44.3. It is derogatory to the dignity of the profession for members to practise within a partnership or joint-stock company that holds out or implies that it is governed by the Professional Code (chapter C-26) where such partnership or joint-stock company does not comply with the requirements set out in the Professional Code or the Regulation respecting the practice of the profession of certified management accountant within a partnership or joint-stock company (chapter C-26, r. 33.1).