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What is a restricted dealer?

August 4, 2010


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The Canadian Securities Administrators ("CSA"), created registration requirements (“NI 31-103” or the “Instrument”), designed to nationally harmonize and streamline the registration regime for firms and individuals who "trade" in a security.

A Restricted Dealer is a category of registration that can apply to an individual person or company which carries on the business of dealing in securities but whose conditions of registration limit it to dealing in a specified security or class of security.

Furthermore, a restricted dealer is limited to dealing activities that do not fall within the other firm categories (i.e. dealers that trade only in specified securities or class of securities such as real estate).

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