Registration

Question 1

Why AND how reform registration ?

Answer 1

1. Harmonization
2. Simplification
3. Modernization

to reduce costs, and be more efficient.

We do so with the 31-103. IIROC needs to respect at least 31-103.

Question 2

What are the firm level categories ?

Answer 2

1. Investment dealer (all IIROC members) = Desjardins Securities
2. Mutual fund dealer
3. Restricted dealer
4. Portofolio manager (advisor) = B2B only
5. Investment fund manager (create and manage mutual funds)

Question 3

What are the 2 types of Investment dealers ?

Answer 3

1. Introducing broker = Develops and maintains the relationship with the client
2. Carrying broker = executif, clearing and settelement. Maintenance of books and records.

Question 4

What are the other categories of IIROC ?

Answer 4

• Trader (enters trading exchange systems)
• Executives
• Ultimate designated person
• Chief compliance officer
• Chief financial officer
• Supervisor