3274. Discretionary account agreement

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    1. A discretionary account agreement must:

      1. define the extent of the discretionary authority given to the Dealer Member by the client,

      2. include any restrictions on the discretionary authority,

      3. have a maximum term of no longer than 12 months,
      4. not be renewable, and
      5. set out the terms of termination in accordance with subsection 3274(2).
    2. A discretionary account agreement may only be terminated by written notice: 
      1. by the client, effective when received by the Dealer Member, except for orders entered prior to receipt of the notice, or
      2. by the Dealer Member, effective not less than 30 days from the date the Dealer Member delivered the notice to the client.

    There is no history log for this rule.

    There is no history log for this rule.