-
Any investor who owns or holds a beneficial ownership interest in a significant equity interest in the Dealer Member or special warrants or other securities that are convertible into a significant equity interest in the Dealer Member must:
-
be approved by the applicable District Council, and
-
if applicable, meet the proficiency requirements of subsections 2555(2) and 2555(3).
-
- A Dealer Member’s Director who, directly or indirectly, owns or controls a voting interest of a Dealer Member of 10% or more must satisfy the proficiency requirements of clause 2602(3)(xxxi).
- Any individual, other than a Dealer Member’s Director, who:
- is actively engaged in the business of the Dealer Member, and
- directly or indirectly owns or controls a voting interest in a Dealer Member of 10% or more, must satisfy the proficiency requirements of clause 2602(3)(xxxi) applicable to approved investors.
2556. – 2599. Reserved.
There is no history log for this rule.
There is no history log for this rule.