OPTIONS ACCOUNTS

3254. Letter of undertaking

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    1. Instead of an options trading agreement, a Dealer Member may obtain a letter of undertaking for accounts where the client is:

      1. an acceptable institution,

      2. an acceptable counterparty, or 

      3. a regulated entity.

    2. The letter of undertaking must state that the client agrees to abide by IIROC’s requirements and the requirements of any entity through which options are traded or, cleared or issued, including, compliance with position and exercise limits.

    There is no history log for this rule.

    There is no history log for this rule.