An Approved Person with a Member firm is asked to serve as an unpaid director for a local non-profit community center. According to CIRO requirements regarding outside activities, what action must the Approved Person take?

Question

Accepted Answer

Correct. Rule 1.3.2(c) mandates that an Approved Person must obtain written approval from the Member firm prior to engaging in any outside activity, which includes unpaid director roles.

An Approved Person with a Member firm is asked to serve as an unpaid director for a local non-profit community center. According to CIRO requirements regarding outside activities, what action must the Approved Person take?

Discussion