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 required to be a member of a self-regulatory organization (SRO).
Prior to January 1, 2023, a firm registered as an investment dealer was required to be a member of the Investment Industry Regulatory organization of Canada (IIROC), and a firm registered as a mutual fund dealer was required to be a member of the Mutual Fund Dealers Association of Canada (MFDA).
Effective January 1, 2023, IIROC and the MFDA amalgamated to become the New Self-Regulatory Organization of Canada (New SRO), and all existing IIROC and MFDA members became members of New SRO. Going forward, all firms registered as investment dealers or mutual fund dealers are required to be a member of New SRO.
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 answers of frequently asked questions around registration.
- How to become registered
- Frequent Forms
- Firm Application Registration Guidance
- Legislation and Policy
- Educational Resources