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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:
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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
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pro forma financial statements of the acquiring Dealer Member showing compliance with IIROC requirements relating to capital requirements.
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There is no history log for this rule.
There is no history log for this rule.