IIROC ends CSI monopoly

By Staff | September 22, 2015 | Last updated on September 22, 2015
1 min read

The Canadian Securities Institute’s (CSI) monopoly on proficiency services for IIROC licensure has come to an end.

Read: CSI’s contract expiry provokes heated industry reaction

In advance of CSI’s contract expiry in January 2016, IIROC conducted an in-depth review and public consultation on its proficiency model.

IIROC has decided to adopt a competitive single-provider model, where a single provider will be selected for a basket of regulatory courses for terms of five years and the contract will be awarded through a transparent and competitive procurement process.

But CSI gets dibs on round one: IIROC has retained CSI to provide regulatory courses for an initial five-year term.

Under the new model, IIROC will be setting and publishing competency standards.

Also read:

Mystery shopping catches some advisors off-guard

MFDA reps will need training before selling ETFs

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.