Podcast
Questions and Answers
What happens if an individual disagrees with a recommendation related to a registration decision?
What happens if an individual disagrees with a recommendation related to a registration decision?
- They have the right to request a re-evaluation of the decision
- They have the right to request a different regulator for the decision
- They have the right to appeal the decision (correct)
- They have the right to request exemption from the decision
What will an individual who is currently approved as a Registered Representative dealing in mutual funds only with an investment dealer be required to do within 270 days?
What will an individual who is currently approved as a Registered Representative dealing in mutual funds only with an investment dealer be required to do within 270 days?
- Complete the Canadian Securities Course (CSC)
- Complete a 90-day training program
- Complete both the CSC and CPH (correct)
- Complete the Conduct and Practices Handbook Course (CPH)
Will there be a change to the registration/approval process for individual dealing representatives and approved persons at dual-registered firms?
Will there be a change to the registration/approval process for individual dealing representatives and approved persons at dual-registered firms?
- No, there will be no changes at all
- The text does not provide this information (correct)
- There will be minor procedural changes
- Yes, there will be significant changes
If an individual remains with an investment dealer that is only an investment dealer, what is the timeframe for upgrading to Registered Representative or Investment Representative?
If an individual remains with an investment dealer that is only an investment dealer, what is the timeframe for upgrading to Registered Representative or Investment Representative?
For a firm that becomes dual-registered, what is the new approval category for Registered Representatives?
For a firm that becomes dual-registered, what is the new approval category for Registered Representatives?
Does a previously registered dealing representative with an MFDA member firm need to complete additional courses under the interim rules?
Does a previously registered dealing representative with an MFDA member firm need to complete additional courses under the interim rules?
For a person formerly approved as a “Supervisor over Approved Persons” with an IIROC member firm, are additional courses required to supervise individuals in the new category of 'Registered Representatives dealing in mutual funds only'?
For a person formerly approved as a “Supervisor over Approved Persons” with an IIROC member firm, are additional courses required to supervise individuals in the new category of 'Registered Representatives dealing in mutual funds only'?
As a branch manager with a former MFDA member firm, do you need to be approved as a Supervisor under the interim rules in relation to activities of individuals approved to deal in mutual funds only?
As a branch manager with a former MFDA member firm, do you need to be approved as a Supervisor under the interim rules in relation to activities of individuals approved to deal in mutual funds only?
What additional information must a dual-registered firm provide to CIRO for approval?
What additional information must a dual-registered firm provide to CIRO for approval?
Which role(s) must be filled by individual(s) in a mutual fund dealer seeking dual-registration?
Which role(s) must be filled by individual(s) in a mutual fund dealer seeking dual-registration?
What evidence is required to demonstrate a mutual fund dealer's compliance with new investment dealer requirements under CIRO rules?
What evidence is required to demonstrate a mutual fund dealer's compliance with new investment dealer requirements under CIRO rules?
What are the minimum capital requirements that a mutual fund dealer must demonstrate compliance with for dual-registration?
What are the minimum capital requirements that a mutual fund dealer must demonstrate compliance with for dual-registration?
In addition to the minimum capital requirements, what else must a mutual fund dealer show evidence of in order to meet CIRO rules for dual-registration?
In addition to the minimum capital requirements, what else must a mutual fund dealer show evidence of in order to meet CIRO rules for dual-registration?
Which type of arrangements must be disclosed by a dual-registered firm to CIRO?
Which type of arrangements must be disclosed by a dual-registered firm to CIRO?
Under the interim rules, when would a firm need to file for exemptive relief with CIRO and CSA?
Under the interim rules, when would a firm need to file for exemptive relief with CIRO and CSA?
If a Registered Representative was permitted to trade in exchange-traded funds or exempt market products before the interim rules took effect, what is the implication under the interim rules?
If a Registered Representative was permitted to trade in exchange-traded funds or exempt market products before the interim rules took effect, what is the implication under the interim rules?
What proficiencies does a Registered Representative dealing in mutual funds only need to meet in order to be able to trade in exchange-traded funds or exempt market products?
What proficiencies does a Registered Representative dealing in mutual funds only need to meet in order to be able to trade in exchange-traded funds or exempt market products?
Will the continuing education requirements change for a Registered Representative dealing in mutual funds only employed by a dual-registered firm?
Will the continuing education requirements change for a Registered Representative dealing in mutual funds only employed by a dual-registered firm?
