(a) Have the capacity to carry out the purposes of governing laws, regulations and SRO rules, and to enforce compliance by its members and associated persons with those laws, regulations, and rules;

(b) Treat all members of the SRO and applicants for membership in a fair and consistent manner;

(c) Develop rules that are designed to set standards of behaviour for its members and to promote investor protection;

(d) Submit to the regulator its rules for review and/or approval as the regulator deems appropriate, and ensure that the rules of the SRO are consistent with the public policy directives established by the regulator;

(e) Cooperate with the regulator and other SROs to investigate and enforce applicable laws and regulations;

(f) Enforce its own rules and impose appropriate sanctions for non-compliance;

(g) Assure a fair representation of members in selection of its directors and administration of its affairs;

(h) Avoid rules that may create uncompetitive situations; and

(i) Avoid using the oversight role to allow any market participant to gain unfair advantage in the market.