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3208. Exemptions from Know‐Your‐Client

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Series 3000: Business Conduct and Client Accounts Rules
    Rule
    1. Clause 3202(1)(iii) and subsection 3209(4) do not apply in respect to: 
      1. an order execution only account, 
      2. a direct electronic access account, 
      3. an account maintained at a Dealer Member who is a carrying broker for that account or who only provides trade execution, clearing, settlement or custody services or a combination of these services to another Dealer Member, portfolio manager, exempt market dealer or their respective clients, for that account, or 
      4. an account held by an institutional client. 
    Guidance/Notices
    History

    There is no history log for this rule.

    Disciplinary History
    There is no history log for this rule.
      Jump to another section in Rule 3200
      3201. Introduction
      3202. Know Your‐​Client
      3203. Identifying partnerships or trusts
      3204. Identifying corporations
      3205. Prohibition on shell banks
      3206. Establishing identity
      3207. Identification exceptions
      3209. Primary responsibility, delegation and obligation to keep current 
      3210. Definitions
      3211. Account appropriateness
      3212. Account information
      3213. Account opening policies and procedures
      3214. Opening new client accounts
      3215. Updating client accounts
      3216. Relationship Disclosure
      3217. Leverage risk disclosure statement
      3218. Pre-trade disclosure of charges
      3219. Client mail
      3220. Record keeping
      3221. Prohibition against discretionary trading 
      3222. Conditions for temporary holds
      3230. Rules applicable to advisory accounts
      3240. Rules applicable to order execution only accounts
      3241. Order execution only account services 
      3245. Rules applicable to margin accounts 
      3246. Margin requirements — when to extend margin to clients
      3247. Margin account agreement
      3250. Rules applicable to options, futures contracts and futures contract options trading accounts
      3252. Additional requirements when opening an options account
      3253. Options trading agreement
      3254. Letter of undertaking
      3255. Options disclosure statement
      3256. Position and exercise limits
      3257. Additional requirements when opening a futures contract or futures contract option account
      3258. Futures contract and futures contract option trading agreement
      3259. Letters of undertaking
      3260. Futures disclosure statement
      3270. Definitions
      3271. Rules applicable to discretionary accounts and managed accounts
      3273. Accepting a discretionary account
      3274. Discretionary account agreement
      3275. Persons authorized to affect discretionary trades
      3276. Conflicts of interest
      3277. Opening a managed account
      3278. Managed account agreement
      3279. Persons authorized to deal with managed accounts
      3280. Conflicts of interest
      3281. Fees and remuneration

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