On February 29, 2008, the Canadian securities administrators (CSA) released for a second comment period proposed National Instrument 31-103 Registration Requirements, along with a companion policy and for the first time, draft consequential amendments to, and proposed revocations of, over 20 other instruments. The most significant proposed amendments are to National Instrument 45-106 Prospectus and Registration Exemptions, National Instrument 33-109 Registration Information and National Instrument 31-102 National Registration Database and their related companion policies. This massive regulatory reform package is the CSA's response to the over 260 comment letters received after the first publication of the CSA proposals in February 2007, as well as the CSA's continued analysis of the implications of its proposed registration regime on existing securities regulation.

type Investment Management Advisory - March 2008 - Canadian Securities Regulators Release Second Version of Comprehensive Registration Regime For Comment