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To accept managed accounts:
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the Dealer Member must designate a Supervisor to be responsible for managed accounts,
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the Dealer Member’s policies and procedures must specifically address the supervision and operation of managed accounts in accordance with IIROC requirements,
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the Dealer Member must enter into a managed account agreement with the client prior to opening a managed account,
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the designated Supervisor must approve each managed account in writing,
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the Dealer Member must retain a record of the designated Supervisor’s approval, and
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the Dealer Member must provide the client with a copy of its policy ensuring fair allocation of investment opportunities.
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There is no history log for this rule.
There is no history log for this rule.