46(1)The Executive Director may, for the purposes of this Part, designate as non-trading any employee or class of employees of a registered dealer that does not usually trade in securities or derivatives, and an employee so designated or of a class so designated need not register under this Act or the regulations.

46(2)The Executive Director may, for the purposes of this Part, designate as non-advising any employee or class of employees of a registered adviser that does not usually act as an adviser, and an employee so designated or of a class so designated need not register under this Act or the regulations.

46(3)The Executive Director may cancel a designation made under subsection (1) or (2) as to any employee or class of employees if the Executive Director is satisfied that any such employee or any member of such class of employees should be required to apply for registration under this Act or the regulations.

46(1)The Executive Director may, for the purposes of this Part, designate as non-trading any employee or class of employees of a registered dealer that does not usually trade in securities or exchange contracts, and an employee so designated or of a class so designated need not register under this Act or the regulations.

46(2)The Executive Director may, for the purposes of this Part, designate as non-advising any employee or class of employees of a registered adviser that does not usually act as an adviser, and an employee so designated or of a class so designated need not register under this Act or the regulations.

46(3)The Executive Director may cancel a designation made under subsection (1) or (2) as to any employee or class of employees if the Executive Director is satisfied that any such employee or any member of such class of employees should be required to apply for registration under this Act or the regulations.

46(1)The Executive Director may, for the purposes of this Part, designate as non-trading any employee or class of employees of a registered dealer that does not usually trade in securities, and an employee so designated or of a class so designated need not register as a salesperson.

46(2)The Executive Director may, for the purposes of this Part, designate as non-advising any employee or class of employees of a registered adviser that does not usually act as an adviser, and an employee so designated or of a class so designated need not register as an adviser.

46(3)The Executive Director may cancel a designation made under subsection (1) or (2) as to any employee or class of employees if the Executive Director is satisfied that any such employee or any member of such class of employees should be required to apply for registration as a salesperson or adviser, as the case may be.