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  • MIR-4.9 MIR-4.9 Obligation to Submit Periodic Reports

    • MIR-4.9.1

      A licensed member shall submit to the CBB and SRO:

      (a) Within 3 months after the end of its financial year or such longer period as the CBB may permit, a copy of its:
      1. Annual report and directors' report; and
      2. Auditors' report;
      (b) Within 45 days after the end of each of the first 3 quarters of its financial year or such longer period as the CBB may permit, or the preceding quarter, in such form as may be approved by the CBB, a copy of its:
      1. Profit and loss accounts;
      2. Balance sheet;
      3. Cash flow statement; and
      4. Change in shareholders equity;
      (c) Within 3 months after the end of its financial year or such longer period as the CBB may permit, a report on how the member has discharged its responsibilities under the CBB Law and regulations and the rules of the SRO during that financial year;
      (d) Such other report as the CBB may require for the proper administration of this Module, at such time or on such periodic basis as may be required by the CBB.
      Amended: April 2013
      Adopted January 2010

    • MIR-4.9.2

      The auditors' report referred to in rule MIR-4.9.1 (a) shall unless otherwise be provided to the CBB by way of a management letter, include the findings and recommendations of the auditors, if any, on the internal controls and risk management of the member; and

      (a) Any provision of this Module;
      (b) Any direction issued by an SRO and/or CBB under this Module; or
      (c) Any other relevant laws or regulations.
      Adopted January 2010

    • MIR-4.9.3

      Licensed members are required to complete online non-financial information related to their institution by accessing the CBB's institutional information system (IIS). Licensees must update the required information at least on a quarterly basis or when a significant change occurs in the non-financial information included in the IIS. If no information has changed during the quarter, the licensee must still access the IIS quarterly and confirm the information contained in the IIS. Licensees must ensure that they access the IIS within 20 calendar days from the end of the related quarter and either confirm or update the information contained in the IIS.

      Amended: April 2013

    • MIR-4.9.4

      Licensees failing to comply with the requirements of Paragraph MIR-4.9.3 or reporting inaccurate information are subject to financial penalties or other enforcement actions.

      Amended: April 2013