3204. Identifying corporations

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    1. When opening an initial account for a corporation, a Dealer Member must: 
      1. obtain the names of all directors of the corporation within 30 days of opening the account, 
      2. establish the existence of the corporation and the nature of its business, 
      3. in accordance with the requirements set out in section 3206, establish the identity of any individual who is the beneficial owner, or exercises direct or indirect control or direction, of 25% or more of the voting rights attached to the outstanding voting securities of the corporation, and
      4. not open an account unless it identifies any such individual beneficial owners required under clause 3204(1)(iii) and determines whether one or more of them 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.