A Participant that has, under Rule 7.1, authorized an investment dealer to perform on its behalf the setting or adjusting of a specific risk management or supervisory control, policy or procedure or the provision of risk management or supervisory controls, policies and procedures to a third party shall forthwith report to the Market Regulator the fact that:
the written agreement with the investment dealer or third party has been terminated; or
the Participant knows or has reason to believe that the investment dealer or third party has failed to promptly remedy any deficiency identified by the Participant.
UMIR section 1.1 – “Market Regulator” and “Participant”.
UMIR sections 7.1(7) – (10) and UMIR Policy 7.1 Part 7.