With Rebecca Cowdery, Marsha Gerhart
In mid-June 2012, the Canadian Securities Administrators (the CSA) released for comment a revised version of proposed amendments to National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (NI 31-103), as well as to its Companion Policy that, when finalized, will require additional disclosure by registered firms in Canada to their clients.