4312. Fully paid and excess margin securities

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    1. A Dealer Member holding fully paid or excess margin securities for a client must:

      1. segregate those securities, and

      2. identify those securities as being held in trust for that client.

    2. A Dealer Member must not use securities held in segregation for its own purposes except with the express written approval of its client under the terms of a cash and securities loan agreement as detailed in section 5840.
    3. IIROC may prescribe how segregated securities are held, and how the amount or value of securities to be segregated must be calculated.

    There is no history log for this rule.

    There is no history log for this rule.