CIRO MFD Rule 5.1

Requires the keeping of books, records and other documents necessary for the property recording of business transactions, financial affairs and transactions executed on behalf of others.

Rule Overview

Jurisdiction: Canada

Regulator: CIRO

Topic: Recordkeeping

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The recordkeeping requirements under this rule are extensive with members required to capture and retain almost all documents pertaining to their business including:

  • blotters;
  • order records whether executed or unexecuted;
  • all financial documents;
  • all written agreements;
  • correspondence with clients;
  • records of compliance and supervision actions; and
  • records demonstrating compliance with specific rules.
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