🔥 Daily ChallengeCIREOverview of Canadian securities regulatory frameworkHard
Which statement best describes the underlying purpose of the 90-day training program required under Rule 100?
To allow the firm to delay the payment of commissions until the salesperson is fully trained
To ensure new registrants possess the necessary knowledge and skills to perform duties competentlyCorrect
To satisfy the requirements of the provincial Ministry of Education for vocational training
To provide a period where the registrant is exempt from suitability requirements while they learn
Why
The purpose of the structured training and supervision program is to ensure that new registrants can perform their roles in a compliant and competent manner.
