The CSA Get Down To Business - Registration Reform And How It Will Impact You

The Canadian securities administrators ("CSA") have recently released for comment the much-anticipated National Instrument 31-103 - Registration Requirements ("NI 31-103" or the "Instrument"), a new rule that is designed to nationally harmonize and streamline the registration regime for firms and individuals. Once in force, NI 31-103 will replace the multiple sets of rules contained in individual provincial securities acts, regulations, rules and policy statements with one consolidated national rule. It is important to note that in order to be completely effective, NI 31-103 must be implemented in concert with several proposed legislative amendments which are still under review by various provincial governments. These proposed legislative amendments were not published with NI 31-103.