The Canadian Securities Administrators today outlined the requirements for exempt market dealers under the new national registration regime.

CSA Staff Notice 31-312 summarizes the key proficiency, financial and operational requirements and transition process for the new EMD registration category under National Instrument 31-103 Registration Requirements and Exemptions, which was published on July 17. It also summarizes the conditions for exemptive relief available in Alberta, British Columbia, Manitoba and the Territories.

NI 31-103 and related rules apply to firms and individuals who deal in securities, provide investment advice or manage investment funds, the CSA said in a release. NI 31-103 and related rules and amendments will come into force on September 28, 2009.

The Notice and NI 31-103 are available on various CSA members’ websites.

The CSA, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets.