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ARTICLE · 30 SEPTEMBER 2024

Important Reminder: Pruning The Process – Surrendering Registration

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A firm may want to surrender its securities registration in one or more categories in Ontario for a variety of reasons, usually when it ceases or intends to cease conducting registerable activities.

CanadaCorporate/Commercial Law
AUM Law
AUM Law
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A firm may want to surrender its securities registration in one or more categories in Ontario for a variety of reasons, usually when it ceases or intends to cease conducting registerable activities. The surrender will not be accepted until the registrant can demonstrate to the regulators that (i) all financial obligations of the person or company to clients have been discharged; (ii) all requirements for the surrender of registration have been or will be fulfilled in an appropriate manner; and (iii) the surrender of the registration is not prejudicial to the public interest.

To apply, registrant firms must complete and file an application letter in accordance with the template provided by the Ontario Securities Commission and filed through its online portal. The application must include specified information, including a description of:

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