Earlier this week, IIROC published for comment proposed guidance setting out the organization's expectations regarding the engagement of part-time chief financial officers. Specifically, the proposed guidance confirms that the obligations of part-time CFOs are the same as those of full-time CFOs, and also outlines dealers' responsibilities of supervision. The issue of part-time CFOs who work for more than one dealer is also considered, with IIROC setting out expectations for CFOs in such circumstances.

IIROC is accepting comments on the proposed guidance until June 2, 2014. For more information, see IIROC Notice 14-0088.