What is the Canadian Securities Path (CSC™)?
The Canadian Securities Path (CSC™) is an entry-level coaching program offered by the use of the Canadian Securities Institute (CSI). A luck crowning glory of the program and exam permit an individual to art work throughout the Canadian securities business as a registered securities guide for a securities broker. The CSC may also be used to satisfy the educational prerequisites needed to advertise and business mutual funds, exchange-traded funds (ETFs), stocks, and fixed earnings property.
Key Takeaways
- The Canadian Securities Path is an exam performed by the use of the Canadian Securities Institute (CSI) for other people occupied with purchasing and promoting securities or providing investment advice.
- It’s composed of two multiple-choice exams that are supposed to be completed inside of 300 and sixty 5 days of registration. Exam takers will have to score 60% or above with a purpose to pass the exam.
- Subjects covered throughout the exam include basic and technical analysis, along with an summary of investing services and products for retail and institutional consumers.
Understanding the Canadian Securities Path (CSC™)
The Canadian Securities Path is regularly the first step for a lot of other people in Canada looking to pursue a occupation that comes to shopping for and promoting securities and providing investment advice. The CSC comes to 2 exams, maximum incessantly referred to as Exam 1 and Exam 2. Each and every exam comprises 100 multiple-choice questions to be completed inside of two hours. Via estimates, the exam requires 150-200 hours of prep time. Registrants will have to complete the exam inside of 300 and sixty 5 days of registration.
Matter subject matter on the exams is vast and shows what a finance professional in Canada is anticipated to be aware of. The principle exam covers the Canadian investment marketplace, the monetary device, choices and varieties of fixed-income securities, pricing and purchasing and promoting of fixed-income securities, no longer peculiar and hottest shares, equity transactions, derivatives, financing and checklist securities, and corporations and their financial statements.
Exam 2 comprises questions bearing on basic and technical analysis, company analysis, introduction to the portfolio way, portfolio keep watch over, mutual funds, segregated and hedge funds, managed and structured products, Canadian taxation, and coping with institutional and retail consumers.
The Canadian Securities Path under the Canadian Securities Institute
The Canadian Securities Institute, which was once established in 1970, offers a series of licensing courses, sophisticated certifications, continuing coaching, and training programs. The non-profit CSI transitioned to a for-profit undertaking, known as CSI International Solutions, in 2003. In 2010, the Moody’s Corporate acquired the CSI for C$155 million. It now operates as a separate company inside of Moody’s Analytics. The Investment Industry Regulatory Crew of Canada (IIROC) and the Canadian Securities Administrators (CSA) endorse the CSI. Headquarters for the CSI are in Toronto and Montreal.
The CSI continues to evolve by the use of offering increasingly more entire services and products that be in agreement financial execs advance in their decided on field; to this point, it offers on the subject of 300 different courses. The reach of the gang extends previous Canada; it is identified for growing instructional content material subject matter for securities industries in emerging financial markets, akin to those in China, Europe, the Heart East, the Caribbean, and Central The us.
The CSC™ Exam
The CSC™ exam is an two-part direction offered by the use of the Canadian Securities Institute (CSI) that allows an individual to become a certified mutual fund guide. Of completion of the Canadian Securities Path™ (CSC™) is also one of the crucial first required steps in pursuing a occupation that comes to shopping for and promoting securities and providing investment advice to consumers.
Exam Details:
- Time Prohibit: Two hours in line with exam
- Worth: Varies
- Choice of Questions: 100 questions in line with exam
- Passing Ranking: 60% in line with exam
- Construction: A few need
- Will have to haves: Not suitable. Alternatively, it is normally no longer peculiar practice to complete the Canadian Securities Path (CSC™) prior to the CPH direction
- Exam Date: Varies consistent with the Canadian the city all through which the exam shall be taken
- Exam Puts: Canada; computer-based exams moreover available in Toronto and Montreal
- First rate Exam Internet web page: Canadian Securities Institute
Exam Subject Weights:
The existing Canadian Securities Path™ consists of two volumes of textbooks.
Exam 1:
- The Canadian Investment Marketplace: 16%
- The Financial device: 13%
- Choices and Kinds of Fixed-Income Securities: 12%
- Pricing and Purchasing and promoting of Fixed-Income Securities: 11%
- Common and Most popular Shares: 13%
- Equity Transactions: 10%
- Derivatives: 10%
- Financing and Tick list Securities: 7%
- Firms and Their Financial Statements: 8%
Exam 2:
- Elementary and Technical Analysis: 12%
- Company Analysis: 10%
- Creation to the Portfolio Method: 12%
- The Portfolio Regulate Process: 10%
- Mutual Funds: 14%
- Segregated and Hedge Funds: 8%
- Other Managed and Structured Products: 13%
- Canadian Taxation: 6%
- Running with the Retail Client: 10%
- Running with the Institutional Client: 10%
