CSA Warns About False Or Misleading Information In Registration Applications

On July 13, 2017, the Canadian Securities Administrators (the "CSA") released CSA Staff Notice 33-320 The Requirement for True and Complete Applications for Registration (the "Notice"). The Notice focuses on the application process for individual registration in accordance with National Instrument 33-109 Registration Information ("NI 33-109"), and Form 33-109F4 Registration of Individuals and Review of Permitted Individuals (the "Form").

According to the CSA, the purpose of the Notice is to alert stakeholders to the serious issue of submitting false or misleading applications for registration and to caution them about the potential consequences of submitting such applications, as well as to provide guidance for completing the application form.