Chapter 1: Definitions
Establishes a standard set of defined terms relating to the licensing and enforcement of Brokers.
Chapter 1 allows for the consolidation of common defined terms that relate to the licensing and enforcement of Brokers. Several statutory defined terms and Commission Position Statement 45 were codified into regulation; some previously codified terms were relocated to Chapter 1; and some new defined terms were also added. Chapter 1 strives to make the interpretation of the regulations easier and reduces any potential risks of ambiguity.
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