MANAGED ACCOUNTS

3277. Opening a managed account

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    1. To accept managed accounts:

      1. the Dealer Member must designate a Supervisor to be responsible for managed accounts

      2. the Dealer Member’s policies and procedures must specifically address the supervision and operation of managed accounts in accordance with IIROC requirements

      3. the Dealer Member must enter into a managed account agreement with the client prior to opening a managed account,

      4. the designated Supervisor must approve each managed account in writing, 

      5. the Dealer Member must retain a record of the designated Supervisor’s approval, and

      6. the Dealer Member must provide the client with a copy of its policy ensuring fair allocation of investment opportunities.

    There is no history log for this rule.

    There is no history log for this rule.