The National Registration Database is a web-based system that will permit dealers and advisers to file registration forms electronically. It has been designed, in consultation with industry representatives, to harmonize and improve the registration process across most of the jurisdictions of Canada.
Generally, an individual or company whose business is trading, underwriting or advising with respect to securities is required to register annually with one or more provincial securities regulators. The registration process is designed to protect the investing public by striving to ensure that only qualified and reputable individuals and firms are licensed.
The NRD is an initiative of the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC). The CSA is comprised of the securities regulators of each province and territory. Every CSA member is participating in this project.