How does a firm become an EMD?

Becoming an exempt market dealer requires registration with one or more securities regulatory authorities across Canada. Persons or firms interested in registering as an exempt market dealer should contact their local securities regualtory authority for a registration package and the required information for submitting an application. Please check our industry and regulatory links section for links to the websites of the securities regulatory authority in each province and territory.

In order 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.