PART B.2 - ACCEPTABLE SECURITIES LOCATIONS

4351. Annual approval of foreign institutions and foreign securities dealers as acceptable securities locations

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    1. For a foreign institution or foreign securities dealer to continue to be an acceptable securities location, the Dealer Members board of directors or a committee of the Dealer Members board of directors must annually:

      1. approve in writing the foreign institution or foreign securities dealer, and

      2. complete and sign a foreign custodian certificate for the foreign institution or foreign securities dealer.

    2. The Dealer Member must file the foreign custodian certificate with IIROC.

    3. The annual approval by the Dealer Members board of directors or a committee of the Dealer Members board of directors must be given as follows:

      Document

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      Notes

      Dealer Member’s board material and foreign custodian certificate

      Dealer Member board’s or committee of the Dealer Member board’s annual written approval of foreign custodian as foreign location for holding securities

      Approval must be documented in minutes of a meeting.

      Approval must be available for review by examiners during a field examination of the Dealer Member

    4. Without this written approval and filed foreign custodian certificate, the location is a non-acceptable securities location.

    There is no history log for this rule.