National Registration Database - NRD

DEFINITION of 'National Registration Database - NRD'

A Canadian database, launched in 2003 to replace the old paper form system, that allows security dealers and investment advisors to file registration forms electronically.

BREAKING DOWN 'National Registration Database - NRD'

The NRD is simply a system used to increase the efficiency of the filing and sharing of information between provincial security regulators. Examples of items that need to be filed include a change in the information of a member firm and the termination of an investment advisor.