Element 1.6: Remember the function and purpose of the Canadian Investor Protection Fund (CIPF)

Element 1.7: Remember the function and purpose of other investment industry regulators and agencies

Element 1.8: Remember the purpose and implications on the financial services of

Element 1.9: Remember the purpose and implications of the criminal code and its application to financial crime

Element 1.10: Understand the purpose and implications of the Proceeds of Crime (Money Laundering) and Terrorism Financing Act (PCMLTFA) and Regulations (PCMLTF Regulations)

Element 1.11: Remember the purpose and implications of other applicable laws

Element 1: Glossary Matching Game

Element 1: Printable Study Guide

Summary

Element 2.1: Understand the client relationship model

Element 2.2: Remember the CIRO rules and requirements for clients to qualify as an institutional client

Element 2.3: Understand the difference between a retail client and an institutional client

Element 2.4: Understand who is exempt under National Instrument 45-106

Element 2.5: Understand the Investment Dealer onboarding process

Element 2.6: Remember the retail client information that is to be collected

Element 2.7: Understand how an Investment Dealer would identify and document the role of third parties and other professionals in the client’s life

Element 2.8: Understand the role of cost in product selection

Element 2.9: Understand the potential impact of fees, turnover and taxes on the client’s investment returns

Element 2.10: Remember the required documents in the account agreement and Firm Welcome package

Element 2.11: Understand the requirements for documenting, filing and maintaining client records

Element 2: Glossary Matching Game

Element 2: Printable Study Guide

Summary

Element 3.1: Understand the role of the Registered Representative in providing client service

Element 3.2: Understand the role of the Investment Representative in providing client service

Element 3.3: Understand the concepts of trust, agency and fiduciary duty and when relevant

Element 3.4: Understand the purpose and content of the relationship disclosure

Element 3.5: Remember the typical services provided by retail Investment Dealer

Element 3.6: Remember the typical services provided by institutional Investment Dealers

Element 3.7: Understand the applicability of account appropriateness obligation

Element 3.8: Understand the applicability of product due diligence obligation

Element 3.9: Understand the applicability of know-your-product (KYP) obligation to understand all investments purchased, sold or recommended for a client

Element 3.10: Understand the difference between account appropriateness and account suitability determination

Element 3.11: Understand the applicability of client suitability determination requirements for retail clients

Element 3.12: Understand the applicability of assessment of an institutional client’s sophistication level and applicability of suitability exemptions

Element 3.13: Remember the exemptions from suitability determination requirements

Element 3.14: Remember why internal escalation procedures to subject matter experts may be required

Element 3.15: Remember systematic approaches to investment management and clients’ investment strategies

Element 3.16: Understand the use of relevant investment performance benchmarks

Element 3.17: Remember the procedures and requirements for working with clients residing in the United States and other foreign jurisdictions as applicable

Element 3: Glossary Matching Game Part 1

Element 3: Glossary Matching Game Part 2

Element 3: Printable Study Guide

Summary

Element 4.1: Remember the role of the CIRO, and provincial regulators in the complaints handling framework

Element 4.1

Element 4.2 Understand the recourse available to a dissatisfied client, including OBSI, litigation and CIRO’s arbitration program

Element 4.3 Understand potential issues with clients that could lead to liability and the potential consequences

Element 4.4 Understand the Investment Dealer’s obligations to report complaints and the penalties for failure to report

Element 4.5 Understand the Investment Dealer’s obligations to clients, including legislative, contractual and other applicable laws (organizational)

Element 4.6 Remember the regulatory requirement for Investment Dealer policies and procedures on reporting, dealing with and maintaining records of client complaints for retail and institutional clients

Element 4.7 Understand prohibited practices for entering into settlement agreements with clients

Element 4: Glossary Matching Game

Element 4: Printable Study Guide

Summary

Element 5.1: Remember the basic economic theories

Element 5.2: Understand the factors that influence the macroeconomy

Element 5.3: Remember sources of information and economic indicators used to analyze

Element 5.4: Remember the basics of how macroeconomic factors affect the financial markets

Element 5.5: Remember how to analyze industry performance

Element 5.6: Remember the tools used to analyze company performance and what they show

Element 5.7: Understand the purpose and implications of rules relating to companies

Element 5.8: Remember the basic market theories in relation to stock market behaviour

Element 5.9: Remember the purpose of tools, technical reports and other relevant sources of information in technical/statistical analysis

Element 5: Glossary Matching Game

Element 5: Printable Study Guide

Summary

6.3 Apply the regulatory requirements applicable to gatekeeping in relation to manipulative and deceptive practices, specific unacceptable activities and front running

6.4 Remember the basic function and purpose of

6.5 Understand the process of entering orders, and the settlement and delivery process that follows

6.6 Understand the features of different types of orders

6.7 Understand processes for handling order variations, cancellations and corrections

6.8 Understand Investment Dealer requirements to confirm orders with clients, including fees and commissions

6.9 Remember features of various types of account

6.10 Remember the margin requirements

6.11 Remember the need for a specialized trading agreement with the client for derivative accounts

6.12 Remember applicable reporting obligations to firms and regulators

Element 6.1: Understand the Universal Market Integrity Rules (UMIR) covering

Element 6.2: Understand UMIR gatekeeping obligations

6.3

6.4

Summary

7.1 Understand the types of asset classes generally sold by and traded at an Investment Dealer

7.2 Understand the types and features, and risks and returns of equities

7.3 Understand the main consideration affecting a shareholder or potential shareholder

7.4 Understand the types and features, and risks and returns of fixed income securities and products

7.5 Understand the main considerations affecting a holder, or potential holder, of fixed income securities

7.6 Understand the purpose and uses of market indices

7.7 Understand the types of pooled products

7.8 Understand the features, risks and returns of managed products

7.9 Understand the main considerations affecting an investor, or potential investor in managed products

7.10 Understand the main considerations affecting an investor, or potential investor in mutual funds

7.11 Understand the main considerations affecting an investor, or potential investor in exchange-traded funds (ETFs)

7.12 Remember the types, features, risks, returns, advantages, disadvantages, costs, and product disclosure requirements of the following other investments

Summary

8.1 Remember the main features of options contract types

8.2 Remember the main features of other types of derivative contract types

8.3 Remember the basic uses of derivatives

8.4 Remember the basic transactional elements of futures and options

8.5 Remember differences between listed and over-the-counter derivative markets

8.6 Remember the single and multi-legged strategies for trading futures, options and similar derivative contracts

8.7 Remember the administrative requirements of derivative trading with clients

8.8 Remember prohibited derivative trading practices

Summary

9.1 Understand the importance of an Investment Dealer managing conflicts of interest

9.2 Understand the process of conflicts of interest management

9.3 Understand an Investment Dealer’s ethical and legal responsibilities to clients

9.4 Understand importance of ethics and how it relates to rules

9.5 Understand the importance of ethical principles and standards of conduct for Approved Persons and Investment Dealers

9.6 Understand CIRO and other ethical standards of conduct

9.7 Understand types of inappropriate or prohibited personal financial dealings with clients

9.8 Remember the requirements of employees and Approved Persons in respect of positions of influence

9.9 Apply the requirements governing an Approved Person’s activities outside an Investment Dealer

9.10 Remember the requirements for Investment Dealers to have policies and procedures for maintaining client confidentiality

9.11 Understand the purpose and methods of controlling information

9.12 Understand the role of cybersecurity in the containment of confidential information