2704. Continuing education requirements

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    1. In each continuing education program cycle, a continuing education participant must meet the continuing education requirements for the applicable Approved Person category, regardless of product type, as set out in the following table.

      Approved Person Category

      Client Type

      Compliance course requirement

      Professional development requirement

      Registered Representative

      retail client 

      Yes

      Yes

      Registered Representative

      institutional client

      Yes

      No

      Investment Representative

      retail client or institutional client

      Yes

      No

      Portfolio Manager

      retail client or institutional client

      Yes

      Yes

      Associate Portfolio Manager

      retail client or institutional client

      Yes

      Yes

      Trader

      N/A

      Yes

      No

      Supervisor of Registered Representatives 

      retail client

      Yes

      Yes

      Supervisor of Investment Representatives 

      retail client

      Yes

      No

      Supervisor of Registered Representatives or Investment Representatives 

      institutional client

      Yes

      No

      Supervisor designated to be responsible for the supervision of options accounts

      retail client or institutional client

      Yes

      No

      Supervisor designated to be responsible for the supervision of futures contract/futures contract options accounts

      retail client or institutional client

      Yes

      No

      Supervisor designated to be responsible for the supervision of managed accounts

      retail client or institutional client

      Yes

      No

      Supervisor designated to be responsible for the opening of new accounts and supervision of account activity

      retail client or institutional client

      Yes

      No

      Supervisor designated to be responsible for the supervision of discretionary accounts

      retail client or institutional client

      Yes

      No

      Supervisor designated to be responsible for the pre-approval of advertising, sales literature and correspondence

      N/A

      Yes

      No

      Supervisor designated to be responsible for the supervision of research reports

      N/A

      Yes

      No

      Ultimate Designated Person

      N/A

      Yes

      No

      Chief Compliance Officer

      N/A

      Yes

      No

    2. A continuing education participant registered in more than one Approved Person category must meet the continuing education requirements of the category with the most onerous continuing education requirements.  

    3. All continuing education participants must complete at least 10 hours of compliance courses in each continuing education program cycle.

    4. A continuing education participant that is subject to professional development requirements must complete at least 20 hours of professional development courses in each continuing education program cycle.  

    2705. – 2714.  Reserved.

    There is no history log for this rule.

    There is no history log for this rule.