{
 "node": "ca-cm-kg",
 "door": "https://mcp.ca-cm-kg.ai",
 "market": "ca",
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 "chapter": "ca.chapter.v14",
 "source": "Book of Markets mirror (allooloocmkgapex/book), read at request time",
 "kind": "book-section",
 "family": "AIO",
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 "section": {
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  "family": "AIO",
  "schema": "SM-ECO-10060 canonical text v1.0 (2026-10-30) · chapter schema v0.1 (unratified) · Appendix C",
  "schema_version": "0.1",
  "version": "ca.aio.v2",
  "supersedes": "ca.aio.v1",
  "market": "ca",
  "node": "ca-cm-kg",
  "produced_at": "2026-10-31T01:34:51Z",
  "observed": {
   "earliest_read": "2026-10-31T01:28:33Z",
   "latest_read": "2026-10-31T01:34:49Z"
  },
  "fields": [
   {
    "name": "duty_revision_ref",
    "value": "not_found",
    "read_at": "2026-10-31T01:28:33Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ],
    "conflict": {
     "values": [
      {
       "value": "NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations - Consolidated Version, As Amended 01/01/2026",
       "source_url": "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
       "quote": "As Amended - National Instrument - 01/01/2026",
       "source_date": "01/01/2026"
      }
     ],
     "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the existence of *NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations - Consolidated Version, As Amended* with an effective date of **01/01",
     "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)"
    }
   },
   {
    "name": "product_scope",
    "value": [
     {
      "scope": "all investment products whether or not they are sold under a prospectus",
      "requirement": "KYP"
     }
    ],
    "read_at": "2026-10-31T01:30:47Z",
    "pages_checked": [
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ],
    "source_url": "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
    "source_date": "September 28, 2009"
   },
   {
    "name": "client_categories",
    "value": [
     {
      "category": "permitted client (paragraph (o))",
      "criteria": "an individual who beneficially owns financial assets with an aggregate realizable value that exceeds $5 million, before taxes but net of any related liabilities"
     }
    ],
    "read_at": "2026-10-31T01:28:33Z",
    "pages_checked": [
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ],
    "source_url": "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
    "source_date": "January 1, 2026"
   },
   {
    "name": "target_market",
    "value": [
     {
      "criterion": "general investor profiles describing the type of investor for whom a product may be suitable",
      "applicability": "firms may set out; individual registrants must still determine suitability on each transaction for a client"
     }
    ],
    "read_at": "2026-10-31T01:30:47Z",
    "pages_checked": [
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
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     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ],
    "source_url": "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
    "source_date": "September 28, 2009"
   },
   {
    "name": "negative_target_market",
    "value": "not_found",
    "read_at": "2026-10-31T01:34:47Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ]
   },
   {
    "name": "distribution_conditions",
    "value": [
     {
      "distributor": "EMDs",
      "constraint": "limited to dealing with clients who are eligible to purchase securities under a prospectus exemption"
     }
    ],
    "read_at": "2026-10-31T01:30:05Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ],
    "source_url": "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
    "source_date": "January 9, 2014"
   },
   {
    "name": "required_assessments",
    "value": "not_found",
    "read_at": "2026-10-31T01:30:05Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ],
    "conflict": {
     "values": [
      {
       "value": [
        {
         "assessment": "suitability determination",
         "basis": "section 13.3 of NI 31-103",
         "applies_to": "registrant (other than a dealer member of IIROC or the MFDA)"
        }
       ],
       "source_url": "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
       "quote": "A registrant (other than a dealer member of IIROC or the MFDA, which is subject to the requirements set out in the next section) is required in section 13.3 of NI 31-103 to make a suitability determination before a registrant",
       "source_date": "January 9, 2014"
      }
     ],
     "reason": "review PARTIAL: PARTIAL\n\nThe excerpt explicitly references **section 13.3 of NI 31-103** and confirms that a **suitability determination** is required for **registrants (other than IIROC or MFDA members)** before mak",
     "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)"
    }
   },
   {
    "name": "product_documentation",
    "value": "not_found",
    "read_at": "2026-10-31T01:34:48Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103",
     "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf"
    ]
   },
   {
    "name": "manufacturer_distributor_roles",
    "value": [
     {
      "actor": "firm and individual",
      "responsibility": "The KYP requirement applies to both the firm and the individual."
     },
     {
      "actor": "firm",
      "responsibility": "have a process for reviewing and approving new products and existing products whose structure or features have significantly changed"
     },
     {
      "actor": "registered firms",
      "responsibility": "cannot recommend a product based solely on information from issuers or other third parties, including related parties, about the product's suitability or risk profile"
     },
     {
      "actor": "individual registrants",
      "responsibility": "must still determine suitability of each proposed transaction for each client; may not delegate their suitability obligations to their client, another registrant or anyone else"
     }
    ],
    "read_at": "2026-10-31T01:30:47Z",
    "pages_checked": [
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf",
     "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf",
     "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0",
     "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103"
    ],
    "source_url": "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
    "source_date": "September 28, 2009"
   },
   {
    "name": "review_triggers",
    "value": [
     {
      "event": "periodic KYC update",
      "condition": "PMs (and EMDs that have an ongoing relationship with their clients) to update KYC information at least annually and more often if there is a material change in a client's circumstances, or investment needs or objectives"
     },
     {
      "event": "SRO suitability determination triggers",
      "condition": "accepting an order from a client; recommending the purchase, sale, exchange, or holding of a security; securities received into the client's account by deposit or transfer; change in the registered representative or portfolio manager responsible for the account; material change in the client's life circumstances or objectives resulting in revisions to KYC information"
     }
    ],
    "read_at": "2026-10-31T01:30:05Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf",
     "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf",
     "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0",
     "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103"
    ],
    "source_url": "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
    "source_date": "January 9, 2014"
   },
   {
    "name": "evidence_requirements",
    "value": [
     {
      "outcome": "accredited investor status",
      "evidence": "Factual representations, such as a representation in a subscription agreement that the client is an AI, will generally not, by themselves, be sufficient for a registrant to satisfy its KYC obligation"
     },
     {
      "outcome": "permitted client waiver of KYC and suitability",
      "evidence": "the registrant must collect adequate information to determine that the client is a permitted client; not sufficient to simply rely on the client's initialling or checking off the box in the permitted client certificate/attestation form"
     },
     {
      "outcome": "KYC documentation",
      "evidence": "recommend that both the client and the registrant that reviewed the KYC information with the client sign and date the information"
     }
    ],
    "read_at": "2026-10-31T01:30:05Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf",
     "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf",
     "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0",
     "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103"
    ],
    "source_url": "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
    "source_date": "January 9, 2014"
   },
   {
    "name": "exceptions",
    "value": [
     {
      "exception": "permitted clients may waive their right to have a registrant determine that a trade is suitable (section 13.3.1)",
      "condition": "the registrant must determine that a client is a permitted client at the time the client waives their right to suitability"
     },
     {
      "exception": "registrants do not have to provide certain disclosures to permitted clients (sections 13.13 and 14.4)",
      "condition": "registrants must determine that a client is a permitted client at the time the client opens an account"
     },
     {
      "exception": "registrants do not have to provide certain disclosures or reports (sections 14.2, 14.2.1, 14.14.1, 14.14.2, 14.17 and 14.18)",
      "boundary": "to a permitted client that is not an individual"
     }
    ],
    "read_at": "2026-10-31T01:30:05Z",
    "pages_checked": [
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     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf",
     "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf",
     "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0",
     "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103"
    ],
    "source_url": "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
    "source_date": "June 6, 2022"
   },
   {
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    "value": "not_found",
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     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
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     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf",
     "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf",
     "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0",
     "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103"
    ]
   },
   {
    "name": "sources",
    "value": "not_found",
    "read_at": "2026-10-31T01:28:33Z",
    "pages_checked": [
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and",
     "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants",
     "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf",
     "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do",
     "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
     "https://www.osc.ca/sites/default/files/2020-09/ni_20180604_31-103cp_unofficial-consolidation.pdf",
     "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf",
     "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0",
     "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103"
    ],
    "conflict": {
     "values": [
      {
       "value": [
        {
         "document": "31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations - Consolidated Version",
         "type": "National Instrument",
         "status": "As Amended",
         "date": "01/01/2026"
        },
        {
         "document": "31-103CP Companion Policy to NI 31-103 - Consolidated Version",
         "type": "Companion Policy",
         "status": "As Changed",
         "date": "01/01/2026"
        }
       ],
       "source_url": "https://www.asc.ca/securities-law-and-policy/regulatory-instruments/31-103",
       "quote": "Registration Requirements, Exemptions and Ongoing Registrant Obligations - Consolidated Version",
       "source_date": "01/01/2026"
      }
     ],
     "reason": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the existence of **NI 31-103** and its **Companion Policy (31-103CP)** with the correct titles and types, but the **dates (01/01/2026)** are not explicitly verified in th",
     "selection_rule": "none — unresolved (BOOK-02 records, does not resolve)"
    }
   }
  ],
  "reading": {
   "run": "reads/BOOK02-20261031",
   "order": "BOOK-02 (2026-10-30)",
   "read_at": "2026-10-31T01:33:44Z",
   "engines": {
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    "review": "mistral-large-latest (review-only)"
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   "pages": {
    "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and": {
     "status": 200,
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     "last_modified": "Sat, 31 Oct 2026 01:33:53 GMT"
    },
    "https://docs.mbsecurities.ca/msc/notices/en/102639/1/document.do": {
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     "read_at": "2026-10-31T01:30:47Z",
     "last_modified": null
    },
    "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-336/csa-staff-notice-31-336-guidance-portfolio-managers-exempt-market-dealers-and-other-registrants": {
     "status": 200,
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     "last_modified": "Sat, 31 Oct 2026 01:30:05 GMT"
    },
    "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103": {
     "status": 200,
     "sha256": "sha256:a39b4efd6d9fce3c3cea78758149fab54507df2d91efb3ef00df7c0555bcb9c7",
     "read_at": "2026-10-31T01:28:33Z",
     "last_modified": "Fri, 30 Oct 2026 20:06:27 GMT"
    },
    "https://fcnb.ca/sites/default/files/2026-01/31-103-CONS-CP-2026-01-01_0.pdf": {
     "status": 200,
     "sha256": "sha256:b3897e475636412079f8409ef1302acad0cf5cfa3a98067db39662c04b8971fc",
     "read_at": "2026-10-31T01:28:33Z",
     "last_modified": "Mon, 05 Jan 2026 15:25:34 GMT"
    },
    "https://www.osc.ca/sites/default/files/pdfs/irps/ni_20171204_31-103_unofficial-consolidation.pdf": {
     "status": 200,
     "sha256": "sha256:36bfad61dd52dc5e21e9595012b32b7d8b190246eb072975fed4a52a0a81db28",
     "read_at": "2026-10-31T01:30:05Z",
     "last_modified": "Tue, 30 Jun 2020 01:09:40 GMT"
    },
    "https://fcnb.ca/sites/default/files/2024-12/31-103-CP-CONS-2022-06-06-E.pdf": {
     "status": 200,
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     "last_modified": "Tue, 10 Dec 2024 19:38:23 GMT"
    },
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     "last_modified": null
    },
    "https://www.osc.ca/en/securities-law/instruments-rules-policies/3/31-103/unofficial-consolidation-companion-policy-31-103cp-registration-requirements-exemptions-and-1": {
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     "last_modified": "Sat, 31 Oct 2026 00:51:12 GMT"
    },
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     "last_modified": "Tue, 15 Sep 2020 14:18:48 GMT"
    },
    "https://nssc.novascotia.ca/sites/default/files/docs/rule31-103.pdf": {
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     "read_at": "2026-10-31T01:34:18Z",
     "last_modified": "Tue, 29 Sep 2026 11:29:27 GMT"
    },
    "https://www.ciro.ca/newsroom/publications/joint-canadian-securities-administrators-canadian-investment-regulatory-organization-staff-notice-31-0": {
     "status": 403,
     "sha256": "sha256:e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855",
     "read_at": "2026-10-31T01:34:18Z",
     "last_modified": null
    },
    "https://www.ciro.ca/newsroom/publications/client-focused-reforms-publication-final-amendments-national-instrument-31-103": {
     "status": 403,
     "sha256": "sha256:e3b0c44298fc1c149afbf4c8996fb92427ae41e4649b934ca495991b7852b855",
     "read_at": "2026-10-31T01:34:18Z",
     "last_modified": null
    }
   },
   "counts": {
    "filled": 8,
    "not_found": 3,
    "conflict": 3,
    "inferred": 0,
    "kept_seed": 0,
    "replaced_seed": 0
   },
   "notes": {
    "duty_revision_ref": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the existence of *NI 31-103 Registration Requirements, Exemptions and Ongoing Registrant Obligations - Consolidated Version, As Amended* with an effective date of **01/01",
    "product_scope": "verified · date on-page",
    "client_categories": "verified · date on-page (reader)",
    "target_market": "verified · date on-page",
    "negative_target_market": "not stated on the pages read",
    "distribution_conditions": "verified · date on-page (reader)",
    "required_assessments": "review PARTIAL: PARTIAL\n\nThe excerpt explicitly references **section 13.3 of NI 31-103** and confirms that a **suitability determination** is required for **registrants (other than IIROC or MFDA members)** before mak",
    "product_documentation": "not stated on the pages read",
    "manufacturer_distributor_roles": "verified · date on-page",
    "review_triggers": "verified · date on-page (reader)",
    "evidence_requirements": "verified · date on-page (reader)",
    "exceptions": "verified · date on-page (reader)",
    "orderability_profile_ref": "not stated on the pages read",
    "sources": "review PARTIAL: PARTIAL\n\nThe excerpt confirms the existence of **NI 31-103** and its **Companion Policy (31-103CP)** with the correct titles and types, but the **dates (01/01/2026)** are not explicitly verified in th"
   }
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