2226. Effective date of resignation

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    1. Resignation of a Dealer Member is effective on the date following the day on which the following conditions have all been satisfied:

      1. IIROC has received the documents required to support the resignation, 

      2. IIROC has received payment of any amount owed to IIROC

      3. IIROC has confirmed that no complaints or disciplinary actions are outstanding that IIROC, in its sole discretion, determines must be resolved prior to permitting the Dealer Member to resign, and

      4. the Board has approved the Dealer Member’s resignation.

    2. Notwithstanding the above, and without limiting the discretion that the Board may have to exempt a Dealer Member from any IIROC requirement, where circumstances warrant, the Board may exercise discretion to postpone the effective date of a Dealer Member’s resignation.  
    3. IIROC will issue a notice within one week of the effective date of a Dealer Member’s resignation advising of the effective date of the Dealer Member’s resignation.


     

    There is no history log for this rule.

    There is no history log for this rule.