3915. Report to Dealer Member’s board of directors

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    1. At least annually, the Chief Compliance Officer must provide a written report to the Dealer Member’s board of directors for the purpose of assessing compliance by the Dealer Member, and its employees and Approved Persons, with IIROC requirements and securities laws, other than those required under subsection 3915(2).

    2. At least annually, the Chief Financial Officer must provide a written report to the Dealer Member’s board of directors for the purpose of assessing compliance by the Dealer Member, and its employees and Approved Persons, with the financial IIROC requirements and securities laws, as necessary.

    3. The Dealer Member’s board of directors must review the reports and recommendations submitted to it pursuant to section 3915 to determine the appropriate action to be taken to remedy any compliance deficiencies that are identified and must ensure that such action is taken.

    4. The Dealer Member’s board of directors must maintain records of the actions it determines necessary to correct compliance problems and the monitoring done to ensure that the actions are carried out.

    There is no history log for this rule.

    There is no history log for this rule.