Amid an ongoing review of its continuing education (CE) program, the Investment Industry Regulatory Organization of Canada (IIROC) on Friday issued new guidance that sets out how it expects its CE rules and requirements to be applied.
“Proficiency is a cornerstone of the IIROC regulatory scheme. High proficiency standards play a key role in investor protection and the integrity and efficiency of capital markets. IIROC’s goal is to create, maintain and promote high proficiency standards and a robust proficiency regime in the investment industry,” IIROC says in a notice outlining the guidance.
IIROC is reviewing its CE requirements to simplify and modernize a program that has only undergone minor changes since it was first adopted back in 2000.