Securities Law & Instruments

Notice of Correction – NI 31-103 Registration Requirements and Exemptions
(July 17, 2009, Supplement 2) – Appendix A of CSA Notice


There is an error in Appendix A of CSA Notice – Notice of National Instrument 31-103 Registration Requirements and Exemptions, published in the OSC Bulletin, Volume 32, Issue 29, Supplement 2 on July 17, 2009.

On page 23, under the heading “Representatives of EMDs”, it reads:
We received several comments on the requirement that EMD representatives pass the Canadian Securities Course (CSC) examination. We have added the IFSE Institute Exempt Market Products Exam as an alternative to the CSC examination for these representatives, with an extended transition period of 24 months' for passing either of these examinations. We will assess new examinations submitted to us for approval and will amend the Rule if and when we approve new examinations.

The transition period is 12 months; the paragraph should read:
We received several comments on the requirement that EMD representatives pass the Canadian Securities Course (CSC) examination. We have added the IFSE Institute Exempt Market Products Exam as an alternative to the CSC examination for these representatives, with an extended transition period of 12 months' for passing either of these examinations. We will assess new examinations submitted to us for approval and will amend the Rule if and when we approve new examinations.