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What is the new proficiency model introduced by CIRO? 

As of January 1, 2026, new proficiency rules will be implemented for Approved Persons of Investment Dealers regulated by the Canadian Investment Regulatory Organization (CIRO). The new rules will include changes to the current requirement for mandatory courses offered by the Canadian Securities Institute (CSI). Under the new rules, CIRO will be moving towards an assessment centric proficiency model for Approved Persons of Investment Dealers.

If you are currently enrolled in, or are planning to enrol in, any of the mandatory courses, please note that course extensions will only be granted up to December 31, 2026. No extensions will be available beyond this date.

For more information on CIRO’s new Proficiency Rules, please visit the CIRO website. If you have any questions on how the changes may impact you, please reach out to [email protected].

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FAQs

What is an assessment-centric proficiency model?

An assessment-centric proficiency model is a system designed to evaluate skills and performance, typically through tests or assessments. For more information on CIRO’s rules, please refer to the CIRO website.

When will CIRO offer their new licensing examinations?

CIRO will offer new examinations as of January 1st, 2026.

How will the new CIRO regulations impact my current licensing courses?

The new rules will include changes to the current requirement for mandatory courses offered by the Canadian Securities Institute (CSI). Under the new rules, CIRO will be moving towards an assessment centric proficiency model for Approved Persons of Investment Dealers. If you are currently enrolled in, or are planning to enrol in, any of the mandatory courses, please note that course extensions will only be granted up to December 31, 2026. No extensions will be available beyond this date.

For more information on CIRO’s new Proficiency Rules, please visit the CIRO website. If you have any questions on how the changes may impact you, please reach out to [email protected].

Will my completed or in-progress credentials still be recognized under the new CIRO regulations?

The new rules will include changes to the current requirement for mandatory courses offered by the Canadian Securities Institute (CSI). Under the new rules, CIRO will be moving towards an assessment centric proficiency model for Approved Persons of Investment Dealers. If you are currently enrolled in, or are planning to enrol in, any of the mandatory courses, please note that course extensions will only be granted up to December 31, 2026. No extensions will be available beyond this date.

For more information on CIRO’s new Proficiency Rules, please visit the CIRO website. If you have any questions on how the changes may impact you, please reach out to [email protected].

Do I need to take any additional courses or exams to comply with the new CIRO requirements?

The new rules will include changes to the current requirement for mandatory courses offered by the Canadian Securities Institute (CSI). If you are currently enrolled in, or are planning to enrol in, any of the mandatory courses, please note that course extensions will only be granted up to December 31, 2026. No extensions will be available beyond this date.

For more information on CIRO’s new Proficiency Rules, please visit the CIRO website. If you have any questions on how the changes may impact you, please reach out to [email protected].

How will the new CIRO regulations impact my PFP®, CIWM or FCSI® designations?

CSI designations are not impacted by the CIRO changes. Courses that led to these designations will continue to be offered and recognized by CSI.

How will the new CIRO regulations impact my CIM® designation?

For more information on CIRO’s rules and how they impact licensing requirements, please refer to the CIRO website. If you have any questions on how the proposed changes may impact you, please reach out to [email protected].

Where can I get further support?

The new rules will include changes to the current requirement for mandatory courses offered by the Canadian Securities Institute (CSI). Under the new rules, CIRO will be moving towards an assessment centric proficiency model for Approved Persons of Investment Dealers. CIRO maintains the most up to date information and provides responses to questions on the changes. Please visit the CIRO website or reach out at [email protected].