Under CIRO rules, what is the minimum asset threshold for a non-individual entity, such as a corporation, to be classified as an institutional client, allowing a Dealer Member to use a master and sub-account documentation structure?

Question

Accepted Answer

Correct. According to the definition in CIRO Rule 1201(2), a non-individual with total securities exceeding $10 million under administration or management qualifies as an institutional client.

Under CIRO rules, what is the minimum asset threshold for a non-individual entity, such as a corporation, to be classified as an institutional client, allowing a Dealer Member to use a master and sub-account documentation structure?

Discussion