3913. Responsibilities of the Chief Financial Officer

Or jump to a Series:

    1. The Chief Financial Officer must: 

      1. establish and maintain policies and procedures for the Dealer Member relating to financial IIROC requirements,

      2. monitor adherence to the Dealer Member’s policies and procedures to provide reasonable assurance that the Dealer Member complies with the financial IIROC requirements,

      3. identify any breaches of approved capital usage limits and report them in accordance with section 4116; and

      4. 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 the financial requirements of IIROC 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 Financial 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.

    3914. Reserved.

    There is no history log for this rule.

    There is no history log for this rule.