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BR-2.2.7

For the purposes of this chapter, in determining whether a matter is significant, an investment firm licensee should have regard to:

(a) The size of any monetary loss or potential monetary loss to itself or its customers (either in terms of a single incident or group of similar or related incidents);
(b) The risk of reputational loss to the investment firm licensee; and
(c) Whether the incident or a pattern of incidents reflects weaknesses in the investment firm licensee's internal controls.
Adopted: July 2007