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CSI will be performing system maintenance on Saturday May 11th from 5 a.m. until 1 p.m. ET. You will not have access to your “myCSI” student account, nor will you be able to book, cancel or reschedule exams during this time. You can still access your online course materials by visiting connect.csi.ca then connecting to “Blackboard Learn”.

What is the course syllabus?

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Lesson 1: Overview of KYC and Suitability

Topics covered in this chapter are:

  • Introduction
  • Overview of KYC and Suitability
    • Interplay Between KYC, KYP, and Suitability
  • Regulatory Developments
    • Client Focused Reforms (CFRs)
    • Summary of Key KYC and Suitability Amendments
    • CIRO and CIRO Harmonization with the CFRs
  • Exemptions from KYC and Suitability Requirements
  • Summary

Lesson 2: The Know Your Client Rule

Topics covered in this chapter are:

  • Introduction
  • General Backgrounder
  • Client’s Personal Circumstances
  • Client’s Financial Circumstances
    • Liquidity Needs
    • Client’s Financial Assets and Net Worth
    • Leverage to Finance the Purchase of Securities
  • Client’s Investment Needs and Objectives
  • Client’s Investment Knowledge
  • Client’s Risk Profile
    • Risk Capacity
    • Emotional Considerations for Determining a Risk Profile (Risk Tolerance)
    • Resolving conflicts between a client’s expectations and risk profile
  • Client’s Investment Time Horizon
  • Client Confirmation and Updating KYC Information
  • Tailoring the KYC Process
  • KYC for Multiple Accounts

Lesson 3: Suitability Determination

Topics covered in this chapter are:

  • Introduction
  • Suitability Considerations
    • Concentration and Liquidity
    • Impact of Costs
    • Reasonable Range of Alternatives
    • Client’s best interest
  • Account Type Suitability
  • Other Conditions That Trigger Suitability
  • Client Directed Trades
  • Ongoing Management of Client Accounts
    • Periodic Reviews
    • Client Instructions and Liquidations
    • Unavailable Accounts and Services
  • Portfolio Approach to Suitability
  • Vulnerable Clients
  • Delegation of Suitability Responsibility
  • Preventing and Dealing with Unsuitable Investments
    • Supplemental Information
  • Summary

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