 2020-PDG-0031: General Decision Regarding Exemption from Certain Obligations of National Instrument 31-103 Related to COVID-19
The Autorité des marchés financiers issued Decision No. 2020-PDG-0031 to exempt registered dealers, advisers, and investment fund managers from complying with new client-focused reforms in National Instrument 31-103 that were scheduled to take effect on December 31, 2020. This exemption applies provided that these market participants continue to comply with the obligations as they existed on December 30, 2020, thereby mitigating compliance difficulties caused by the COVID-19 pandemic. The decision officially takes effect on December 31, 2020, and will cease to have effect on June 30, 2021.
Share