Once a registrant is in a position to both know – and demonstrate that they know – their client, the registrant is then in a position to evaluate a particular investment opportunity as to whether it is suitable for the client in question. In addition to the Know Your Client and suitability obligations, registrants are also subject to an additional and critical obligation, which is to fundamentally understand the products that are being sold to clients. This obligation is often referred to as the Know Your Product (KYP) obligation or, alternatively, the obligation to remain aware of and complete sufficient due diligence on products that are being offered to clients for purchase or sale. Upon completion of the course, you will gain a solid understanding of how Know Your Client, suitability, and Know Your Product obligations are related.
Lesson 1 - Background on Know Your Product and Related Historical Issues
- Know Your Product
Lesson 2 - Applicable Industry Rules and Regulations
- IIROC Guidance
- CSA Guidance
- MFDA Guidance
- IOSCO Guidance
Lesson 3 - The Creation and Implementation of a Know Your Product and Product Due Diligence Approval Process
- Know Your Product and Due Diligence
- Asking the Right Questions
Lesson 4 - Practical Considerations
- Note taking
| Approximate Hours of Study** | |
|---|---|
| Hours of Study | 2.5 hours |
| QUIZ FORMAT | |
|---|---|
| Quiz Format | Online |
| Question Format | Multiple Choice |
| Questions Per Quiz | 20 |
| Passing Grade | 60%* |
| Attempts Allowed | Unlimited* |
| ENROLMENT PERIOD | |
|---|---|
| Enrolment Period | 6 months |
* IMPORTANT: There is no maximum to the number of quiz attempts permitted, but only the first passing grade (60% or over) will appear on official web transcript.
Continuing Education (CE) Credits
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National/Provincial (Excluding Quebec)
CE Chart
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