The Investment Dealers Association of Canada reports that the Ontario Securities Commission will only be imposing post-licensing education requirements on retail salespeople.

The IDA says that the OSC has advised it that registered representatives (non-retail) and non-retail registered representative options (non-retail) will no longer be required to complete the Professional Financial Planning Course or the Investment Management Techniques course.

This new administrative policy will be in line with the post licensing requirements of the IDA’s Policy 6, which imposes this post-licensing requirement on retail sales staff only.

This change will be retroactively applied to individuals currently registered on a non-retail basis in Ontario.