37. (1) No individual shall be granted registration as a salesperson, partner or officer of a registered futures commission merchant unless the individual has successfully completed, (a) Parts I and II of the Canadian Futures Examination; or (b) such course or courses as may be required by the self-regulatory body recognized under section 15 of the Act or commodity futures exchange registered under section 19 of the Act of which the futures commission merchant is a member.  O. Reg. 321/98, s. 17 (1). (2) No individual shall be granted registration as a commodity trading adviser or as a partner or officer of a registered commodity trading adviser unless the individual has successfully completed the National Commodity Futures Examination and the Canadian Commodity Futures Examination and has been employed performing research in the analysis area of the commodity futures industry for at least two years.  R.R.O. 1990, Reg. 90, s. 37 (2). (3) No individual shall be granted registration as a commodity trading counsel or as a partner or officer of a registered commodity trading counsel unless the individual has successfully completed the National Commodity Futures Examination and the Canadian Commodity Futures Examination and has been employed performing research in the analysis area of the commodity futures industry for at least three years.  R.R.O. 1990, Reg. 90, s. 37 (3). (4) No person, other than an individual, or company shall be granted registration as a partner of a registered commodity trading adviser unless an individual employed by the person or company and responsible for discharging the obligations of the person or company as a partner of the adviser has successfully completed the National Commodity Futures Examination and the Canadian Commodity Futures Examination and has been employed performing research in the analysis area of the commodity futures industry for at least two years.  R.R.O. 1990, Reg. 90, s. 37 (4). (5) No person, other than an individual, or company shall be granted registration as a partner of a registered commodity trading counsel unless an individual employed by the person or company and responsible for discharging the obligations of the person or company as a partner of the adviser has successfully completed the National Commodity Futures Examination and the Canadian Commodity Futures Examination and has been employed performing research in the analysis area of the commodity futures industry for at least three years.  R.R.O. 1990, Reg. 90, s. 37 (5). (6) No person, other than an individual, or company shall be granted registration as a partner of a registered futures commission merchant unless an individual employed by the person or company and responsible for discharging the obligations of the person or company as a partner of the futures commission merchant has successfully completed, (a) Parts I and II of the Canadian Futures Examination; or (b) such course or courses as may be required by the self-regulatory body recognized under section 15 of the Act or commodity futures exchange registered under section 19 of the Act of which the futures commission merchant is a member.  O. Reg. 321/98, s. 17 (2). (7) The Director may exempt, subject to such terms and conditions as the Director may impose, a person or company from the requirements of this section where in the Director’s opinion the person or an individual employed by the person or company and responsible for discharging the obligations of the person or company as registrant has the educational qualifications and experience that are equivalent to those required under this section and it would not be prejudicial to the public interest to do so.  R.R.O. 1990, Reg. 90, s. 37 (7).