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!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Who sets rules related to the proficiency, business, and financial conduct of dealer firms in Canada?

MFDA
OSFI
IIROC
CDIC

The correct answer is: IIROC

Context The MFDA (A) sets rules that pertain to the selling of mutual funds in Canada, while the OSFI (B) regulates and supervises banks, insurance companies, and other federally regulated financial institutions. The CDIC (D) is responsible for insuring bank deposits in case of bank failure. The IIROC (C) is the Investment Industry Regulatory Organization of Canada, and it sets rules related to the proficiency, business, and financial conduct of dealer firms in Canada. It is a self-regulatory organization that oversees the investment industry in Canada and works to protect investors and maintain fair and efficient capital markets.