3203. Identifying partnerships or trusts

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    1. When opening an initial account for a partnership or trust, a Dealer Member must:
      1. in the case of a trust, obtain the names and addresses of all trustees and all known beneficiaries and settlors of the trust, 
      2. establish the existence of the partnership or trust and the nature of its business,
      3. in accordance with the requirements set out in section 3206 establish the identity of each individual that exercises control over the affairs of the partnership or trust, and
      4. not open a partnership or trust account unless it first obtains the information  referred to in clause 3203(1)(iii)  and determines whether the individuals described in clause 3203(1)(iii) and, in the case of a trust,any of the known beneficiaries of more than 10% of the trust are insiders of a reporting issuer or any other issuer whose securities are publicly traded.

    There is no history log for this rule.

    There is no history log for this rule.