Consultation Paper (Phase III) — Competency Profiles for Supervisors, Traders, Associate Portfolio Managers and Portfolio Managers

Introduction

The Investment Industry Regulatory Organization of Canada (IIROC) is in the process of developing and publishing competency profiles for all IIROC approval categories.1  Last year, we published competency profiles for our Director, Executive, Ultimate Designated Person (UDP), Chief Compliance Officer (CCO) and Chief Financial Officer (CFO) categories.2  In 2020, we published for comment the first phase of this project, which involved the development of competency profiles for our Registered Representative (RR) and Investment Representative (IR) categories.3

The third phase of this project is the publication of competency profiles for Supervisors, Traders, Associate Portfolio Managers (APMs), Portfolio Managers (PMs).4

We are publishing this Consultation Paper to solicit feedback on our proposed competency profiles for Supervisors, Traders, APMs, and PMs.

• 1The list of IIROC Approved Person categories is in IIROC Rule 1200
• 2IIROC Notice 21-0153 Consultation Paper (Phase II) - Competency Profiles for Directors, Executives, Ultimate Designated Persons, Chief Compliance Officers, and Chief Financial Officers | IIROC
• 3IIROC Notice 20-0174 Consultation Paper- Consultation Paper - Competency Profiles for Registered Representatives and Investment Representatives, Retail and Institutional | IIROC
• 4As defined in IIROC Rule 1200