2460. Certain arrangements executed with a Canadian financial institution affiliate

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    1. A Dealer Member’s arrangement under which employees of its affiliate handle securities clearing and settlement, maintain records, or perform operational functions is not considered an introducing / carrying broker arrangement for the purposes of sections 2401  through 2480 provided the custodial functions are handled on a segregated basis according to IIROC requirements and the affiliate is:

      1. a chartered bank,

      2. an insurance company governed by federal or provincial insurance legislation, or

      3. a loan or trust company governed by federal or provincial loan and trust company legislation.

    There is no history log for this rule.

    There is no history log for this rule.