In order for individuals to be registered, they must first be sponsored by a firm that is registered with the NSSC. The steps below outline the initial registration steps:
A cover letter that explains that the firm is seeking registration in NS and/or other jurisdictions.
Completed Form 33-109F6 – Firm Registration. The form is included in National Instrument 33-109 – Registration Information (NI 33-109).
Supporting documentation for the form:
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Schedule A – Contact information for notice of collection and use of personal information
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Schedule B – Submission to jurisdiction and the appointment of an agent for service for each jurisdiction where the firm is seeking registration
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Schedule C – Form 31-103F1 Calculation of excess working capital
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Proof of registration as a corporation or partnership in all the jurisdictions in which the firm applied for registration
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Detailed business plan (question 3.3)
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Policies and procedures manual including client agreements (question 3.3)
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Constating documents (question 3.7)
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Organizational chart (question 3.11) including detailed information about whether the firm has direct or indirect interest in another registrant and the nature of the interest
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Ownership chart (question 3.12)
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Most recent audited financial statements as required in question 5.13
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Proof of bonding and insurance, including director’s resolution approving insurance (question 5.7). The bonding and insurance coverage must cover each jurisdiction in which the firm is seeking registration. The coverage requirement is set out in Part 12 of National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations.
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Letter of direction to auditors (question 5.14)
For registration as a mutual fund dealer or investment dealer, proof of membership with the Canadian Investment Regulatory Organization (CIRO) is required.
The firm must enroll with National Registration Database (NRD) as part of the initial registration process.
NRD user fee information and payment method and the regulatory fee is outlined in each jurisdiction’s fee rule. For initial firm application, the firm may opt to pay regulatory fees by cheque or through NRD once the firm enrollment is completed.
The application and your questions can be sent by email to NSSC-capital-markets@novascotia.ca
or mail to:
Nova Scotia Securities Commission
5251 Duke Street, Suite 400 PO Box 458
Halifax, NS B3J 2P8