Exempt Market Dealer (EMD)

    EMD Services provided by Cooper Pacific Financial Services

    What is an Exempt Market Dealer?

    Exempt Market Dealers are exempt market securities dealers registered under provincial securities legislation in one or more jurisdictions in Canada. The regulatory framework for EMDs is set out in National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations which applies in every jurisdiction across Canada.

    In 2009, the Canadian Securities Administrator enacted National Instrument 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations (“NI 31-103”), creating an investment dealer category called an Exempt Market Dealer (EMD), which would be allowed to trade in prospectus-exempt securities. Under NI 31-103, an EMD must be registered in the province or provinces where they perform dealing activities. Further, NI 31-103 set out fundamental obligations registrants must adhere to including know their investments (often shortened to KYP – Know Your Product), know their clients (KYC – Know Your Clients), suitability and maintain appropriate industry knowledge and proficiencies. These fundamental obligations of registrants include the activities of the EMD and the EMD’s Dealing Representatives.

    For Cooper Pacific Financial Services, we are registered in Alberta and British Columbia as an Exempt Market Dealer and all of our Dealing Representatives are accordingly registered in their respective jurisdictions.

      

    More information on EMDs and their regulatory obligations can be found at your local Securities Regulatory Authority, the National Exempt Market Association, or the Private Capital Market Association of Canada. Whether you’re investing in public stocks, mutual funds or private capital, you have rights as an investor.

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    This is not a solicitation to purchase securities, which is being made under an Offering Memorandum that details risks and is available from our offices.  Mortgage investments are not guaranteed. Returns fluctuate and past performance may not be repeated.