3912. Responsibilities of the Chief Compliance Officer

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    1. The Chief Compliance Officer must:

      1. establish and maintain policies and procedures to assess compliance by the Dealer Member and individuals acting on its behalf with IIROC requirements and securities laws, other than those required under subsection 3913(1),

      2. monitor and assess compliance by the Dealer Member and individuals acting on its behalf with IIROC requirements and securities laws, and

      3. report to the Ultimate Designated Person as soon as possible if there is any indication that the Dealer Member or any individual acting on its behalf may be in non-compliance with IIROC requirements or securities laws, other than those required under subsection 3913(1), and:

        1. the non-compliance creates a reasonable risk of harm to a client,

        2. the non-compliance creates a reasonable risk of harm to the capital markets, or

        3. the non-compliance is part of a pattern of non-compliance.

    2. The Chief Compliance Officer must have access to the Ultimate Designated Person and the Dealer Member’s board of directors as necessary to carry out his or her responsibilities.

    There is no history log for this rule.

    There is no history log for this rule.