Firms must register with the NSSC if they conduct any of the following activities in Nova Scotia:
- are in the business of trading in, or advising on, securities.
- act as an investment fund manager
- conduct trading activities involving commodity futures contracts or commodity futures options.
Individuals must register if they:
- trade, advise or underwrite on behalf of a registered dealer or adviser
- act as the ultimate designated person or chief compliance officer of a registered firm.
- Proficiency Requirements for Registration
- Investment Fund Manager Requirements
Exemptions from the requirement to register are available to firms and individuals in certain circumstances. For more information, see Part 8 of National Instrument 31-103.
Self-Regulatory Organizations (SROs)
- Investment dealers and mutual fund dealers
- A firm registered as an investment dealer or a mutual fund dealer is generally required to be a member of a self-regulatory organization (SRO).
- A firm registered as an investment dealer must generally become a member of the Investment Industry Regulatory organization of Canada (IIROC)
- A firm registered as a mutual fund dealer must generally become a member of the Mutual Fund Dealers Association of Canada (MFDA). The NSSC reviews the registration of firms registered as mutual fund dealers and their dealing representatives.
Frequently Asked Questions and Other Information
To assist registration participants in understanding and applying for registration, the Nova Scotia Securities Commission staff has compiled this summary of questions and NSSC staff responses.
This document is currently being edited and will be reposted soon. (November 1, 2019)
- How to become registered
- Frequent Forms
- Firm Application Registration Guidance
- Legislation and Policy
- Educational Resources