Regulatory Alerts2026-07-04
Added · Updated
Regulation 31-103 Respecting Registration Requirements, Exemptions and Ongoing Registrant Obligations
Canadian securities regulators issued Regulation 31-103, which establishes comprehensive registration requirements, exemptions, and ongoing obligations for registrants in the securities industry. The regulation defines various individual registration categories, including dealing and advising representatives, ultimate designated persons, and chief compliance officers, while also providing a client mobility exemption for individuals meeting specific criteria. It further outlines general proficiency requirements for individuals and provides extensive definitions for terms like 'eligible client,' 'financial exploitation,' 'permitted client,' 'registered firm,' 'temporary hold,' and 'vulnerable client,' which are crucial for compliance.