The National Registration Database
(NRD) will be launched on March 31, 2003. There are a number of
issues that registrants need to be aware of in connection with the
launch. They are:
Enrolment for Firms
In order to be registered to use NRD before March 31, a firm
must complete enrolment forms and send them so that CDS receives
them no later than February 7, 2003. You can find the forms on the
NRD information web site at http://www.nrd-info.ca/en/forms.htm.
You must complete the following three forms:
- Firm Filer
- Chief Authorized Firm Representative (AFR)
- Account Holder Authorization for Pre-Authorized Debit
Information about NRD fees is also on the NRD web site at http://www.nrd-info.ca/en/fees.htm.
Firms will continue to register by applying directly to
securities regulators as they do now. They will also have to enrol
on NRD. When a new firm applies to a regulator for registration,
it will have to provide proof of enrolment on NRD.
Freeze Period
On March 6, 2003, we will freeze our existing database so that
we can extract data and send it to the NRD.
We currently have a backlog of registration applications.
Therefore, if you send in an application for individual
registration after February 5, it will not likely be processed by
March 6, and therefore will not be uploaded to NRD.
Applications received after March 6, 2003 will definitely not
be uploaded to NRD.
All applications not processed by March 6 will have to be
re-filed on NRD beginning March 31, 2003. Therefore, we
strongly recommend that you do not submit any applications to us
between February 5 and March 31, 2003.
New Application Form
The Form 4 application for registration of an individual will
be replaced with Form 33-109F4. You can find the new form on our
web site at http://www.sfsc.gov.sk.ca/ssc/registrationforms.shtml
After February 21, 2003 the NRD rules require you to use Form
33-109F4 when you apply for individual registration. Any
applications not processed by March 6 will have to be re-filed on
NRD using the new form. Therefore, we strongly recommend you
begin using the new form immediately to avoid having to complete
it again once the NRD is launched.
January 30, 2003
Contact:
Leah Fichter
Deputy Director, Registration
(306) 787-5876
lfichter@sfsc.gov.sk.ca
