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CIRO Proficiency Exams

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Three exams, three dedicated prep tracks. Each has its own question bank, learning centre and element-by-element guides.

Canadian Investment Regulatory Exam

CIRE Exam Prep

The entry exam for every registered representative. Regulation, ethics and market basics.

12,000+ questions · 9 elements · 110-question exam

Retail Securities Exam

RSE Exam Prep

For advisors serving retail clients: KYC, suitability, products and portfolio construction.

8,000+ questions · 9 elements · 120-question exam

Institutional Securities Exam

ISE Exam Prep

For institutional dealing: market structure, trading, analysis and investment theory.

9,000+ questions · 7 elements · 100-question exam

Daily Challenge

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0:00
MediumConflicts of interest and ethics

An Approved Person at a Member firm is offered a part-time position teaching yoga at a local community center. They will be paid a flat fee for each class they lead. Which of the following is the MOST appropriate course of action for the Approved Person to take?

A
Obtain written approval from the community center ensuring that no financial products will be discussed during classes.
B
Provide verbal notification to their supervisor and begin teaching classes immediately while waiting for formal paperwork.
C
Submit a written disclosure to the Member and receive written approval before conducting any yoga classes.
D
Begin teaching the classes immediately as the activity is unrelated to the financial services industry and does not create a conflict of interest.

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One CIRE exam-style question, one attempt. Answer it and see where you rank against everyone else sitting the same exam.

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25 exam-difficulty questions in about 15 minutes, and an honest element-by-element picture of where you are today.

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Everyone writing your exam faces the same 25 today — challenge your study group to beat your score.

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Learn first, practice second

Every concept has a reading, an audio episode, a quiz and a set of flashcards. The same loop on every exam, so you are learning the material rather than drilling a question bank.

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Mapped to CIRO Competency Profile

All 9 competency areas covered. Every topic aligned with what you'll see on exam day.

Active Recall Built In

Every lesson ends with a quiz and flashcards. Because reading isn't studying.

Regulatory Expertise

Content designed by industry professionals. Clear explanations of complex regulations.

Bite-Sized Lessons

5-10 minute lessons you can actually finish. Perfect for busy schedules.

Learning CentreRegulatory Framework

Regulatory Framework

3/8
1.Understanding CIRO's Role
Reading5m
Listen7m
Quiz3m
Flashcards2m
2.Provincial Securities Commissions
Reading6m
Listen9m
Quiz3m
Flashcards2m

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Study with your eyes closed

Every concept is also a narrated episode. For the commute, the gym, and the walk.

Episode · Concept 1.1.1

National Rules, Provincial Power

1:423:52 left at 1.25×
0:00A document lands on your desk. Across the top it reads National Instrument.
0:07In the corner there is a name that sounds like a federal department: Canadian Securities Administrators.
0:16Who actually made this rule, and which body can actually enforce it against you? Neither name on the page answers that question, and both point the same wrong way.

Tap any line to jump there. The transcript is the scrubber.

Not the lesson read aloud

A separate script from the same material. Hearing it is a second pass, not a repeat.

0.8× to 2×, and it remembers

Start on the train, finish at your desk.

A whole element, hands free

Autoplay runs straight through. Most episodes are about seven minutes.

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Regulatory FrameworkClient RelationshipsKYC & SuitabilityMarket AnalysisSecurities & ProductsEthics+3 more
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Everything you need to pass

Three exams. 31,000+ questions. One platform.

Learning Centre

Complete study materials for all 9 CIRE elements: interactive lessons, flashcards and concept summaries.

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Every concept narrated, for the commute.

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Regulatory FrameworkEasyQuestion 1 of 3Score: 0/3

Which of the following best describes the legal nature and structure of the Canadian Securities Administrators (CSA)?

A
A federal regulatory agency with the authority to override provincial securities laws
B
A self-regulatory organization (SRO) that oversees the day-to-day conduct of investment dealers
C
An umbrella organization that serves as a forum for provincial and territorial regulators to coordinate and harmonize regulation
D
A private corporation funded by the federal government to provide investor education services

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$0
3 Practice Quizzes
First 3 Concepts of Every Element
Basic Progress Tracking

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$149one-time + HST/GST
Full Learning Centre (all 9 elements)
Audio Episodes for every concept
25 Practice Quizzes
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$249one-time + HST/GST
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