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  • Confirmation of Transactions

    • BC-8.10.2

      When a conventional bank licensee executes a transaction in a financial instrument for a customer on a specific order, it must establish procedures to keep the customer informed of the essential details of the transaction and essential information regarding the carrying out of his order.

      Added: April 2008

    • BC-8.10.3

      For the purposes of Rule BC-8.10.2, the essential details of the transaction and essential information regarding the carrying out of the order include:

      (a) Execution price;
      (b) Charges; and
      (c) Date of execution.

      Added: April 2008

    • BC-8.10.4

      For the purposes of Rule BC-8.10.2, conventional bank licensees must include at the very least in their confirmation notes, the information included in Paragraph BC-8.13.7.

      Added: April 2008