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The Corporate Governance Committee must appoint to the hearing committee of each District a number of suitable and qualified individuals sufficient to conduct hearings in the District.
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In considering the suitability and qualifications of an individual who is nominated for membership on a hearing committee, the Corporate Governance Committee must take into account the individual’s:
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general knowledge of business practices and securities laws,
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experience,
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regulatory background,
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availability for hearings,
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reputation in the securities industry,
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ability to conduct hearings in French or English, and
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Districts in which individuals would be entitled to serve.
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An individual who:
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is currently or has been within the previous eighteen months an employee of a Member, a Regulated Person, or an affiliate of a Member or Regulated Person,
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represents any parties to enforcement or other proceedings under IIROC requirements or any person in connection with IIROC requirements, or
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would otherwise raise a reasonable apprehension of bias with respect to matters that may come before a hearing panel,
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is not eligible for appointment or membership as a public member of a hearing committee.
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The Corporate Governance Committee must appoint a chair of each hearing committee.
There is no history log for this rule.