MAINTENANCE REQUIREMENTS

To represent yourself an as active CIM® in good standing - and to uphold the prestige of your letters - you must renew your designation annually.

All CIM®s must renew their designation by their anniversary date (the date the designation was originally granted). You will receive reminders 4 weeks and 1 week prior to your deadline.

You must meet the following maintenance requirements:

  1. Continuing Education

    The world we work and live in is constantly evolving. As a financial advisor and portfolio manager it is critical that you commit to lifelong learning and have a handle on the trends and issues that affect your industry - and, most importantly, your clients.

    The CE cycle and hours of CE required for a CIM® holder have been aligned to the IIROC requirements. However, CE content requirements for the CIM® designation holder must align with the CIM® competency profile and CE guidelines as posted by CSI.

    Beginning January 1, 2018, CE is to be completed based upon a 2-year cycle beginning January 1, 2018 and ending December 31, 2019. CIM® holders are required to complete 20 hours in professional development and 10 hours in compliance during this cycle.

    For the previous cycle, a CIM® was required to earn 42 CE hours (30 hours of Professional Development and 12 hours of Compliance) every 3 years. This 3-year CE cycle began January 1, 2015 and ended December 31, 2017.

    A CIM® holder’s CE requirements begin on the cycle following the cycle where the CIM® designation was obtained. For example if you are granted your CIM® designation in June 2018 you will only be subject to CE requirements in the next cycle which begins January 1, 2020 and may be subject to an audit beginning January 1, 2022.

    For further information on the changes to the CIM® CE requirements to align with IIROC please refer to this document


    General Requirements

    CE content must fall within the CIM® Professional Competency Profile  and knowledge associated with the CIM® designation. Examples of knowledge areas are:

    • Regulation
    • Ethics
    • Standards of practice
    • Sales and marketing
    • Client discovery and interaction
    • Analysis of environment
    • Asset allocation and investing styles
    • Security selection
    • Derivatives
    • Managed product selection
    • Alternative investment selection
    • Structured product selection
    • Investment Policy Statement (IPS)
    • Implementing the IPS
    • Portfolio construction
    • Portfolio monitoring, measuring and rebalancing
    • Rebalancing
    • Portfolio reporting

    CE Tools & Resources


  2. Qualifying Activity Providers
    Courses can be taken from CSI or other external providers (e.g., community colleges, universities, other professional education providers or in-house at your employer). It is up to you/your employer to determine if a course meets CSI’s CIM® CE Course Guidelines.

    Activity & Hours Tracking
    Make sure you retain supporting documents to confirm completion of CE credits. Each year, a percentage of CIM®s will be audited to verify the CE hours claimed on their designation renewal applications.
  1. Code of Ethics

    CIM®s must re-commit to the CIM® Code of Ethics each year.

  1. Trademark

    To continue using the CIM® trademarks in your own marketing, CIM®s must re-commit to the Certification Mark Licence Agreement each year.

  1. Licence

    CIM®s are required to pay a non-refundable licence fee of $275 each year. The licence fee goes towards your trademark rights, benefits from CSI and promotion of the value of your designation to the industry and the investing public.

If You Do Not Renew

Designation holders who do not renew will be deemed to be “not in good standing.” You will receive a letter stating that you are no longer eligible to use the CIM® trademarks. If you continue to use the trademarks, then legal action may be taken.

You will also be removed from the CIM® Directory.

Reinstatement Policy

If you are late with your renewal, but not past 12 months of your renewal date, you will be required to pay a late fee of $50 in addition to standard annual licence fee.

If you have not renewed within 12 months of your license renewal date, you will be required to pay a late fee of $50, a reinstatement fee of $275 and the standard annual licence renewal fee of $275. You will also be asked to prove completion of your CE requirements for all the cycles of non-renewal. This will require you to submit transcripts showing course completion dates as well as course outlines.

CIM®s are given the opportunity to reactivate their licence after a lapse of up to 5 years. If your designation has lapsed for more than 5 years, you will be required to re-take and successfully complete the Portfolio Management Techniques course and meet the work experience requirement.