The applications received and exemptions granted by category listed in Notice 20-0084 are summarized as follows (as at April 9, 2020):
- Wet signatures – 11 applications received; 1 exemption issued
- Auditor procedures – 6 applications received
- Supervision – registrant accounts – 6 applications received; 3 exemptions issued
- Supervision – trade reviews and branch reviews – 6 applications received
- Waiver of late filing fees – 1 application received; 1 exemption issued
- Margin related relief – 2 applications received; 2 exemptions issued
- Registration and proficiency – all applications received were processed in the ordinary manner by the applicable District Council
- Client verification requirements – 4 applications received
Dealer Members wishing to receive exemptive relief in one or more of the listed areas must submit a written exemption application detailing:
- the relief their firm wishes to receive
- why, with respect to the effects of the COVID-19 pandemic this relief has been made necessary
- where applicable, the alternative approach the firm would like to use to meet the spirit and intent of the relevant DMR requirement(s)
The firm’s exemptive relief application should be submitted by email to the following address: exemptions@iiroc.ca.