4112. Negative risk adjusted capital and other early warning test failure situations

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    1. The Chief Financial Officer and Ultimate Designated Person must take prompt action to:

      1. avert or remedy any projected or actual negative risk adjusted capital situations,

      2. report to IIROC any actual negative risk adjusted capital situations,

      3. report to IIROC any early warning test failure situations that could require the Dealer Member to be designated in early warning level 1 or level 2, and

      4. report to IIROC any circumstances from which it should be apparent that there would be early warning test failures that could require the Dealer Member to be designated in early warning level 1 or level 2 if the Dealer Member had complied with the requirements of Rule 4100 and performed the early warning test calculations.

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