- When opening an initial account for a partnership or trust, a Dealer Member must:
- in the case of a trust, obtain the names and addresses of all trustees and all known beneficiaries and settlors of the trust,
- establish the existence of the partnership or trust and the nature of its business,
- 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
- 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.