2554. The Approved Person’s activities outside of the Dealer Member

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    1. An Approved Person may have, and continue in, a business or other activity outside of the Dealer Member, if the business or other activity:
      1. is not contrary to securities laws or IIROC requirements, and
      2. does not bring the securities industry into disrepute.
    2. An Approved Person may have, and continue in, a business activity outside of the Dealer Member, if:
      1. the Approved Person informs the Dealer Member of the outside business activity,
      2. the Approved Person obtains the Dealer Member’s prior approval to engage in the outside business activity,  
      3. the Dealer Member’s policies and procedures specifically address:
        1. continuous service to clients, and 
        2. potential conflicts of interest, 
        and,
      4. the Dealer Member notifies IIROC of the outside business activity within the time period and manner required by  IIROC requirements
    3. An individual must not act, and a Dealer Member must not permit an individual to act, as a Registered Representative, Investment Representative, Portfolio Manager, Associate Portfolio Manager or Trader in a manner that is contrary to section 4.1 of National Instrument 31-103, unless an exemption is granted by the applicable securities regulatory authority and such similar exemption request is also filed with and approved by IIROC.

    There is no history log for this rule.

    There is no history log for this rule.