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What is the new proficiency model introduced by CIRO? 

The Canadian Investment Regulatory Organization (CIRO) has proposed changes to its proficiency rules including changes to the current mandatory courses offered by the Canadian Securities Institute (CSI). Under these proposed rules, subject to approval by the Canadian Securities Administrators (CSA), CIRO will be moving towards an assessment centric proficiency model for Approved Persons of Investment Dealers. For more information on CIRO’s proposed rules, please refer to the CIRO website. If you have any questions on how the proposed changes may impact you, please reach out to proficiency@ciro.ca. 

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FAQs

What is an assessment-centric proficiency model?

An assessment-centric proficiency model is a system designed to evaluate skills and performance, typically through tests or assessments. For more information on CIRO’s proposed rules, please refer to the CIRO website.

When will CIRO offer their new licensing examinations?

The CIRO will offer new examinations as of January 1st, 2026.

How will the new CIRO regulations impact my current licensing courses?

For more information on CIRO’s proposed rules and how they impact licensing courses, please refer to the CIRO website. If you have any questions on how the proposed changes may impact you, please reach out to proficiency@ciro.ca.

Will my completed or in-progress credentials still be recognized under the new CIRO regulations?

For more information on CIRO’s proposed rules and how they impact licensing requirements, please refer to the CIRO website. If you have any questions on how the proposed changes may impact you, please reach out to proficiency@ciro.ca.

Do I need to take any additional courses or exams to comply with the new CIRO requirements?

For more information on CIRO’s proposed rules and how they impact licensing requirements, please refer to the CIRO website. If you have any questions on how the proposed changes may impact you, please reach out to proficiency@ciro.ca.

How will the new CIRO regulations impact my PFP®, CIWM or FCSI® designations?

CSI designations are not impacted by the CIRO changes. Courses that led to these designations will continue to be offered and recognized by CSI.

How will the new CIRO regulations impact my CIM® designation?

For more information on CIRO’s proposed rules and how they impact licensing requirements, please refer to the CIRO website. If you have any questions on how the proposed changes may impact you, please reach out to proficiency@ciro.ca.

Where can I get further support?

The Canadian Investment Regulatory Organization (CIRO) has proposed changes to its proficiency rules including changes to the current mandatory courses offered by the Canadian Securities Institute (CSI). Under these proposed rules, subject to approval by the Canadian Securities Administrators (CSA), CIRO will be moving towards an assessment centric proficiency model for Approved Persons of Investment Dealers. Given the rules are proposed and not final, CIRO maintains the most up to date information and provides responses to questions on the proposed changes. Please visit the CIRO website or reach out at proficiency@ciro.ca.