EnCiroCommunity

Questions Ask a question Daily Challenge Exam debriefs Rewards

Exam spaces

Join to ask, answer, and earn karma.

Get started Log in

EnCiroCommunity

Log in Get started

AI-powered exam preparation for CIRO proficiency exams. CIRE, ISE, and more — master the 2026 competency profile with confidence.

Exams

Free Readiness Check
CIRE Prep
RSE Prep
ISE Prep
Pricing
Tutorials
Blog

Legal

Terms of Service
Privacy Policy
FAQ

© 2026 EnCiro Inc. All rights reserved.

pritish@enciro.ca

CIRO Daily Challenge — September 5, 2026 | EnCiro | EnCiro

Daily Challenge/September 5, 2026

🔥 Daily ChallengeRSEManaged products and other investmentsMedium

What does the 'Accountable' criterion specifically require when selecting a benchmark for a managed fund?

1 attempts · 100% correct

The portfolio manager must accept the benchmark as the standard they are trying to beat and be held responsible for differences in results.Correct

The benchmark must be audited and approved by the Canadian Securities Administrators (CSA) every twelve months.

The client must have the ability to hold the representative accountable for any underperformance relative to the benchmark.

The representative must be able to identify every individual security and its specific weight within the index.

Why

The 'Accountable' criterion requires the portfolio manager to agree that the benchmark is an appropriate standard against which their skill should be measured.

Share on LinkedIn

Discussion

Sign in to join the discussion.

No comments yet. Why is the answer what it is — or what tripped you up?

Get tomorrow's challenge in your inbox

One CIRO question a day. No account needed. Unsubscribe anytime.