Dealers, Advisers and Investment Fund Managers
Asking for Relief
Firms and individuals may apply for exemptive relief if they are unable to comply with a requirement in securities law. The process for exemptive relief applications varies depending on the type of relief requested and whether relief is required in more than one Canadian jurisdiction. A fee applies to exemptive relief applications. For more information, see Fees.
For information on applying for exemptive relief from any requirements other than proficiency requirements for an individual, see Asking for Relief under Information for Companies.
Relief from proficiency requirements for an individual
Individuals unable to comply with the proficiency requirements set out in Part 3 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations for a category of registration must submit the application “Apply for Exemption” through the National Registration Database (NRD), when they submit their application for registration in that category.
The exemption must include a detailed description of the individual’s experience and other qualifications. Individuals should also provide reference letters and proof of completion of any relevant educational accomplishments. These supporting documents can be submitted in paper format.
For more information:
- Registration Rules FAQ
- Omnibus orders, blanket orders and transitional relief relating to new registration regime
- CSA Staff Notice: 31-323 - Guidance Relating to the Registration Obligations of Mortgage Investment Entities