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Enhanced Suitability for IIROC Advisors

 

Course Outline

Lesson 1: What is Suitability (or the Suitability Rule?)

  • Define suitability
  • Identify regulatory and legal responsibilities governing suitability
  • Understand how suitability expectations have and continue to evolve
  • Differentiate between suitability responsibilities arising from solicited versus unsolicited orders
  • Describe the differences between suitability responsibilities and fiduciary obligations
  • Describe the importance of suitability as it relates to clients, the public, regulators, the courts and other interested parties

Lesson 2: Suitability and the Know Your Client Rule

  • Define the KYC Rule and describe how it relates to the ‘know your product’ and Suitability rules
  • Describe why KYC is not limited to suitability
  • Describe how suitability factors into account type and general investment determinations
  • Understand the regulatory and legal standards for collecting and updating KYC information

Lesson 3: How do General Suitability Requirements Align with Investment Objectives, Risk Tolerance, and Time Horizon

  • Identify key considerations when establishing a client’s investment objectives, risk tolerance and time horizon
  • Describe the regulatory requirements applicable to investment objectives, risk tolerance and time horizon
  • Understand the distinction between client and account level KYC information
  • List the various means to categorize and explain investment risk and related considerations
COURSE FORMAT
Course Format Online interactive content with online PDF text book.
Quiz Format Online
Question Format Multiple Choice
Questions Per Quiz 25
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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