Series 2000: Dealer Member Organization and Individual Approval Rules

Filter 2000 series by title:

2100: OWNERSHIP OF A DEALER MEMBER’S SECURITIES

2101. Introduction

2102. Definitions

2103. Dealer Members must have IIROC approval to issue subordinated debt

2104. Repayments and additional subordinated debt

2105. Agreements with IIROC

2106. IIROC notification of changes of ownership

2107. Ownership of another Dealer Member

2108. Ownership of a significant equity interest and ownership of assets

2109. A Dealer Member’s ownership of another Dealer Member

2110. Public ownership

2111. Public distribution of a Dealer Member’s securities

2112. Take-over bids or amalgamations

2113. Secondary distribution of securities

2114. Soliciting trades in a Dealer Member’s securities

2115. Dealer Member’s securities in client accounts

2116. Research reports

2117. IIROC approvals

2200: DEALER MEMBER ORGANIZATION

2201. Introduction

PART A – DEALER MEMBER STRUCTURE

PART A.1 - BUSINESS LOCATIONS

2202. Business locations

PART A.2 - HOLDING COMPANIES, RELATED COMPANIES AND ORDER EXECUTION ONLY SERVICE PROVIDERS

2205. Holding companies

2206. Related companies

2207. Approval as an order execution only account services provider

PART A.3 - NON-SECURITIES BUSINESS AND SHARED PREMISES

2215. Business other than securities

2216. Shared office premises

PART B - DEALER MEMBER MEMBERSHIP CHANGES

2220. Introduction

2221. Notice of intention to resign

2222. Letter of resignation and supporting documents

2223. Acquisition and resignation

2224. Amalgamation of Dealer Members

2225. Amalgamation with a non-Dealer Member

2226. Effective date of resignation

2227. Payment of IIROC fees

2228. Inactive Dealer Members

PART C - BUSINESS CHANGE NOTIFICATION REQUIREMENTS

2245. Introduction

2246. Dealer Member’s notice of changes to IIROC

2247. IIROC informs Dealer Member about review when necessary

2248. District Council reviews proposed changes

PART D - BRANCH OFFICES OF DEALER MEMBERS

2265. Introduction

2266. Branch office members

2267. Branch office member’s representation

2268. Fees

PART E - TRADE NAMES AND DISCLOSURES

2280. Introduction

2281. Trade names

2282. IIROC notification

2283. Displaying the full legal name

2284. Membership disclosure requirements of the Canadian Investor Protection Fund for Dealer Members

2285. Membership disclosure requirements of IIROC for Dealer Members

2300: PRINCIPAL AND AGENT RELATIONSHIPS

2301. Introduction

2302. Principal and agent relationships

2303. Written agreement between the Dealer Member and IIROC

2304. Written agreement between the Dealer Member and its agents

2400: ACCEPTABLE BACK OFFICE ARRANGEMENTS

2401. Introduction

2402. Definitions

PART A - ARRANGEMENTS BETWEEN TWO DEALER MEMBERS – GENERAL REQUIREMENTS

PART A.1 – GENERAL REQUIREMENTS

2403. Arrangements that may be executed

2404. Additional conditions that apply to an introducing broker under a Type 1 introducing broker/carrying broker arrangement

2405. Additional conditions that apply to an introducing broker under a Type 2 introducing broker/carrying broker arrangement

2406. Additional conditions that apply to an introducing broker under either a Type 3 introducing broker/carrying broker or a Type 4 introducing broker/carrying broker arrangement

2407. Requirement for an agreement

PART A.2 – SPECIFIC REQUIREMENTS FOR TYPE 1 INTRODUCING BROKER / CARRYING BROKER ARRANGEMENTS

2410. Type 1 introducing broker/carrying broker arrangement – requirements

PART A.3 – SPECIFIC REQUIREMENTS FOR TYPE 2 INTRODUCING BROKER / CARRYING BROKER ARRANGEMENTS

2415. Type 2 introducing broker/carrying broker arrangement – requirements

PART A.4 – SPECIFIC REQUIREMENTS FOR TYPE 3 INTRODUCING BROKER / CARRYING BROKER ARRANGEMENTS

2420. Type 3 introducing broker/carrying arrangement – requirements

PART A.5 – SPECIFIC REQUIREMENTS FOR TYPE 4 INTRODUCING BROKER / CARRYING BROKER ARRANGEMENTS

2425. Type 4 introducing broker/carrying broker arrangement – requirements

PART B - ARRANGEMENTS BETWEEN A DEALER MEMBER AND A FOREIGN AFFILIATE DEALER

2435. Arrangements that may be executed with a foreign affiliate

2436. Additional conditions that apply to an introducing broker / carrying broker arrangement involving a foreign affiliate dealer

PART C - PERMITTED ARRANGEMENTS THAT ARE NOT CONSIDERED TO BE INTRODUCING BROKER/CARRYING BROKER ARRANGEMENTS

2460. Certain arrangements executed with a Canadian financial institution affiliate

2461. Certain arrangements with other dealers

PART D - PROHIBITED BACK OFFICE SHARING ARRANGEMENTS

2480. Prohibited introducing broker / carrying broker arrangements

2500: DEALER MEMBER DIRECTORS AND EXECUTIVES, AND APPROVAL OF INDIVIDUALS

2501. Introduction

PART A - DEALER MEMBER DIRECTORS AND EXECUTIVES

2502. General requirements for Directors

2503. General requirements for Executives

2504. Exemption

2505. Chief Financial Officer

2506. Chief Compliance Officer

2507. Ultimate Designated Person

PART B - APPROVAL OF INDIVIDUALS

2550. Introduction

2551. Individual approval

2552. Compliance with the proficiency requirements or other conditions

2553. Approval of Registered Representatives, Investment Representatives, Portfolio Managers and Associate Portfolio Managers and their obligations

2554. The Approved Person’s activities outside of the Dealer Member

2555. Approval of investors

2600: PROFICIENCY REQUIREMENTS AND EXEMPTIONS FROM PROFICIENCIES

2601. Introduction

PART A - PROFICIENCY REQUIREMENTS

2602. Proficiency requirements for Approved Persons and approved investors

PART B - EXEMPTIONS FROM PROFICIENCY REQUIREMENTS

2625. Specific exemptions

2626. General and discretionary exemptions

2627. Exemptions from writing the required courses

2628. Course validity and exemptions from rewriting courses

2629. Transition of Registered Representatives (with a business type of portfolio management) into the new registration regime

2630. Transition of Advising Representatives and Associate Advising Representatives into the Portfolio Manager and Associate Portfolio Manager approval category

2700: CONTINUING EDUCATION REQUIREMENTS FOR APPROVED PERSONS

2701. Introduction

2702. Definitions

PART A - THE CONTINUING EDUCATION PROGRAM AND CONTINUING EDUCATION REQUIREMENTS

2703. The continuing education program

2704. Continuing education requirements

PART B – CONTINUING EDUCATION PROGRAM COURSES AND ADMINISTRATION

2715. The compliance course

2716. The professional development course

2717. Dealer Member’s administration of the continuing education program

PART C – PARTICIPATION IN THE CONTINUING EDUCATION PROGRAM

2725. Participation of recently Approved Persons

2726. Voluntary participation in the continuing education program

PART D – CHANGES DURING A CONTINUING EDUCATION PROGRAM CYCLE

2735. Changes to Approved Persons category during a continuing education program cycle

PART E – DISCRETIONARY RELIEF

2745. Discretionary Relief

PART F – PENALTIES APPLICABLE TO THE CONTINUING EDUCATION REQUIREMENTS FOR APPROVED PERSONS

2755. Penalties for late filing or not completing continuing education requirements in a continuing education program cycle

2800: THE NATIONAL REGISTRATION DATABASE

2801. Introduction

2802. Definitions

2803. Dealer Member obligations for the National Registration Database

2804. Temporary hardship exemption

2805. Due diligence and record keeping

2806. Fees

2807. Termination

2808. Reinstatement of suspended Approved Persons