2435. Arrangements that may be executed with a foreign affiliate

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    1. A Dealer Member may carry the client accounts of its foreign affiliate dealer if:

      1. the Dealer Member enters into an introducing broker / carrying broker agreement type that is permissible pursuant to sections 2403 through 2425 to be entered into between two Dealer Members,

      2. the Dealer Member complies with the applicable conditions and requirements that apply to introducing broker / carrying broker agreement type set out in sections 2403 through 2425, including the requirement to enter into a written agreement, 

      3. the written agreement is:

        1. in a form acceptable to IIROC

        2. specifies the type of arrangement being entered into is a Type 1, Type 2, Type 3 or Type 4 introducing broker/carrying broker arrangement,

        3. includes terms that comply with the requirements of sections 2401 through 2480 that apply to the type of arrangement being entered into, and

        4. approved by IIROC in advance of it coming into effect,

        5. and,

      4. (the Dealer Member complies with the additional conditions set out in section 2436.

    There is no history log for this rule.

    There is no history log for this rule.