Does IFIC expire?
How long does your IFIC last?
You have one-year from the date of enrolment to successfully pass the exam.
How long does IFC last?
This course can be extended by 1 year provided you have not exceeded the attempts allowed for each exam.
+Chapter 18 – Applying Ethical Standards to What You Have Learned.
| EXAM INFORMATION | |
|---|---|
| Exam Duration | 3 Hours |
| Question Format | Multiple Choice |
| Questions Per Exam | 100 |
Does Canadian securities course expire?
The validity for the Canadian Securities Course is three years if you’ve never been approved with an IIROC member firm. If you have terminated your membership with an IIROC member firm, your licensing course is valid for three years from that date, provided you were registered in a category that required the course.
Which course is better IFIC or CSC?
IFIC/CSC is required to sell mutual funds… if you get hired as a FSR or FA or whatever it is the bank calls it, they will most likely pay for the IFIC course. If you want a leg up, then do it your self. CSC while a better designation, will not get you paid more or get you hired over the next guy.
What does IFIC stand for?
IFIC
| Acronym | Definition |
|---|---|
| IFIC | Investment Funds in Canada |
| IFIC | International Fidelity Insurance Company (New Jersey) |
| IFIC | Iron-Fortified Infant Cereal (food product) |
| IFIC | International Finance Investment & Commerce (Bank Limited; Bangladesh) |
How much is the IFIC exam?
Investments & Banking
| Investments & Banking | Standard Pricing | IFIC Members |
|---|---|---|
| Branch Managers’ Examination Course (BM) | $390 | $290 |
| 90 Day Training Course | $250 | $200 |
| Canadian Investment Funds Operations Course (CIFOC) | $385 | $285 |
| Labour Sponsored Investment Funds Course (LSIF) | $340 | $240 |
How can I book IFIC exam?
You can register for an exam by contacting Education Services at 1-888-865-2437 or by logging into your IFSE account at www.ifse.ca.
What is an IFIC course?
The IFC provides foundational knowledge that prepares Advisors to give effective advice to clients on mutual fund investments based on a client’s objectives, timeline and risk tolerance.
Is CSC and IFIC same?
Differences Between CIFC and CSC
The CSC is designed for those looking to become a full-service investment advisor whereas the CIFC is for those who want to be able to provide advice on mutual funds. Exam formats also differ.
What license is required to sell mutual funds in Canada?
IIROC is the regulatory body for all securities firms in Canada. It sets the proficiency requirements for individuals who sell securities such as stocks, bonds, mutual funds, options and/or futures.
Is IFC and Cifc same?
Investment Funds in Canada (IFC),® offered by the Canadian Securities Institute (CSI), is the essential Canadian mutual funds course. The Canadian Investment Funds Course (CIFC), offered by the educational arm of the Investment Funds Institute of Canada (IFIC), is an essential introduction to mutual funds.
Does your mutual fund license expire?
It’s good for 3 years. As long as you find a new job that will register you as a mutual fund rep within 3 years, you don’t need to re-take the exam.
What is the Canadian Securities Course in equivalent to?
The Canadian Securities Institute provides licensing support for the Investment Industry Regulatory Organization of Canada, the Canadian equivalent to the Financial Industry Regulatory Authority (FINRA) in the U.S. CSI offers the Canadian Securities Course (CSC), which is required for individuals who work as a …
What happens if you fail CSC 3 times?
However, if you’re enrolled in one of these courses and have attempted and failed an exam three times during your course enrolment, your enrolment will be terminated and you will need to re-enrol in the same course. You are eligible to re-enrol in the course six months from your last exam attempt.
Is Canadian Securities Course hard?
The securities exams have a pass rate of 60 per cent, but those keen to take the course are not in for easy reading. “It is a bit of a slog,” Efron said. “It’s a lot of material.