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A Dealer Member must safeguard its clients’ and its own cash and securities:
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to protect them against material loss, and
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to detect and account for potential losses (for regulatory, financial and insurance purposes) on a timely basis.
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A Dealer Member’s policies and procedures must specifically address the minimum requirements for safeguarding cash and securities as described in sections 4422 through 4433.
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IIROC recognizes that a Dealer Member with a small operation may be unable to comply with Rule 4400 requirements to segregate duties. If these minimum requirements are inappropriate because of a Dealer Member’s small size, it must implement alternative control procedures that IIROC approves.
There is no history log for this rule.
There is no history log for this rule.