Section 3 BEFORE re-enacted by BC Reg 226/2009, effective September 28, 2009.
Application
3 For registration in a category listed below, or renewal of, reinstatement of or amendment to registration in a category listed below, the applicant must apply to the Investment Industry Regulatory Organization of Canada as
(a) an investment dealer,
(b) a trading partner, director or officer of an investment dealer,
(c) a salesperson of an investment dealer, or
(d) an underwriter that is a member of the Investment Industry Regulatory Organization of Canada.
Section 4 (1) BEFORE amended by BC Reg 226/2009, effective September 28, 2009.
(1) On application by an applicant that is a member of the Investment Industry Regulatory Organization of Canada and on payment of the prescribed fee the Investment Industry Regulatory Organization of Canada may,
(a) subject to subsection (2), register an investment dealer, underwriter or trading partner, director or officer or salesperson of an investment dealer if the Investment Industry Regulatory Organization of Canada considers the applicant to be suitable for registration in the capacity applied for,
(b) subject to subsection (3) refuse to grant or renew a registration referred to in paragraph (a) if the Investment Industry Regulatory Organization of Canada considers the applicant to be unsuitable for registration,
(c) renew, reinstate or amend a registration referred to in paragraph (a), and
(d) subject to subsection (3), restrict a registration under paragraph (a) or renewal, reinstatement or amendment of registration under paragraph (c), by imposing conditions on the registration, including but not limited to conditions restricting
(i) the duration of registration, and
(ii) the registration to trades in specified securities or exchange contracts or to a specified class of securities or class of exchange contracts.
Section 5 BEFORE repealed by BC Reg 226/2009, effective September 28, 2009.
Powers under section 35 (2) of the Act
5 (1) The Investment Industry Regulatory Organization of Canada may refuse registration, pursuant to section 35 (2) of the Act, if an applicant or partner, director or officer of an applicant is not a resident of British Columbia on the date of application, unless, at the time of application, the applicant or the applicant's partner, director or officer
(a) is registered in a capacity corresponding to that of a dealer, underwriter, adviser, trading partner, director or officer or salesperson under the law of the jurisdiction respecting trading in securities in which the applicant or the applicant's partner, director or officer or salesperson last resided, and
(b) has been so registered for at least one year immediately before the date of application.
(2) The Investment Industry Regulatory Organization of Canada must not refuse to grant, renew, reinstate or amend a registration without giving the applicant an opportunity to be heard.
Section 7 (b), (d), (e) and (f) BEFORE amended by BC Reg 226/2009, effective September 28, 2009.
(b) an underwriter submitting information about a permitted individual;
(d) a trading partner, director or officer of an investment dealer;
(e) a salesperson of an investment dealer; or
(f) an underwriter that is a member of the Investment Industry Regulatory Organization of Canada.