2227. Payment of IIROC fees

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    1. A resigning, suspended, terminated or surrendering Dealer Member must make full payment of its annual membership fees for the entire fiscal year in which its resignation, suspension, termination or surrender becomes effective, subject to the exception set out in subsection 2227(2).

    2. A resigning, suspended or terminated Dealer Member may make payment of its membership fees until the end of the fiscal quarter in which the following conditions have been met:

      1. the Dealer Member has transferred all customer accounts to another Dealer Member,

      2. the Dealer Member has no remaining Approved Persons other than shareholders, the Ultimate Designated Person, the Chief Compliance Officer and the Chief Financial Officer, and

      3. in the case of a resigning Dealer Member, the Dealer Member has provided written notice of its resignation to IIROC.

    There is no history log for this rule.

    There is no history log for this rule.