Changes to registration

Once they are registered, firms and individuals:

• may add or remove categories of registration
• may add or remove jurisdictions
• must keep their registration information up to date and notify the OSC of any changes, a requirement that also applies to permitted individuals
• may voluntarily surrender their registration

In addition, individuals may transfer their registration to another firm.

Additional steps may be required for individuals associated with a firm that is both an investment dealer and mutual fund dealer. If you have any questions or are interested in applying for registration as a dual registered firm, please contact your principal regulator and CIRO.

The OSC may impose changes on a registration at the time of registration or at any time after registration. These include:

• imposing terms and conditions
• suspending a registration upon concern about a firm’s or individual’s fitness for registration
• amending a registration

Before the OSC imposes any of these changes on a registration, OSC staff will send the firm or individual a letter, with a copy to the sponsoring firm if applicable, providing written notice of its recommendation and brief reasons for it. This is referred to as a Letter of Brief Reasons. Section 31 of Ontario’s Securities Act and Section 23(3) of Ontario’s Commodity Futures Act then gives the individual or firm an opportunity to be heard by the OSC Director before a decision is made concerning staff’s recommendation.

Firms and individuals whose registration has been suspended may apply to have their registration reinstated.

For more information, please refer to our registration rules.