Latest news with #NationalRegistrationDatabase
Cision Canada
10-07-2025
- Business
- Cision Canada
CSA announces final amendments to Multilateral Instrument 13-102 System Fees Français
TORONTO, July 10, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today published in final form amendments to Multilateral Instrument 13-102 System Fees (MI 13-102). The CSA is increasing system fees for SEDAR+ and the National Registration Database (NRD) over a five-year period starting on November 28, 2025. These system fee increases are necessary to ensure sufficient funding to operate the CSA's national systems over those five years. Under the amendments the total dollar amount of system fees collected by the CSA will increase and no new system fees will be introduced. To maintain a fair and transparent cost recovery approach, the CSA uses a flat per-filing system fee model, where fees increase proportionally based on system use. The CSA published proposed amendments on November 21, 2024, and outlined changes that would better align system fee revenues with projected national systems operating costs. After carefully considering the comments received, the CSA has not made any substantive revisions to the materials that were published for comment. However, since amendments to introduce an expedited shelf prospectus regime for well-known seasoned issuers (WKSIs) are scheduled to come into force at the same time as the MI 13-102 amendments, the WKSI-related system fees have been added to the MI 13-102 amendments. Provided all required approvals are obtained, the amendments will come into force on November 28, 2025, in all participating CSA jurisdictions. The CSA, the council of the securities regulators of Canada's provinces and territories, coordinates and harmonizes regulation for the Canadian capital markets. For investor inquiries, please contact your local securities regulator. For media inquiries, please contact: SOURCE Canadian Securities Administrators
Yahoo
12-02-2025
- Business
- Yahoo
RegEd Expands its Xchange Solution to Support Canadian Insurance Licensing and Securities Registration Requirements
Partnership with a Fortune 500 Wealth Management Firm Drives the Advancement of the Industry-Leading Licensing & Registration Solution to Support Firms Operating in Both the US and Canada Raleigh, NC, Feb. 12, 2025 (GLOBE NEWSWIRE) -- RegEd, the leading provider of regulatory compliance and credentialing solutions for the financial services industry, today announced the expansion of its Xchange Producer Management platform to support insurance licensing and securities registration in Canada. This expansion enables financial services firms to harmonize their US and Canadian licensing and registration processes, leveraging Xchange's advanced automation to improve efficiency, enhance compliance, and accelerate time-to-market for financial professionals operating across both regions. The move comes as part of a new agreement with one of the largest wealth management firms in the US, who will partner with RegEd to launch the new capabilities. As financial services firms continue to focus on digital transformation, many are seeking to modernize outdated licensing and registration systems. U.S.-based firms with operations in Canada, in particular, require a single, unified platform to support licensing and registration processes in both countries. The expansion of Xchange enables these firms to streamline operational workflows, reduce administrative overhead, and ensure compliance across multiple jurisdictions. 'As firms look to replace aging licensing and registration systems, they need a solution that can support their entire North American footprint,' said Frank Brienzi, CEO of RegEd. 'With Xchange's expansion into Canada, we are meeting that need—offering a comprehensive, automated solution that simplifies compliance for firms operating in both the U.S. and Canada.' How Xchange Will Deliver More Value for Firms Who Operate in Canada Seamless U.S.-Canada Integration – Extends Xchange's advanced automation capabilities to Canadian licensing and registration processes, enabling firms to manage both U.S. and Canadian compliance in a single system. Integration with the National Registration Database (NRD) – Synchronizes registration data in real time and enables electronic filings for Canadian securities registrants. Localization Capabilities – Provides support for both English and French-language interfaces and documentation, ensuring a seamless experience for Canadian users in their preferred language. By investing in localization capabilities and NRD integration, RegEd is reinforcing its commitment to delivering best-in-class compliance technology to global financial services firms. 'Xchange has long been the industry's most trusted licensing and registration solution in the U.S.,' said Ethan Floyd, Chief Product Officer of RegEd. 'Now, we're bringing that same automation, efficiency, and compliance-driven innovation to the Canadian market, helping firms retire legacy systems and unify their licensing and registration functions.'About RegEd RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients, including 80% of the top 25 financial services firms. Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk. Trusted by the nation's top financial services firms, RegEd's proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients. For more information, please visit CONTACT: Eric Clements in to access your portfolio
