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I-14.01 - Derivatives Act

Section 56
Disposition versions

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56. Every natural person carrying on business as a dealer or adviser on behalf of a person subject to registration under section 54 must be registered with the Authority as a representative of that person.
The chief compliance officer or ultimate designated person of a person registered under section 54 must be registered as such. The chief compliance officer or ultimate designated person performs the functions prescribed by regulation.
Subject to such remunerated activities as are permitted by a government regulation under this Act, the representative of a dealer may not concurrently act as a representative in a financial institution’s place of business in Québec and be employed by the financial institution.
2008, c. 24, s. 56; 2009, c. 25, s. 118.
56. Every natural person carrying on business as a dealer or adviser on behalf of a person subject to registration under section 54 must be registered with the Authority as a representative of that person.
With the exception of such remunerated activities as are permitted by a government regulation under this Act, the representative of a dealer may not concurrently carry on activities as such and hold employment with a financial institution.
2008, c. 24, s. 56.
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