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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.

All About Exams EXAM FAQS

Hours of Study: 60 – 75 Hours

Enrolment Period: 1 Year

What is the IDSC exam weighting?

Exam Topics Weightings
Supervision Requirements and Skills 19%
Rules, Responsibilities, and Risk Management 24%
Account Opening and Documentation 20%
Supervision and Client Accounts 22%
Complaint Handling and the Consequences of Noncompliance 15%

What is the IDSC exam structure?

Structure Information
Exams 1
Exam Format Proctored (remote or in-person at a test centre)
Exam Duration 2 Hours
Question Format Multiple-choice
Questions Per Exam 75
Attempts Allowed Per Exam 3
Passing Grade 60%
Assignments None

What Continuing Education (CE) credits will you earn?

AccreditationCredits
CIRO-ID Compliance10
CSF General Subjects 10
CSF Compliance 10
CIRO-ID Professional Development20
MTI12
PFP Compliance5
CIWM Professional development15
PFP Professional development25
CIM Compliance10
CIM Professional development40
CIWM Compliance3
CFP Practice Management5
QAFP Practice Management5
CFP Product Knowledge 5
QAFP Product Knowledge 5
ADVOCIS Structured Learning CE30

View CE credits for all CSI courses and all associations.

While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the chart may be subject to change.