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 Know Your Client 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
  • 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
    • Annual Income
    • Liquidity Needs
    • Client’s Financial Assets and Net Worth
    • Use of 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
  • Summary

Lesson 3: Suitability Determination

Topics covered in this chapter are:

  • Introduction
  • Suitability Considerations
    • Concentration and Liquidity Considerations
    • Impact of Costs
    • Reasonable Range of Alternatives
    • Client’s Interest First
  • Account Type Suitability or Appropriateness
  • Other Conditions That Trigger Suitability
  • Client- Directed Trades and Receiving Unsolicited Orders
  • Ongoing Management of Client Accounts
    • Periodic Reviews of Client Accounts
    • Client Instructions and Liquidations of Securities
    • Unavailable Accounts and Services
  • Portfolio Approach to Suitability
  • Vulnerable Clients
  • Delegation of Suitability Responsibility and Registrable Activities
  • Preventing and Dealing with Unsuitable Investments
    • Importance of Supplemental Information
  • Consequences of Noncompliance
    • Disciplinary case
  • Summary