2803. Dealer Member obligations for the National Registration Database

Or jump to a Series:

    1. A Dealer Member must, as prescribed by the applicable securities laws:

      1. enroll in the National Registration Database  and pay the enrollment fee to the securities regulatory authority in the Dealer Member’s principal jurisdiction,

      2. enroll, with the National Registration Database Administrator, only one chief authorized firm representative responsible for the Dealer Member’s National Registration Database filings,

      3. notify the National Registration Database Administrator, of the appointment of a new chief authorized firm representative within seven days of the appointment,

      4. notify the National Registration Database Administrator,  of any change in name, phone number, fax number or email address  of the chief authorized firm representative within seven days of the change,

      5. maintain only one National Registration Database account, and

      6. submit through the National Registration Database any change of an authorized firm representative who is not the chief authorized firm representative, within seven days.

    2. The following list describes the submission requirements as prescribed by securities laws.
      1. A Dealer Member must make the following submissions using the National Registration Database on the National Registration Database form specified.

        Type of submission

        Form and timeline for submission

        1. an application for approval of an individual under any IIROC requirement

        Form 33-109F4 - Registration of Individuals and Review of Permitted Individuals 

        1. a notification of any change in the type of business which an Approved Person will conduct

        Form 33-109F2 - Change or Surrender of Individual Categories 

          1. an application for different or additional approval under IIROC requirements for any Approved Person
          2. a surrender of existing approval

        Form 33-109F2 - Change or Surrender of Individual Categories 

        1. a report of a change of information regarding an Approved Person previously submitted in Form 33-109F4

        Form 33-109F5 - Change of Registration Information , within the time periods and manner prescribed in National Instrument 33-109 and 33-109CP.

        1. an application for an exemption from a proficiency requirement of section 2602 for an Approved Person or applicant for approval

        “Apply for an Exemption” submission on the National Registration Database

        1. a notification of a Dealer Member terminating 
          1. the employment of, or 
          2. principal or agent relationship with an Approved Person

        Form 33-109F1 - Notice of Termination of Registered Individuals and Permitted Individuals. 

        Items one through four of this form must be filed within 10 days of the cessation date. 

        Item five must be filed within 30 days of cessation date unless the reason for termination under item four is that the individual is deceased.

        1. a notification of a business location opening or closing under section 2202 

        Form 33- 109F3 - Business locations other than head office ,within 10 days of the opening or closing

        1. a notification of change of address, type of location or supervision of any business location

        Form 33-109F3 - Business locations other than head office, within 10 days of the change

        1. notification of reinstatement of individual approval.

        Form 33-109F7 - Reinstatement of Registered Individuals and Permitted Individuals, within 90 days of the cessation date from the previous sponsoring firm (see section 2808 for eligible criteria before making this filing).

      2. Before filing a notice of change of business type under sub-clause 2803(2)(i)(b) above, a Dealer Member must notify IIROC through the National Registration Database that either:
        1. the Approved Person has completed the necessary proficiency requirements under section 2602(3) to undertake the type of business, or
        2. the Approved Person has been granted an exemption from the proficiency requirements under sections 2625 through 2628. 

    There is no history log for this rule.

    There is no history log for this rule.