4458. Minimum insurance requirement for certain introducing brokers

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    1. Type 1 and Type 2 Introducing brokers must maintain minimum insurance for each clause in subsection 4456(1) for the greater of:

      1. $200,000 for a Type 1 introducing broker arrangement or $500,000 for Type 2 introducing broker arrangement, and

      2. ½% of the base amount,

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

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