4135. Restrictions on a Dealer Member in early warning

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    1. A Dealer Member designated as being in early warning level 1 or 2 must obtain IIROC’s written consent before:

      1. reducing its capital in any way, including by share redemption, re‑purchase or cancellation,

      2. reducing any of its IIROC approved subordinated indebtedness,

      3. incurring any direct or indirect loan, advance, bonus, dividend, capital or other payments or distributions of assets to any Director, officer, partner, shareholder, related company, affiliate or associate, or

      4. incurring any commitments to increase its non‑allowable assets.

    There is no history log for this rule.

    There is no history log for this rule.