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Bulletin #0890-P

For further information, please contact:

Stacey Shein
Senior Legal and Policy Counsel
For Distribution to Relevant Parties within your Firm

CSA Publication of Final Amendments to National Instrument 33-109 Registration Information and Changes to Companion Policy 33-109CP Registration Information

On December 16, 2021, the Canadian Securities Administrators (CSA) published in final form, amendments to National Instrument 33-109 Registration Information and changes to Companion Policy 33-109CP Registration Information. Consequential amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations and its companion policy were also published.

Highlights of the amendments include:

  • Establishing a new framework for reporting outside activities to regulators.
  • Codifying existing requirements regarding outside activities that are positions of influence.
  • Extending some deadlines to report changes in registration information.
  • Implementing a new rule to reduce multiple filings of the same information.
  • Amending certain registration requirements to reduce common errors.
  • Clarifying the language on certain forms.
  • Updating and improving the privacy notice to provide greater clarity on how personal information is collected and used by the CSA and SROs.
  • Implementing a new requirement to report the business titles and professional designations used by registered firms and individuals.

For additional details please see MFDA Bulletin #0853-P.

Provided all Ministerial approvals are obtained, the amendments will come into force on June 6, 2022.

The CSA will not require registrants to update their registration information as of the effective date of the amendments. Instead, registrants will be required to update their information by the earlier of (i) when the registrant next has a change in registration information to report on or after the June 6, 2022 effective date and (ii) June 6, 2023.

The CSA Publication Notice, along with the final form of the amendments and all related materials may be viewed at this link