The Investment Dealers Associated of Canada has issued new guidelines for the 90-day training program that registered representatives are required to complete.
The new guidelines provide suggested sub-topics, which reflect changing industry trends, practices and products. The overall length of the program and time allocated to the major themes have not changed.
The updated guidelines were compiled by the basic proficiency subcommittee of the IDA’s Education and Proficiency Committee. The subcommittee carried out a review of the 90-day program requirement, the IDA says. It also created a working group composed of more than 20 practitioners from several member firms and staff of the Canadian Securities Institute. The guideline revisions were based on input from the working group.
Firms are responsible for overseeing and administering the 90-day program and ensuring that their reps have completed the program. The CSI offers an optional on-line program that incorporates the new guidelines.