2503. General requirements for Executives

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    1. A Dealer Member’s Executives must:

      1. be either:

        1. actively engaged in the business of the Dealer Member and spend the majority of their time in the securities industry, except those on active government service, or who for health reasons are prevented from such active engagement, or

        2. occupy a position equivalent to an Executive or Director at a related or affiliated  firm registered with a securities regulatory authority, affiliated foreign securities dealer or advisor, or an affiliated Canadian financial institution, and

      2. satisfy the applicable proficiency requirements of clause 2602(3)(xxvii).
    2. At least 60% of the Dealer Member’s Executives must have at least five years of experience in the financial services industry, or such lessor period as may be acceptable to IIROC.

    There is no history log for this rule.

    There is no history log for this rule.