The Canadian Securities Administrators (CSA) today published a staff notice containing answers to frequently asked questions regarding National Instrument 31-103 Registration Requirements and Exemptions (NI 31-103) and amendments to National Instrument 33-109 Registration Information (NI 33-109), both of which came into force on September 28, 2009. According to the notice, the list of frequently asked questions were compiled from public enquiries the CSA members have received concerning NI 31-103 and NI 33-109. Among other things, the staff notice deals with proficiency exemptions, exempt market dealer underwriting activities and investment fund manager registration.
The notice consists of a chart organized according to the different sections of NI 31-103 and NI 33-109. Applicable answers based on views of CSA staff have been provided on the questions posed. A more detailed overview of these frequently asked questions will follow.