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ARTICLE · 11 JULY 2025

Next Wave Of CIRO Proficiency Requirements

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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Borden Ladner Gervais LLP

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The Canadian Investment Regulatory Organization (CIRO) is shifting from a course centric proficiency model with exams tied to courses, to an assessment centric model with mandatory continuous education and training.

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The Canadian Investment Regulatory Organization (CIRO) is shifting from a course centric proficiency model with exams tied to courses, to an assessment centric model with mandatory continuous education and training. On April 17, 2025, it was announced that the members of the CSA have approved amendments to Rules 2500 to 2800 of CIRO's IDPC Rules to establish this model, to be effective as of January 1, 2026.

The amendments repeal the current mandated course-based provisions and replace them with new exam-based provisions. New relevant baseline education and experience provisions for some Approved Person categories have been added, along with new provisions related to conduct training which will be provided by CIRO. Current training provisions will be repealed and replaced with others to better align with CIRO's proficiency principle and competency profiles, including new mandated annual continuing education training specifically prescribed by CIRO. New transitional

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