Becoming an EMD requires registration with one or more securities regulatory authorities across Canada pursuant to NI 31-103. A firm must be registered as an EMD and one of more individuals must register as the EMDs Chief Compliance Officer, Ultimate Designated Person and one or more Dealing Representatives.
Persons or firms interested in registering as an exempt market dealer can access the required forms below and should complete and submit them to their local securities regulatory authority. Please check our "industry and regulatory links" section for links to the websites of the securities regulatory authority in each province and territory.
A useful "Guide to Getting Registered" can be found on the OSC website.
In order for a firm to become registered as an exempt market dealer, an applicant firm will be required to submit the information required on Form 33-109F6 - Firm Registration.
In addition to the firm's registration as an exempt market dealer, each firm will require to register one or more individuals as dealing representatives, a chief compliance officer, an ultimate designated person and may be required to file notice of permitted individuals. The registration applications for individuals are to be submitted using Form 33-109F4 - Individual Registration.
For details on these individual positions, the qualifications and proficiency requirements for each, and for information on the requirements for firms registering as an EMD, refer to National Instrument 31-103.
To locate registration forms and better understand which ones you need and when, see this section of the OSC website - OSC Guide to Registration Forms.