3905. Supervisory personnel and resources

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    1. A Dealer Member must assign sufficient personnel and commit adequate resources necessary to fully and properly apply and enforce its policies and procedures.

    2. A Dealer Member must appoint as many Supervisors as necessary to properly supervise its employees and Approved Persons taking into account the scope and complexity of the Dealer Member’s business.

    3. A Dealer Member must designate as many Executives as necessary to ensure compliance with IIROC’s requirements, taking into account the scope and complexity of the Dealer Member’s business. 

    4. A Dealer Member must designate Supervisors and Executives, with the qualifications and authority necessary to fully carry out the responsibilities assigned to them. 

    5. A Dealer Member must take reasonable steps to ensure all of its Supervisors and Executives are fully proficient and understand the products that employees and Approved Persons under their supervision trade in or advise on, as well as the services these employees and Approved Persons provide, to the degree necessary to properly supervise those employees and Approved Persons

    6. A Dealer Member must have procedures in place that ensure that Supervisors are properly performing their supervisory functions.

    There is no history log for this rule.

    There is no history log for this rule.