2765. Transition – Penalties for not completing continuing education requirements for the January 1, 2015 to December 31, 2017 continuing education program cycle

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    1. Notwithstanding subsection 2755(1), if a continuing education participant fails to complete the continuing education requirements for the January 1, 2015 to December 31, 2017 continuing education program cycle,  IIROC will impose a fine of $500 a month on the sponsoring Dealer Member. IIROC will begin to impose the fine 10 days after the end of the continuing education program cycle. IIROC will continue to impose the fine monthly until the continuing education participant completes the continuing education requirements or six months pass, whichever is earlier. 

    2. If a continuing education participant does not complete the continuing education requirements for the January 1, 2015 to December 31, 2017 continuing education program cycle by June 30, 2018, IIROC will automatically suspend the approval of the continuing education participant.  

    3. IIROC may reinstate the continuing education participant’s approval after the sponsoring Dealer Member has notified IIROC in writing that the continuing education participant has completed the continuing education requirements.

    There is no history log for this rule.

    There is no history log for this rule.