Proposed National Instrument 31-103 Registration Requirements seeks to streamline, as well as to achieve harmonization and modernization of the Canadian registration regime. In working to implement these general concepts, the Canadian securities regulators propose to add new registration categories, as well as to introduce new activities requiring registration, while at the same time proposing to discontinue certain existing registration categories. These proposals will uniquely affect non-Canadian firms and individuals who do business in Canada.

type Investment Management Advisory - March 2007 - Proposed National Instrument 31-103: Impact on Non-Canadian Securities Market Participants