Hours of study: 95 – 135 Hours

Enrolment Period: 1 Year

What is the DFOL exam weighting?

Exam Topics Weightings
An Overview of Derivatives 3%
Futures Contracts 11%
Exchange Traded Options 14%
Swaps 7%
How Investment Funds and Structured Products Use Derivatives 6%
A Review of the Risk and Reward Profiles of Common Option Strategies 16%
Opening and Maintaining Option Accounts 25%
The Role of Clearing Corporations and Exchanges in Listed Options Trading 10%
Contract Adjustments and Special Considerations and Risks of Non-Equity Options 8%

What is the DFOL exam structure?

Structure Information
Exams 1
Exam Format Proctored (remote or in-person at a test centre)
Exam Duration 3 hours
Question Format Multiple Choice
Questions Per Exam 100*
Attempts Allowed Per Exam 3
Passing Grade 60%
Assignments None

* If you enrolled before December 6, 2023, your DFOL exam will consist of 110 questions.

What Continuing Education (CE) credits will you earn?

CSF General Subjects 10
CSF Mutual Funds10
CSF Compliance 10
CIRO-ID Professional Development20
CIRO-MF Professional Development20
CIWM Professional development15
PFP Professional development30
CIM Professional development40
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.

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