Regulatory amendment: 30 days to replace a Designated Representative

Effective immediately, businesses have 30 days, extended from 14 days, to replace their Designated Representative (DR) following a resignation or death. 

The extended timeline gives businesses more time to recruit a qualified individual and apply to the AIC, supporting the continuity of their operations when unexpected changes occur. Businesses that do not designate a new DR within 30 days will have their certificate of authority automatically suspended.

For details on the replacement process, visit Licensing a business as a Designated Representative