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.
To help registered and approved individuals who deal with the public remain current, we introduced a mandatory Continuing Education (CE) program for Member firm. The CE program operates on three-year cycles and all registrants are on the same schedule. The first cycle began on January 1, 2000 and ended on December 31, 2002.
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 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.
There are a few exceptions. If you have been continuously licensed for more than 15 years as of January 1, 2000, then you will complete only the compliance portion of the program during each cycle. Those of you who have been continuously licensed for more than 10, but less than 15 years, as of January 1, 2000, will complete the full program of two courses for the first CE three-year cycle of January 1, 2000 to December 31, 2002.
After completing this cycle, you will be required to complete only the compliance portion of the program thereafter. 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 set of Course Guidelines to determine 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 Guidelines set out in IIROC
Dealer Member Rule 2900.
It is important to be sure that the course you are interested in satisfies the guidelines issued by IIROC. Once you provide your firm with the necessary course information, your firm can determine course eligibility.
cecap.ca to apply for accreditation and for more information about the IIROC CE Course Accreditation Process. Any inquiries can be sent to
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Voluntary CE Courses
Certain accredited courses may be used to fulfill Voluntary Participation in CE, by non-registrants, thereby extending the validity period for the Canadian Securities Course (CSC) and the Conduct and Practices Handbook (CPH) exam.
Non-registrants may extend the validity period for the CSC and CPH by completing certain courses accredited through IIROC’s Voluntary Participation program. Learn more about the courses approved by IIROC.
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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. Registrants (and their firms) who have not completed their CE requirements will receive at least two notifications during the final year of each cycle. This means you will have the opportunity to correct any discrepancies in the records and it ensures that you can take the necessary steps to complete the CE program in time.
If you have not completed the required courses at the end of three years, penalties may be imposed—from monthly fines to suspension at the end of a six-month period.
The courses are designed with participants' time in mind. The Compliance course will require a minimum of 12 hours, and the Product Knowledge/Professional Development course will require a minimum of 30 hours of study. The timeframe in which to complete these courses is three years.
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