Frequently Asked Questions

FAQ for Reporting Issuers

Click on the links below to learn more on the follow topics in their corresponding section on the website.









FAQ for Dealers & Advisers

Click on the links below to learn more on the follow topics in their corresponding section on the website.




 
Do (non-principal regulator) dealers and advising firms have to file year-end financial statements with the Commission?

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The filing requirements and exemptions for annual financial statements are outlined in National Instrument 31-103, section 1.3, 9.3, 9.4 and 12.10.


Do (non-principal regulator) dealers and advising firms have to file proof of bonding coverage with the  Commission?

The filing requirements and exemptions for insurance bonding are outlined in National Instrument 31-103, section 1.3, 9.3, 9.4 and 12.7.


Do Branch Managers supervising New Brunswick work location need to be a resident in New Brunswick?

Yes, unless exempted.


Do courses and proficiencies expire?



How do I obtain an exemption?

Some exemptions may be automatic while others are discretionary.

The majority of automatic exemptions are found in National Instrument 45-106 Prospectus and Registration Exemptions. You donít need to file an application for an automatic exemption. You only need to conform to the conditions attached to the exemption, if any. Consult NI 45-106 to determine which exemption is applicable and which conditions are required to be met.

For discretionary exemptions, an application is required. The applicant must submit a fee of $450 for each exemption applied for (an additional $350 will be charged for expedited processing). A cover letter explaining and including all the relevant information pertaining to the application will need to be included as part of the application. A draft decision document and authorization may also be required if the application is not filed through NRD. Precedents of past applications that were granted may be obtained by contacting staff of the Securities Division.


Where do I find summaries of the mutual fund dealer compliance reviews

These are not normally disclosed to the public. Please contact staff of the Securities Division to determine if a copy of a particular review is available.

 

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