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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.

About

The Derivatives Fundamentals Course (DFC®) introduces you to the complex world of forwards, futures, swaps and options. Learn about the derivatives market from both a risk management and a trading perspective and jumpstart your career in this exciting market. Completing this course will enable you to:

  • Earn your Futures and/or Options License: The DFC® plus the Options Licensing Course and/or the Futures Licensing Course satisfies a major proficiency requirement to become licensed to sell exchange-traded options and futures. You may also take the Derivatives Fundamentals and Options Licensing (DFOL) course as a substitute for completing the DFC and OLC to gain your options license.
  • Qualify to sell Managed Futures Funds (Commodity Pools): The DFC® fulfills the provincial securities commissions proficiency requirements for mutual funds representatives interested in selling Managed Future Funds.
  • Register as a Commodity Trading Advisor or Commodity Counsel or a Commodity Trading Manager: Contract for Differences can be sold to investors in Canada. To do so you must be employed by a CIRO dealer member and successfully complete the FLC and DFC courses as well as hold a license as a Registered Representative.

What skills will you develop?

The DFC® provides a general understanding of derivatives, such as forwards, futures, swaps and options, and their use by investors and corporations.

Who should enrol?

Enrol in the DFC® if you’re:

  • Interested in obtaining a license to sell derivatives
  • Seeking general derivatives knowledge
  • Working towards your Certificate in Derivatives Market Strategies

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