Canadian Securities Course (CSC) Practice Exam

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Practice for the Canadian Securities Course (CSC) exam with our quiz. Test your knowledge with multiple-choice questions. Be prepared for the real exam!

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What entities are subject to oversight by OSFI?

Brokerages
Insurance companies and segregated funds
Stock exchanges
Credit unions

The correct answer is: Insurance companies and segregated funds

Insurance companies and segregated funds are subject to oversight by OSFI. This is because OSFI's role is to regulate and supervise federally regulated financial institutions, including banks, insurance companies, and trust and loan companies. Brokerages, stock exchanges, and credit unions fall under the jurisdiction of other regulatory bodies. For example, brokerages are regulated by securities commissions, and credit unions are governed by provincial credit union associations. Therefore, they are not subject to OSFI's oversight.