As part of its ongoing efforts to enhance reps’ proficiency, the Investment Industry Regulatory Organization of Canada (IIROC) is proposing a set of revisions to its continuing education (CE) program.

In a notice published Thursday, IIROC set out a series of proposed changes to its CE program that aim to address feedback it has received since adopting a new CE regime in January 2018.

The self-regulatory organization said the proposed changes are also designed to continue its efforts at modernizing and simplifying its CE program and to clarify its expectations in certain areas.

Among other moves, IIROC is eliminating a provision that allows reps to use the Canadian Securities Course (CSC) and the Conduct and Practices Handbook Course (CPH) to satisfy their CE requirements.

“In both the CE rules and in accompanying guidance, we have clarified that the goal of continuing education is to enhance and further develop an individual’s baseline licensing proficiencies,” it said.

IIROC also is introducing a late filing fee for dealers.

“A growing number of dealers do not update the CE reporting system with this information within the required timelines,” IIROC said. “This limits our ability to enforce the requirements of our CE program.”

IIROC also is proposing to broaden the types of compliance courses that qualify for CE when offered by a foreign securities dealer or a foreign course provider.

IIROC is aiming to implement the revisions for the start of its next CE cycle, which begins Jan. 1, 2020.

The proposals are out for comment until Aug. 26.