Here are the basic IIROC requirements for an individual to be approved as an advisor to trade and advise the public in securities:

Prior to becoming registered with an IIROC-regulated firm, an applicant must have completed the Canadian Securities Course within the past three years, and the Conduct and Practices Handbook Course within the past two years.

As soon as he or she is employed with an IIROC-regulated firm, the applicant will undergo a 90-day training period, during which time he or she cannot deal with clients.

When the applicant has completed the training period, the firm will submit an initial registration submission to IIROC Registration for review and approval.

After being registered, an applicant must complete the Canadian Securities Institute’s  Wealth Management Essentials Course within 30 months of initial registration.

Additional qualifications are required for advisors who deal with options, futures and managed accounts.