Canadian regulators implement national registration system.

The Canadian Securities Administrators (CSA) have launched the National Registration System (NRS), which makes important improvements to the registration regime of individuals and firms by harmonizing and streamlining the process across all jurisdictions.

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The NRS allows an individual or firm to apply for registration in multiple jurisdictions and deal with only one regulator--the principal regulator. For their part, investors will continue to have the protection of their home regulator. The NRS hopes to improve the registration process by applying principles of mutual reliance to reduce unnecessary duplication in the analysis and review of registration applications of investment dealers, mutual fund dealers, and unrestricted advisers. Under the system, an applicant will only have to meet the "fit and proper" standards of the principal regulator. The other regulators will then normally grant registration within five days after the principal regulator.

For more information visit www.csa-acvm.ca/home.html.