For the purposes of Rule 3200, a Dealer Member must ensure that individuals trading on its behalf do not engage in any discretionary trading, including time and price discretion, unless discretion is exercised in a discretionary account or managed account in accordance with the requirements set out in Part G of Rule 3200.
Subsection 3221(1) does not apply to time and price discretion exercised in fulfilling the Dealer Member’s best execution obligation relating to a client order for a specific amount or a specific security.
3222. – 3229. Reserved.