On October 3, 2019, the Canadian Securities Administrators (the
“CSA”) issued a Notice of Amendments
(the “Amendments”) to National
Instrument 31-103 Registration Requirements, Exemptions and
Ongoing Registrant Obligations and its companion policy
(together, “NI 31-103”).
In a notice dated April 16, 2020, the CSA extended the timeline
for implementation of the Amendments as a result of the COVID-19
pandemic. The effective date for the Amendments relating to
conflicts of interest is June 30, 2021. The effective date for the
remaining Amendments, including the provisions relating to
relationship disclosure information is December 31, 2021.
The Amendments seek to better align the interests of securities
advisers, dealers and representatives
(“registrants”) with the interests of
their clients, and at their core, focus on client interests.
