5.17 Where a current or prospective Director or Officer of an Issuer is subject to an investigation or proceeding, or has had a notice of hearing or similar notice issued by an SRA or SRO, or is involved in settlement discussions or negotiations for settlement of any kind with an SRA or SRO in relation to any matter that could result in an order, ruling, prohibition, conviction or other sanction being imposed against that Director or Officer, the Exchange may:
(a) permit such an individual to serve as a Director or Officer of the Issuer, subject to the satisfaction of such conditions, as the Exchange determines are necessary, or
(b) prohibit that individual from serving as a Director or Officer of the Issuer,
pending the final outcome of that investigation or proceeding.
5.18 If, pursuant to this Policy, an individual is prohibited from acting as a Director or Officer or prohibited, directly or indirectly, from:
(a) being involved as a Promoter, employee, consultant or, agent of an Issuer, or
(b) otherwise being engaged by or working on behalf of an Issuer,
that Person must resign from his or her position with the Issuer immediately. The Person may be required to resign or cease to be otherwise involved with other Issuers.
5.19
http://www.tmx.com/en/pdf/Policy3-1.pdf
