The FAQs are divided into five categories. To view the answer to a particular question, first click on the heading above that question (e.g. General Questions), and when a new page opens, click on the specific question.

General Questions

• How long will it take regulators to approve NRD applications?
• Who will pay for NRD?
• What kind of user support will be available?
• To whom can I address my comments about NRD?
• What is the New Self-Regulatory Organization of Canada?

Regulatory Requirements

• Is use of NRD mandatory?
• Are we required to submit supporting documentation to all the jurisdictions in which an individual is applying for registration?
• Do we need to complete Form 33-109F4 for non-registered individuals?
• Do I have to keep a paper copy of my registration form?
• For those registration processes that remain paper-based (such as firm registrations or submission of supporting documents), will we need to continue to submit information separately to each jurisdiction?

Fee Payment

• Our accounting department prefers to use the same bank account for NRD fees that is in place for SEDAR. Do we need a dedicated NRD account?
• Our firm has concerns about giving a third party the ability to debit our account as they see fit. Are there any other options?
• Is the “Submission Fee Summary” screen presented to the individual or the AFR?
• Will foreign firms having difficulty setting up bank accounts be exempt from using the EFT function on NRD?

Access to NRD

• Who will have access to the information submitted to NRD?
• What is an AFR?
• As an individual registrant, what do I need to know about NRD?
• Can members of the public use NRD to find out information about their dealers?
• What happens if the system goes down? How do I register?
• What are you doing about security? Will NRD be vulnerable to hackers?

System Functionality

• Can I submit a registration application to every jurisdiction at once on NRD?
• How will I know that submission has been accepted by the system?
• What happens when I’ve entered information but then I have to log off the system before I’ve completed the submission?
• What kind of reports can a firm get from NRD?
• How will the information on individuals currently registered be input into NRD?
• When is an individual registrant’s NRD number generated? Who receives the individual’s user ID and password?
• Can an AFR print copies of the Registration Information for an individual?