Canadian Securities Regulators Outline Requirements for Exempt Market Dealers

TORONTO, ONTARIO--(Marketwire - Aug. 7, 2009) - The Canadian Securities Administrators (CSA) today outlined the requirements for exempt market dealers (EMDs) under the new National Registration regime. CSA Staff Notice 31-312 summarizes the key proficiency, financial and operational requirements and transition process for the new EMD registration category under National Instrument 31-103 Registration Requirements and Exemptions (NI 31-103) which was published on July 17, 2009. It also summarizes the conditions for exemptive relief available in Alberta, British Columbia, Manitoba and the Territories. National Instrument 31-103 and related rules apply to firms and individuals who deal in securities, provide investment advice, or manage investment funds. NI 31-103 and related rules and amendments will come into force on September 28, 2009. The Notice and NI 31-103 are available on various CSA members' websites. The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. For more information: /T/ Carolyn Shaw-Rimmington Sylvain Theberge Ontario Securities Commission Autorite des marches financiers 416-593-2361 514-940-2176 Mark Dickey Ken Gracey Alberta Securities Commission British Columbia Securities 403-297-4481 Commission 604-899-6577 Ainsley Cunningham Wendy Connors-Beckett Manitoba Securities Commission New Brunswick Securities Commission 204-945-4733 506-643-7745 Natalie MacLellan Barbara Shourounis Nova Scotia Securities Commission Saskatchewan Financial Services 902-424-8586 Commission 306-787-5842 Janice Callbeck Doug Connolly PEI Securities Office Financial Services Regulation Div. Office of the Attorney General Newfoundland and Labrador 902-368-6288 709-729-2594 Fred Pretorius Louis Arki Yukon Securities Registry Nunavut Securities Office 867-667-5225 867-975-6587 Donn MacDougall Northwest Territories Securities Office 867-920-8984 /T/