• Deborah

Adopted in December 16, the amendments to National Instrument 33-109 Registration Information, National Instrument 33-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations as well as well as the consequential changes to their companion policies (together the ‘Amendments’), provide greater clarity on the information to be submitted by individuals and firms.

Highlights of the changes include:

  • Removal of the requirement to report Category 6 ‘Specified activities’ to securities regulatory authorities

  • Activities with an affiliate will have to be reported as outside activity

  • Clarification regarding the notion of ‘position of influence’ including the prohibition for registered firms and their Individual Registrants to sell or advise individuals when the Individual Registrant is in a position of influence

  • Change in an individual’s status should be reported under 15 days

  • Requirement for Individual Registrants to report their business titles and professional designations.

Subject to Ministerial approvals, the Amendments are scheduled to come into force on June 6, 2022.



Recent Posts

See All

01/06/2022 - Effective date of Amendments to National Instrument 81-105 Mutual Fund Sales Practices and Related Consequential Amendments relating to prohibition of deferred sales charges for investmen

According to the CFA Institute, the most common definition of a derivative is that it is “a financial instrument that derives its performance from the performance of an underlying asset.’’ There are t