4350. Application to IIROC for approval of foreign institutions and foreign securities dealers

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    1. A Dealer Member must apply in writing to IIROC for review and approval of a foreign institution or foreign securities dealer as an acceptable securities location.

    2. Prior to submission to IIROC the application must be approved by the Dealer Member’s board of directors or by a committee of the Dealer Member’s board of directors.

    3. The application to IIROC must include the following:



      Form (if IIROC prescribed)

      1. Foreign custodian certificate
      1. Dealer Member responses to custodian due diligence questions
      2. Dealer Member certification of approval of foreign custodian as a location for holding securities

      In a form satisfactory to IIROC

      1. Latest audited financial statements of proposed foreign custodian

      Must evidence minimum net worth of C$150 million


    There is no history log for this rule.

    There is no history log for this rule.