V-1 - Securities Act

Section 99 Disposition versions

1977-12-31

99. Every broker who is neither a member of a stock exchange nor represented thereon must keep books of account in which are entered:

(a)  his receipts and expenditures, indicating the sources of the receipts and the purposes to which the expenditures relate;

(b)  his purchases and sales of securities;

(c)  the names and addresses of the persons from whom he purchases or to whom he sells securities and the details of such transactions;

(d)  a statement of his assets and liabilities;

(e)  a mention of all the securities which he holds, at all times, for himself or for others, with a separate indication of each account of clients for whom such securities are held.

Such books of account must be kept at the main business office of the broker in Québec, unless he has obtained written authorization from the Commission to keep them elsewhere.

R. S. 1964, c. 274, s. 82.