Becoming a Dual-Registered Firm

3. Submit a fully completed Dual-Registration Questionnaire (PDF) and the required supporting materials to CIRO.

Once the Member is ready to apply for dual-registration, contact [email protected] to receive a ShareFile link and instructions for uploading the application package. Incomplete applications or applications with material deficiencies will not be accepted for review.

Applicants can avoid unnecessary delays in the review and processing of their dual-registration application by:

• ensuring all sections of the Dual-Registration Questionnaire (PDF) are completed in full; and
• including all supporting forms and documents with the Dual-Registration Questionnaire (refer to the Documentation Checklist (PDF)).

Once CIRO staff have determined the submission to be substantially complete, CIRO will provide a written confirmation to the Member that the application has been accepted for review.

4. Update the firm’s registration information with the securities regulatory authority in the applicable jurisdictions.

Becoming dual-registered is a two-pronged process. The Member must:

• apply to become a dual-registered firm with CIRO; and
• update its registration (e.g., add mutual fund dealer registration or investment dealer registration) with the applicable securities regulatory authority of the Canadian Securities Administrators (CSA), in each jurisdiction that the Member operates.

Information on how to apply for dual-registration with the CSA can be found in the CSA Dual Registered Firm Guide (PDF).

If the Member’s head office is in a jurisdiction where the CSA member has delegated the firm registration function to CIRO, the Member must include the relevant changes to the Form 33-109F6 Registration Information when submitting their Dual-Registration Questionnaire to CIRO.

Members must submit their completed Form 33-109F5 (PDF) and a blacklined Form 33-109F6 (PDF) with their completed Dual-Registration Questionnaire to CIRO. CIRO will review the revised Form 33-109F6 in parallel with the Member’s Dual-Registration Questionnaire. Refer to Delegation of additional registration functions to CIRO for more information regarding delegation of firm registration.

5. Pay Fee

Once CIRO accepts the application for review, the Member must pay the applicable fee. For Investment Dealers, becoming dual-registered constitutes a material business change, which requires a fee of $5,000. Mutual Fund Dealers applying to become dual-registered must pay a fee of $20,000, which is the difference in the entrance fee for Mutual Fund Dealers and Investment Dealers. Refer to the Bulletin 25-0017 – Integrated Fee Model for further information on fees.