- 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.
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Defined Terms: UMIR section 1.1 – “Market Regulator” and “Participant”. Related Provisions: UMIR sections 7.1(7) – (10) and UMIR Policy 7.1 Part 7. |
There are no related Guidance/Notice documents available for this Rule.
Regulatory History: On December 7, 2012, the applicable securities commissions approved an amendment, effective March 1, 2013, to add section 10.17. See IIROC Rules Notice 12-0363 – “Provisions Respecting Electronic Trading” (December 7, 2012).
There is no history log for this rule.