Canada’s brokerage industry regulator is pondering an overhaul of the course and exam requirements for people working in the financial sector, launching a review that could lead to a break up of the educational monopoly of the Canadian Securities Institute.
The Investment Industry Regulatory Organization of Canada (IIROC), which regulates brokerage and investment firms, has asked for public comments on whether it should consider changing how it conducts education and exams to license workers in the industry.
The review comes 18 months before IIROC’s current 10-year contract with the Canadian Securities Institute (CSI) is set to expire. If changes are adopted, it would mark a historic break from decades of close ties with CSI, which IIROC’s predecessor organization created 44 years ago in partnership with Canada’s stock exchanges to provide training courses and administer tests for financial industry participants.
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Janet Mcfarland – Globe And Mail – July 17, 2014.
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