Each of the Dealer Member’s Approved Persons must:
meet the applicable proficiency requirements set out in Rule 2600
before IIROC approval is granted, and
complete the applicable post-approval course requirements of subsection 2602(3) after receiving IIROC approval.
- IIROC will automatically suspend an Approved Person if he or she does not complete all required post-approval courses in his or her Approved Persons category as set out in Rule 2600.
- IIROC will reinstate an Approved Person once he or she has passed the required post‑approval courses and IIROC has been notified.
- A Dealer Member must file a report specified by IIROC on the conditions imposed on an Approved Person under Rule 8200 or Rule 9200 within 10 business days of the end of each month.
- If a Dealer Member does not file the report specified in subsection 2552(4) or files the report late, it must pay IIROC the applicable late filing fee.