4457. General minimum insurance requirement

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    1. Self‑clearing and Type 3 and Type 4 introducing brokers must maintain minimum insurance for each clause in subsection 4456(1) for the greater of:

      1. $500,000, and

      2. 1% of the base amount,

    2. provided that the minimum amount need not exceed $25,000,000 for each clause.

    There is no history log for this rule.