9. A securities representative is either a group savings plan representative, an investment contract representative or a scholarship plan representative who does not act for a person registered as a dealer acting as principal or as agent within the meaning of the Securities Act (chapter V‐1.1).
A group savings plan representative is a natural person who offers shares or units in mutual funds.
An investment contract representative is a natural person who offers a participation in investment contracts within the meaning of the second paragraph of section 1 of the Securities Act.
A scholarship plan representative is a natural person who offers units in scholarship plans.
1998, c. 37, s. 9; 2001, c. 38, s. 97.