2223. Acquisition and resignation

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    1. If all or a substantial part of the business and assets of a resigning Dealer Member is acquired by another Dealer Member, the resigning Dealer Member must provide IIROC with:

      1. either, an undertaking from the acquiring Dealer Member accepting responsibility for all outstanding liabilities of the resigning Dealer Member, or the documents required under section 2222, and

      2. pro forma financial statements of the acquiring Dealer Member showing compliance with IIROC requirements relating to capital requirements.

    There is no history log for this rule.

    There is no history log for this rule.