4421. Safeguarding client and Dealer Member cash and securities

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    1. A Dealer Member must safeguard its clients’ and its own cash and securities:

      1. to protect them against material loss, and

      2. to detect and account for potential losses (for regulatory, financial and insurance purposes) on a timely basis.

    2. 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.

    3. 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.