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Series 2000: Dealer Member Organization and Individual Approval Rules

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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 FOR NOT COMPLETING CONTINUING EDUCATION REQUIREMENTS

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

PART G - TRANSITION

2765. Transition – Penalties for not completing continuing education requirements for the January 1, 2015 to December 31, 2017 continuing education program cycle
2766. Transition – Carry Forward of professional development courses
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