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ARTICLE · 27 JULY 2009

Registration Exemptions Finalized For International Dealers And Advisers

Blake, Cassels & Graydon LLP
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The Canadian Securities Administrators (CSA) have published the final form of National Instrument 31-103 – Registration Requirements and Exemptions (the National Instrument), which will come into force on September 28, 2009.

CanadaFinance and Banking
Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Copyright 2009, Blake, Cassels & Graydon LLP

Originally published in Blakes Bulletin on Securities Regulation, July 2009

The Canadian Securities Administrators (CSA) have published the final form of National Instrument 31-103 – Registration Requirements and Exemptions (the National Instrument), which will come into force on September 28, 2009. As reported in previous Blakes Bulletins on the topic, this National Instrument is part of a substantial reform of securities regulation relating to the registration of dealers and advisers in Canada. It is designed to modernize and harmonize the rules across Canada's provinces and territories.

Among the many changes contained in the National Instrument is the elimination in Ontario of the categories of "international dealer" and "international adviser" and their replacement across Canada with new exemptions from the registration requirements. The new exemptions will allow non-Canadian companies to trade or provide

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