3504. Commission fees, service fees and other account related fees

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    1. Upon the  opening of an account, or 60 days prior to any fee being charged with respect to the account, a Dealer Member must provide each client with a fee schedule relating to any:

      1. fixed dollar or fixed percentage commission fees, 

      2. service fees,

      3. administrative fees, and

      4. other account charges.

    2. A Dealer Member who charges any of the fees identified in subsection 3504(1) may not charge a higher fee unless it has given 60 days’ notice of this change to its clients.

    3. The requirements set out in subsections 3504(1) and (2) do not apply to accounts of institutional clients.

    4. The disclosure requirements set out in subsections 3504(1) and (2) do not apply to interest charged by a Dealer Member in respect of an account.

    5. A Dealer Member may not charge a client a fee that is contingent upon the profit or performance of the client’s account, unless specifically permitted under IIROC requirements.

    There is no history log for this rule.

    There is no history log for this rule.