Approved Persons
Approval as an Approved Person – Conditions of Eligibility and Regulatory Requirements
All requests related to Approved Persons (Approval, Termination, Transfer and Status Change) must be submitted through the Participant Portal. Administrator access is provided to all Approved Participants of the Bourse. The Portal administrator of each Approved Participant is responsible for granting access to the various modules of the Portal to the employees of their firm.
For further information, please see the guidelines on the approval process of Approved Persons.
Transfer of an Approved Person
The Regulatory Division must be notified when an Approved Person becomes a new employee of another Approved Participant within 90 days of being transferred. To be valid, this transfer request must be preceded by a notice of termination of employment from the previous employer.
Any other document deemed relevant by the Regulatory Division, must be submitted to the Regulatory Division for approval through the Participant Portal. There are no fees associated with transfer requests.
Status Change of an Approved Person
The Regulatory Division must be notified through the Participant Portal when an Approved Person wishes to add a new product to the list of authorized products.
Submitting the Termination Notice of an Approved Person
When there is termination of employment of an Approved Person, the Approved Participant must notify the Regulatory Division through the Participant Portal within ten (10) business days following the termination date of employment. Failure to inform the Regulatory Division of a termination of employment within the prescribed delay results in late fees.
Requesting an MX Identification Number (MX-Id)
MX-Id requests must be submitted through the Participant Portal. Administrator access is provided to all Approved Participants of the Bourse. The Portal administrator of each Approved Participant is responsible for granting access to the various modules of the Portal to the employees of the firm.
