Specifically designed for EMDs, Dealing Representatives and issuers of prospectus exempt securities, this one (1) day in class course provides the Exempt Market professional with an advanced understanding of the obligations and regulations dealing with Exempt Market participants and its products, including OTC derivatives.

Gain a thorough understanding of:

• Who qualifies to deal with an EMD?
• Now that the investor threshold has changed for participation, does this mean increased regulation in this market and by whom?
• What are the compliance requirements governing the Exempt or Private Capital Markets?
• What are the obligations of the participants in each category?
• Why is the outlook positive, yet the regulators concerned?
   

Instructor TBA before scheduled class.

This course will be of interest to persons who are:

• Interested in understanding the Exempt or Private Capital Markets & how it differs from other markets.
• Interested in trading Exempt products or adding exempt products to their portfolio.
• Interested in the strategies involved in this product.
• Interested in the governance and regulatory oversight of the exempt market.

 

The benefit to the student is:

• Gain a practical understanding of the composition and applications of Exempt Market products and how they are used by the savvy investor.
• Gain an understanding of the different types of Exempt products, where, how and why they are traded, and which ones are most widely traded.
• Gain a practical understanding of using Exempt portfolio strategies.
• Understand the compliance and regulatory oversight of the Exempt Market. 

No advance preparation required, however follow-up courses recommended are:

• Global Securities: Trading & Settlements
• Inside Canada’s Securities Industry
• Compliance

Day 1

Who qualifies to deal with an EMD NI 31-103 Amendments implemented in July 2015 Breakdown of NI 31-103 and EMD obligations Registration requirements Delivering financial information EMD activities Compliance obligations Dealing with Clients Conflicts of interest Suitability KYC Requirements Offering Memorandums and Subscriptions All entities allowed to issue securities without a proper prospectus and will include: Crowd Source funding Issuers EMDs Fund companies ICPMs Others Regulatory Reporting OTC Derivative Processing Requirements EXAM