New Brunswick Securities Commission

Canadian securities regulators outline requirements for exempt market dealers (09/08/11)

NB 1102

Aug. 11, 2009

TORONTO, Ontario (CNB) - Requirements for exempt market dealers (EMDs) under the new national registration regime were outlined recently by the Canadian Securities Administrators (CSA).

CSA Staff Notice 31-312 summarizes the key proficiency, financial and operational requirements and transition process for the new EMD registration category under National Instrument 31-103 Registration Requirements and Exemptions (NI 31-103), which was published on July 17, 2009. It also summarizes the conditions for exemption relief available in Alberta, British Columbia, Manitoba and the Northwest Territories.

National Instrument 31-103 and related rules apply to firms and individuals who deal in securities, provide investment advice, or manage investment funds. NI 31-103 and related rules and amendments will come into force on Sept. 28, 2009.

The notice and NI 31-103 are available online.

The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.


MEDIA CONTACT: Wendy Connors-Beckett, New Brunswick Securities Commission, 506-643-7745.