The Nova Scotia Securities Commission has approved a rule regarding underwriting conflicts.

The NSSC says that Rule 33-105 Underwriting Conflicts will take effect on May 1, unless the Governor in Council disapproves the rule or returns it to the commission.

The rule represents the development of a national approach to the regulation of underwriting conflicts.

The commission has also issued a blanket order to ensure that registrants affected by these provisions are treated in the same manner as they would be under the equivalent provisions in Ontario.