Rule amendments — Request for comments– Proposal to harmonize CIRO Continuing Education Programs – Phase 2

The Canadian Investment Regulatory Organization (CIRO) is publishing for a 90 day comment period the second phase of proposals to finalize harmonization of continuing education (CE) program requirements under the Investment Dealer and Partially Consolidated (IDPC) Rules and the Mutual Fund Dealer (MFD) Rules (Phase 2).

The objective of the Phase 2 proposals is to finalize harmonization of CIRO CE program requirements that apply to:

• CE credit requirements
• Approved Persons subject to CE requirements
• Definitions and vocabulary
• Automatic suspension and reinstatement for CE non-compliance
• Cycles
• Proration
• Leaves of absence
• Exemptions
• Mandatory accreditation assessments
• CE activities with an examination
• Express prohibition on carry forwards
• CE reporting for terminated individuals
• Compliance manual training
• Legacy exemptions
• Mandatory Conduct Training used for CE