2401. Introduction

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    1. In order to manage back office expenses, Dealer Members may enter into arrangements that involve back office service sharing with another organization. Services shared may include any combination of: trade execution, trade clearing and settlement, trade financing, trade related cash and security custody and trade related books and records. In some cases, before an arrangement can commence, the parties must agree to specific IIROC arrangement conditions, including obtaining IIROC approval of the arrangement.

    2. Sections 2401 through 2480 sets out the specific IIROC requirements for a number of arrangements that a Dealer Member may enter into and is organized as follows:

    1. Part A – Requirements for acceptable arrangements between two Dealer Members  including:

      1. Part A.1 – General requirements
        [sections 2403 through 2407]

      2. Part A.2 – Specific requirements for Type 1 introducing broker / carrying broker arrangements
        [section 2410]

      3. Part A.3 – Specific requirements for Type 2 introducing broker / carrying broker arrangements
        [section 2415]

      4. Part A.4 – Specific requirements for Type 3 introducing broker / carrying broker arrangements
        [section 2420]

      5. Part A.5 – Specific requirements for Type 4 introducing broker / carrying broker arrangements
        [section 2425]

    2. Part B – Requirements for acceptable arrangement between a Dealer Member and a foreign affiliate dealer
      [sections 2435 and 2436]

    3. Part C – Permitted arrangements that are not considered to be introducing broker / carrying broker arrangement
      [sections 2460 and 2461]

    4. Part D – Prohibited arrangements
      [section 2480]

    There is no history log for this rule.

    There is no history log for this rule.