CSA Announces Limited Extension for Certain CRM 2 Requirements for Dealers and Advisers In an announcement made yesterday by Bill Rice, Chair of the Canadian Securities Administrators (CSA), the CSA has decided: The July 15, 2015 requirements applicable to registered dealers and advisers will be delayed until December 31, 2015. This means that the new…
The Canadian Securities Administrators (the “CSA”) and the Ontario Securities Commission (the “OSC”) recently introduced amendments to the exempt market dealer (“EMD”) registration category. Some of these amendments will undoubtedly make it more difficult for EMDs to become registered or restrict their business activities. Experience As of January 11, 2015, the chief compliance officer (“CCO”)…