Since January 1, 2026, CIRO runs its own proficiency exams for investment dealer representatives. You must be sponsored by a CIRO dealer.
| Detail | Source | |
|---|---|---|
| Regulator · Url | Official page | source |
| Noc | 11103 Securities agents, investment dealers and brokers; 63102 Financial sales representatives | source |
| Mutual fund rep | Pass the CSC or IFC exam (or another exam listed in NI 31-103) within 36 months before applying | source |
| Investment dealer rep | From January 1, 2026: CIRO exams (e.g. Retail RR needs CIRE + Retail Securities Exam) plus education/experience; no mandatory prep course; Conduct Training after approval; must be sponsored by a CIRO investment dealer | source |
| Exam fees | CIRO exam: $475 first attempt in an enrolment period (up to 12 months, up to 3 attempts); $300 for each 2nd and 3rd attempt; 6-month cooling-off after 3 fails in 6 months. CIRO does not publish the pass mark | source |
| Transition | CSI courses may still be recognized if enrolled before Jan 1, 2026, course and exam completed before Jan 1, 2027, and the sponsoring dealer applies before Jan 1, 2027 | source |
| Course providers 1 | IFC and CSC: Canadian Securities Institute (CSI) | source |
| Course fees | CSI course fees: check CSI | |
| Continuing education | CIRO harmonized CE program (phase 1 amendments) Credit details not extracted | source |
| Sponsor | Must be sponsored by a CIRO Investment Dealer to apply as an Approved Person (mutual fund dealer reps: requirements under NI 31-103; ask the dealer) | source |
| Pay | Securities agents, investment dealers and brokers (NOC 11103), B.C.: low $30.00/h, median $38.46/h, high $69.71/h; annual earnings $70,086 (B.C. LMI Office, 2025 Job Bank wage data) | source |
| Funding 1 | WorkBC Centres: free employment services; may fund training if needed to get a job (eligibility assessed by the centre) | source |
| Funding 2 | B.C. Employer Training Grant (employer-applied): 80% of training costs up to $10,000 per participant | source |
| Funding 3 | not published No regulator-specific bursary found on regulator pages (checked in earlier builds) |
| School and city | Program and approval | Length | Intakes | Cost | Link |
|---|---|---|---|---|---|
| Canadian Securities Institute Online · Private | Investment Funds in Canada (IFC) / Canadian Securities Course (CSC) Named in NI 31-103 proficiency for mutual fund reps source | Price not published, ask provider | Price not published, ask provider | Price not published, ask provider | Program page |
We could not confirm these on an official page, so we left them out: Registration.
From January 1, 2026, CIRO runs its own exams. A retail representative needs the CIRE and the Retail Securities Exam, plus education or experience. There is no mandatory prep course.
CIRO says CSI courses started before January 1, 2026 may still qualify if you finish before January 1, 2027 and your dealer applies before then.
$475 for the first attempt in a 12-month period and $300 for the second and third. After three fails there is a 6-month wait.
Mutual fund representatives qualify under National Instrument 31-103, for example with the CSC or IFC exam, and must be sponsored by a registered mutual fund dealer.
This page relies on the official pages below. Rules, fees and processes change, so check the authority before you apply or spend money.
Links checked November 1, 2026. Found an error or a broken link? Report it.