PART B.2 - ACCEPTABLE SECURITIES LOCATIONS

4350. Application to IIROC for approval of foreign institutions and foreign securities dealers

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    1. A Dealer Member must apply in writing to IIROC for review and approval of a foreign institution or foreign securities dealer as an acceptable securities location.

    2. Prior to submission to IIROC the application must be approved by the Dealer Member’s board of directors or by a committee of the Dealer Member’s board of directors.

    3. The application to IIROC must include the following:

      Document

      Contents

      Form (if IIROC prescribed)

      1. Foreign custodian certificate
      1. Dealer Member responses to custodian due diligence questions
      2. Dealer Member certification of approval of foreign custodian as a location for holding securities

      In a form satisfactory to IIROC

      1. Latest audited financial statements of proposed foreign custodian

      Must evidence minimum net worth of C$150 million

       

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