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ANSWERS TRUE. (B). (C). FALSE. (C). YOUR RANKING? FALSE. n One or fewer correct: Might be time to brush up. n Two or three correct: Not bad, but could do better. n Four or five correct: Very well done, but not perfect. n Six correct: Impressive. Visit us online! lawtimesnews.com canadianlawyermag.com Fresh content delivered weekly. Canadian Lawyer | Law Times | 4Students | In 14 • OCTOBER 2009 HouseAd-Online - page 7.indd 1 INHOUSE nHouse 9/2/09 11:52:02 AM 4. Of 3. 3 The 2. 1. Minimum friends, , Family fering previous Instrument Accredited investment draft of jurisdictions. The only prospectus exemptions in National requirements a person 2 and memorandum (section may 45-106 investor that amount N1-31-03 (section tions from exemption The that of can rights the is more exempt dealer be fering restrictive market business 2.3) be of 2.9) published $150,000 for associates relied registration on relied on exemption are: in than under not is the past. the one of (section (section comment 2.5) 2.10) will be able to continue business as usual and remain unregistered, there are new obligations on them and the order the commission. form); provide They b) While prescribed of obligations risks must the a) They many registration New holding d) Not Not c) must dealing a file and with an exemption, information participants risk an specifically: on imposed also access have providing disclosure report person with exempt to in the these the to in exemp these exempting - firm. met b) Not Not a) person trades in securities pursuant to certain prospectus erritory have issued an order exempting exemptions otherwise persons and the Y However dealers and province (previously British . territory providing National in otherwise or suitability from Exempt Columbia, , registered registered; financial dealer applied market in exists rules ukon T there the using advice Instrument Manitoba, passport in the Ontario the the leading those or services to purchaser's person firm jurisdictions relying securities be became in not exempt be available order ef firms to meet their required proficiency requirements. For registrants will cally be 6 moved market fective for and those the a Previously and 12-month on into proficiency individuals Sept. 28, registered requirements. not UDP The dealers transition that 2009, to Newfoundland the dealer The do exempt and are period registered new requirements be the market Labrador for limited registered period rules the transition will after with to the have will or have adviser specific firm person dealer have market individuals and Ontario at automati category dealers been in those there - registration 45-106 to the the Northwest addressing (in the assets. on purchaser; this provided trade; each every is operating limited one the significant in system and multiple requirement they T any exception. when are: 4 5 be registration only 1 The exempt market dealer category of registration Newfoundland territory in market and erritories, province may Alberta, Nunavut, the are the in dealer The jurisdictions category or Labrador). dealer the under new and or hold expected final is required in 2008 insurance have to $50,000. would version meet the of the minimum requirements. exempt to access have relieved client capital and capital designated should education rule That and position the all assets from for insurance an be as or its the exempt market CEO. experience of UDP exempt requirements. market has dealers been market minimum did that reversed dealers capital not