How the CPH® Course Can Help You Become a Compliant and Successful Investment Advisor or Representative
- Who should take it: The target audience and the benefits of taking the course. - How to enrol: The steps and requirements for enrolling in the course. H2: What will you learn in the CPH? - Section 1: Standards of Conduct in the Securities Industry. - Section 2: Dealing with Clients in the Securities Industry. - Section 3: Handling Client Accounts. - Section 4: Special Transactions and Products. - Section 5: Case Studies and Practical Applications. H2: How will you study for the CPH? - Study tools: The online learning system, textbook, post-chapter review questions, course updates, discussion forums and academic support. - Study tips: The recommended study hours, study plan, exam preparation and exam format. H2: How will you complete the CPH? - Course completion: The notice of course completion, wall certificate, digital badge and honours certificate. - Continuing education: The requirements and benefits of maintaining your knowledge and skills after completing the course. H1: Conclusion - Summary: A recap of the main points and takeaways from the article. - Call to action: A prompt to enrol in the course or request more information. H2: FAQs - Five frequently asked questions and answers about the CPH. Table 2: Article with HTML formatting What is the Conduct and Practices Handbook Course (CPH)?
If you are a financial services professional who wants to stay compliant with the changing rules and regulations in the Canadian securities industry, you may want to consider taking the Conduct and Practices Handbook Course (CPH). This course will provide you with a clear and current understanding of the standards of conduct, ethics and practices that will guide you through your career as an investment advisor or representative.
Conduct and practices handbook course cph pdf free
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Who should take it?
The CPH is designed for anyone who is subject to meeting IIROC registration proficiency requirements that include this course. This includes individuals who want to become registered representatives or investment representatives of IIROC member firms, or who want to upgrade their registration category or license type.
But even if you are not required to take the CPH, you may still benefit from enrolling in this course if you want to broaden your knowledge of the regulations governing securities professionals in Canada. You will learn how to comply with regulatory requirements, demonstrate ethical practice and decision making, deal appropriately with clients and manage conflicts of interest.
How to enrol?
To enrol in the CPH, you need to visit the Canadian Securities Institute (CSI) website and follow these steps:
Select your preferred format of study: online or textbook.
Select your preferred language of study: English or French.
Select your preferred exam location: online or at a test centre.
Add the course to your cart and proceed to checkout.
Complete your payment and registration details.
Access your online learning system and start studying.
The CPH costs $525 plus applicable taxes and includes access to the online learning system for one year, one exam attempt and one re-write attempt if needed. You can also purchase additional study tools such as practice tests, flashcards and audio books for an extra fee.
What will you learn in the CPH?
The CPH covers the rules, policies and by-laws of the provincial securities administrators and IIROC. It also teaches you how to apply these rules in various scenarios involving client accounts and special transactions and products. The course consists of five sections that are based on real-life case studies:
Section 1: Standards of Conduct in the Securities Industry
This section introduces you to the standards of conduct and ethics that are expected of securities professionals in Canada. You will learn about:
The roles and responsibilities of IIROC and the provincial securities regulators.
The registration and licensing requirements for securities professionals.
The rules of conduct and professional practice for IIROC members and registrants.
The code of ethics and ethical decision making framework for securities professionals.
The disciplinary process and sanctions for violations of rules and regulations.
Section 2: Dealing with Clients in the Securities Industry
This section covers the best practices for dealing with clients in the securities industry. You will learn how to:
Conduct client discovery and open client accounts.
Perform product due diligence and suitability assessments.
Comply with the Know-Your-Client (KYC) and Know-Your-Product (KYP) rules.
Communicate effectively and transparently with clients.
Identify and resolve conflicts of interest.
Section 3: Handling Client Accounts
This section explains how to handle client accounts in accordance with the rules and regulations. You will learn how to:
Place orders for securities and execute trades.
Maintain accurate records and reports of client transactions.
Monitor client accounts and portfolios.
Handle margin accounts, short sales, options, futures and other derivatives.
Deal with complaints, disputes and arbitration.
Section 4: Special Transactions and Products
This section covers some of the special transactions and products that are available in the securities industry. You will learn how to:
Understand and comply with the rules for new issues, private placements, prospectuses and exemptions.
Understand and comply with the rules for mutual funds, exchange-traded funds, hedge funds and other pooled products.
Understand and comply with the rules for structured products, principal-protected notes, linked notes and other complex products.
Understand and comply with the rules for foreign securities, foreign exchange, precious metals and other alternative investments.
Section 5: Case Studies and Practical Applications
This section provides you with an opportunity to apply your knowledge and skills in various case studies that simulate real-world situations. You will be presented with scenarios involving client accounts, special transactions, products, conflicts of interest, ethical dilemmas and regulatory issues. You will be required to analyze the situation, identify the relevant rules and regulations, evaluate the options and recommend the best course of action.
How will you study for the CPH?
The CPH is a self-study course that allows you to study at your own pace and convenience. You can access the course materials online or in print format. You will also have access to various study tools that will help you enhance your learning experience and prepare for the exam. Here are some of the study tools available:
Study tools
Study toolDescription
Online learning systemThis is where you can access your course materials, track your progress, review your performance, interact with other students and instructors, receive course updates and access other resources.
TextbookThis is the main source of information for the course. It contains all the content, concepts, examples, exercises and case studies that you need to know. You can choose to receive it in PDF, ebook or printed format.
Post-chapter review questionsThese are online quizzes that test your understanding of each chapter. They provide immediate feedback and explanations for each question. They also help you identify your strengths and weaknesses.
Course updatesThese are online notifications that inform you of any changes or updates to the course content or exam format. They ensure that you are learning the most current and up-to-date information in your studies.
Discussion forumsThese are online platforms where you can ask questions, share ideas, discuss topics, network with other students and instructors, and get academic support.
Academic supportThis is where you can contact CSI's academic support specialists who can answer your questions, clarify concepts, provide guidance and offer tips on how to succeed in the course.
Study tips
for the CPH, here are some tips that you may find useful:
Plan your study schedule: The CPH requires about 60 to 80 hours of study time, depending on your prior knowledge and experience. You should allocate enough time to complete the course within one year of enrolment. You should also set realistic and achievable goals for each study session.
Review the learning objectives: The learning objectives are statements that describe what you are expected to know and do after completing each chapter. They help you focus on the key concepts and topics that will be tested on the exam.
Read the textbook: The textbook is the main source of information for the course. You should read it carefully and thoroughly, paying attention to the examples, exercises and case studies. You should also take notes and highlight important points as you read.
Answer the post-chapter review questions: The post-chapter review questions are online quizzes that test your understanding of each chapter. You should answer them after reading each chapter to assess your progress and identify your strengths and weaknesses. You should also review the feedback and explanations for each question.
Use the discussion forums and academic support: The discussion forums and academic support are online platforms where you can interact with other students and instructors, ask questions, share ideas, discuss topics, network and get academic support. You should use them regularly to enhance your learning experience and resolve any doubts or difficulties.
Prepare for the exam: The exam is a three-hour, multiple-choice test that consists of 100 questions. It covers all the sections of the course and evaluates your knowledge and application of the rules and regulations. You should prepare for the exam by reviewing the course content, practicing with the study tools, taking mock exams and managing your time and stress.
How will you complete the CPH?
Once you have completed your studies and feel ready to take the exam, you need to book your exam date and location. You can choose to take the exam online or at a test centre. You need to score at least 60% on the exam to pass the course. Here are some details about completing the CPH:
Course completion
Upon successfully completing the course, you will be able to download a Notice of Course Completion available through your student profile. This will remain on your profile as formal confirmation of course completion. You can also accept a digital badge through your student profile after successful course completion. Digital badges are portable image files that allow you to share your credentials across the web. You can post them to your email signature, personal website, social media channelseven to electronic copies of your resume.
CSI will mail you a wall certificate within 4 6 weeks of course completion. Frames to display your certificate are available. Please ensure that your First and Last Name on your profile matches your First and Last Name on your Government Issued Photo identification this will ensure you receive an accurate certificate.
CSI will also issue an Honours Certificate to all students who obtain a final course mark of 85% or higher.
Continuing education
Completing the CPH is not the end of your learning journey. It is important to keep yourself updated and informed of the changes and developments in the securities industry. You should also maintain and enhance your knowledge and skills by taking continuing education courses offered by CSI or other providers.
The CPH qualifies for continuing education credits for various designations and associations such as IIROC CE, FP Canada CE, IAFE CE, ICS CE, IQPF CE and others. You can check the CSI website for more details on how to claim these credits.
Conclusion
The Conduct and Practices Handbook Course (CPH) is a comprehensive and practical course that teaches you everything you need to know about the rules, regulations, practices and ethics in the Canadian securities industry. It is designed for anyone who wants to become or upgrade their registration as an investment advisor or representative, or who wants to broaden their knowledge of securities regulations.
The CPH consists of five sections that cover various topics such as standards of conduct, dealing with clients, handling client accounts, special transactions and products, and case studies. It also provides you with various study tools such as online learning system, textbook, post-chapter review questions, course updates, discussion forums and academic support. It also offers you various benefits such as course completion certificate, digital badge, honours certificate and continuing education credits.
If you are interested in taking the CPH, you can enrol online through the CSI website and choose your preferred format, language and exam location. You can also request more information or contact CSI for any queries or assistance.
Don't wait any longer. Enrol in the CPH today and start your journey to becoming a successful and compliant securities professional in Canada.
FAQs
What is the difference between the CPH and the Canadian Securities Course (CSC)?The CPH is a course that focuses on the rules, regulations, practices and ethics in the securities industry. It is a requirement for IIROC registration as an investment advisor or representative. The CSC is a course that covers the basics of the securities industry, such as markets, products, analysis, trading and portfolio management. It is a prerequisite for IIROC registration and other courses and designations.
How long does it take to complete the CPH?The CPH requires about 60 to 80 hours of study time, depending on your prior knowledge and experience. You have one year from the date of enrolment to complete the course and take the exam.
How do I book my exam for the CPH?You can book your exam online through your student profile. You can choose to take the exam online or at a test centre. You need to book your exam at least 10 business days before your preferred exam date.
What is the format and passing grade of the exam for the CPH?The exam is a three-hour, multiple-choice test that consists of 100 questions. It covers all the sections of the course and evaluates your knowledge and application of the rules and regulations. You need to score at least 60% on the exam to pass the course.
What if I fail the exam for the CPH?If you fail the exam, you can retake it once within one year of enrolment. You need to pay a re-write fee of $100 plus applicable taxes and book your re-write exam online through your student profile. You need to wait at least 30 days before taking the re-write exam.
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