2224. Amalgamation of Dealer Members

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    1. If two or more Dealer Members are amalgamated, the Dealer Members not continuing due to the amalgamation must surrender their membership.  The continuing Dealer Member must provide IIROC with:

      1. an undertaking that it accepts responsibility for all liabilities of the Dealer Members that are amalgamating, and

      2. pro forma financial statements of the continuing 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.