Proficiency Initiative

IIROC has undertaken a multi-year initiative to enhance its Proficiency regime with the intention of launching the new standards in 2026.

Proficiency standards are a cornerstone of the IIROC regulatory regime. High proficiency standards play a key role in investor protection and the integrity and efficiency of capital markets. IIROC’s goal is to create, maintain and promote high proficiency standards and a robust proficiency regime in the investment industry​.​

IIROC launched a request for Expressions of Interest (REOI) process on October 11, 2022 to provide education services to support enhancements to IIROC’s proficiency regime. IIROC welcomes new and alternative models for the delivery of its education services including multiple course providers, joint or partnership arrangements amongst vendors or with IIROC.

The REOI process includes an optional information session for vendors. Interested vendors can access the REOI details and obtain the latest information on the initiative by visiting this page regularly or emailing any questions to [email protected].​

High Level Timeline

High Level Timeline, 2014-2015 Consultation: Next Phase in Proficiency Regulation, Jun 2019 Development of Competency Profiles set as Priority, August 2020 Phase I Competency Profile Consultation (IR,RR), August 2021 Phase II Competency Profile Consultation (Directors, Executives, UDP, CCO, CFO), August 2022 Phase III Competency Profile Consultation (APM,PM. Trader, Supervisot) Fall 2022 Release of REOI, Fall 2023 Release of RFP (To be confirmed based on REOI findings), Spring 2024 Selection of Vendor(s), Program Setup, Jan 2026 Launch of New Program.

Frequently Asked Questions

Background

Questions? ​ ​

Email: [email protected]

Welcome to CIRO.ca!

We have a new look! Today is the first day you can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.

You can now find new publications published by CIRO since January 1, 2023 on CIRO.ca. If you are looking for past notices or bulletins published by MFDA or IIROC, you can find those on our legacy websites. Enforcement related content will continue on those websites as well.

You can now find previous Annual Reports and Enforcement Reports on CIRO.ca, along with Halts and Resumption, and our ePublications sign up (for all previous MFDA and IIROC subscriber lists).

We will continue moving items off MFDA and IIROC in 2023/2024. Stay tuned for future updates.