149. A natural person may not act as a dealer or adviser for the account of a person subject to registration under section 148, unless the natural person is registered as a representative of that person.
The chief compliance officer or ultimate designated person of a person registered under section 148 must be registered as such. The chief compliance officer or ultimate designated person shall perform the functions prescribed by regulation.
Subject to such remunerated business as may be carried on under a government regulation made under this Act, the representative of an investment dealer, within the meaning assigned by regulation, shall not concurrently act as a representative in a financial institution’s place of business in Québec and be employed by the financial institution, unless he is a representative specialized in mutual funds or scholarship plans.
1982, c. 48, s. 149; 1989, c. 48, s. 254; 2002, c. 45, s. 696; 2004, c. 37, s. 90; 2009, c. 25, s. 15.