2805. Due diligence and record keeping

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    1. A Dealer Member must make reasonable efforts to ensure that the information submitted through the National Registration Database is true and complete.

    2. A Dealer Member must keep all documents used to meet its obligation under subsection 2805(1) for seven years after the individual ceases to be an Approved Person of the Dealer Member, or in any case when an individual who applied for approval was refused or withdrawn.

    3. A Dealer Member must record the National Registration Database submission number on any document kept under subsection 2805(2).

    4. For recently approved individuals, a Dealer Member must obtain, within 60 days of approval, a copy of the most recent Form 33‑109F1 issued in respect of the individual by the former sponsoring Dealer Member.

    There is no history log for this rule.

    There is no history log for this rule.