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Continuing Education



Securities industry professionals work in a fast-paced environment where it's important to have the knowledge to stay on top of new products, new rules and regulations, legal and compliance issues, emerging industry trends and other developments. As a complement to our regulatory functions, IIROC offers securities professionals some of the industry's most valuable training and education.

On November 30, 2017, IIROC published its new Continuing Education Rules.


Continuing Education (CE) Program Highlights

To help registered and approved individuals who deal with the public remain current, we introduced a mandatory Continuing Education (CE) program for Member firms. The CE program first operated on three-year cycles and all registrants were on the same schedule. The first cycle began on January 1, 2000 and ended on December 31, 2002. Effective January 1, 2018, the CE program operates on two-year cycles.

The setup is quite simple. Individuals registered to do retail business and give advice must complete a Compliance course and a Professional Development course during each CE cycle. Those who are not registered to do retail business (who deal with institutions only) and those not registered to give advice (such as investment representatives) must complete a Compliance course.

Learn more about the CE Requirements by Category.

 


 

Grandfathering

There are a few exceptions. If you have been continuously licensed for more than 10 years as of January 1, 2000, then you will complete only the compliance portion of the program during each cycle. For those of you approved in more than one trading category, you are responsible for the CE requirements of the more demanding category.

 

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Selecting Accredited Courses

There is considerable flexibility built into the program. IIROC will provide your firm with a Guidance Note to assist in determining course eligibility.

Professional Development and Compliance courses may be taken from a variety of approved sources including your firm, the Canadian Securities Institute, community colleges and universities, and professional education providers such as the Canadian Bankers Association, the Canadian Institute of Chartered Accountants, the Investment Funds Institute of Canada, and the CFA Institute.

Courses and seminars that have not been accredited may also be used to satisfy CE requirements, provided the member firm has reviewed the course/seminar to ensure it complies with the Compliance and Professional Development requirements set out in CE Rule 2650.

It is important to be sure that the course you are interested in satisfies the CE Rules. Once you provide your firm with the necessary course information, your firm can determine course eligibility.

Visit cecap.ca to apply for accreditation and for more information about the IIROC CE Course Accreditation Process. Any inquiries can be sent to [email protected].

 

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Voluntary CE Courses

Individuals who have never been registered with IIROC and former Approved Persons may complete certain accredited courses, thereby extending the validity period for the Canadian Securities Course (CSC).

Non-registrants may extend the validity period for the CSC by completing certain courses accredited through IIROC's Voluntary Participation program.

 

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Tracking / Reporting

While you don't have to worry about advising IIROC when you have completed a course, you do need to inform your firm. Firms will submit each employee's CE status to IIROC, which will track and report all registrants' status annually to Member firms. IIROC will maintain a record of the course completion reported by your firm as part of your registration records.

If you have not completed the CE requirements at the end of the two-year CE cycle, a one-time $2,500 fine and automatic suspension will result.

The courses are designed with CE Participants' time in mind. The Compliance course will require a minimum of 10 hours, and the Professional Development course will require a minimum of 20 hours of study. The timeframe in which to complete these courses is two years.

 

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