Browse Canadian Investment Marketplace

Canadian Investment Marketplace

In this section

  • 1. Canadian Securities Industry
    This introduction provides an overview of the Canadian securities industry, covering the roles and interrelationships of various participants.
    • 1.1 Introduction
      A comprehensive introduction to the foundational concepts of financial intermediation, including real-life scenarios illustrating the roles of capital users and suppliers, the functions of financial intermediaries, and the impact on economic development.
    • 1.2 Overview Of Canadian Securities Industry
      Dive into the intricacies of the Canadian securities industry: its major participants, regulatory framework, and the interconnected financial ecosystem in Canada.
    • 1.3 Investment Dealer’s Role As Financial Intermediary
      Understand the role of investment dealers as financial intermediaries, categorization of investment dealers, differences between principal and agency transactions, and their formal activities in financial markets such as primary market distributions and secondary market operations.
      • 1.3.1 Types Of Investment Dealers
        Learn about the different categories of investment dealers in the Canadian securities industry: Retail firms, Institutional firms, and Integrated firms.
      • 1.3.2 Organization Within Firms
        Understand the organization within investment dealer firms, including the roles and functions of the front, middle, and back offices, and the significance of senior management.
      • 1.3.3 Principal And Agency Functions Of Investment Dealer
        Gain an in-depth understanding of the principal and agency functions of investment dealers. Learn how these roles impact the trading of securities and the services provided by investment dealers.
      • 1.3.4 Clearing System
        Learn about the clearing system used in the Canadian securities market, including the role of CDS Clearing and Depository Services, the netting process, and key roles of an investment dealer.
    • 1.4 Financial Intermediaries Other Than Investment Dealers
      Explore the roles and functions of various financial institutions in Canada including chartered banks, credit unions, trust companies, and insurance firms.
      • 1.4.1 Chartered Banks
        Detailed guide on the chartered banks in Canada, their classifications, operations, and the regulatory framework within which they function, as set out by the Bank Act.
      • 1.4.2 Credit Unions And Caisses Populaires
        Learn about Credit Unions and Caisses Populaires, their financial services, the Cooperative Credit Associations Act (CCAA), and the investment rules they must follow.
      • 1.4.3 Trust And Loan Companies
        Explore the roles and services of trust and loan companies in Canada, their regulatory framework, and their significance in financial planning and asset management.
      • 1.4.4 Insurance Companies
        A comprehensive guide covering the structure and components of insurance companies in Canada, emphasizing life insurance, property and casualty insurance, key legislations, and the unique roles of underwriting and reinsurance.
      • 1.4.5 Other Financial Intermediaries
        Explore the various financial intermediaries that play key roles in the Canadian financial services industry, such as investment funds, ATB Financial, consumer finance companies, sales finance companies, and pension plans.
    • 1.5 Financial Market Trends
      Explore the latest financial market trends impacting the financial services industry in Canada and globally. Understand the factors driving these trends and how they influence financial markets.
      • 1.5.1 Financial Technology
        An in-depth look into financial technology (fintech), its impact, key advancements, and how it is challenging traditional financial services in Canada.
      • 1.5.2 Robo-advisors
        An in-depth exploration of robo-advisors, their emergence in the investment landscape, particularly in the United States and Canada, their key features, benefits, and impact on the financial industry.
      • 1.5.3 Social And Economic Shifts
        Understanding how social and economic shifts such as demographics, pension plans, savings rates, and debt levels impact the Canadian financial industry and investment strategies.
      • 1.5.4 Cryptocurrency
        Dive deep into the world of cryptocurrency, including its definition, types of investment vehicles, the technology behind it, and its potential as an asset class.
    • 1.6 Summary
      A comprehensive overview of the key aspects of the Canadian Securities Industry covered in Chapter 1, including capital markets, investment dealer firms, financial intermediaries, and the role of Bitcoin.
  • 2. Capital Market
    A comprehensive guide to understanding the intricacies of the capital market, including investment capital, financial instruments, and financial markets, designed for the Canadian Securities Course certification exam.
    • 2.1 Introduction
      Comprehensive overview of the securities industry's role in the Canadian economy, discussing the transfer of capital, the importance of financial intermediaries, markets, and instruments.
    • 2.2 Investment Capital
      Explore the role of investment capital in the economy, focusing on its supply, use, and differentiating between direct and indirect investments. Learn about economic value and the importance of productive investment.
      • 2.2.1 Characteristics Of Capital
        Understand the key characteristics of capital in the context of investment management, including mobility, sensitivity, and scarcity.
      • 2.2.2 Suppliers And Users Of Capital
        Explore the determinants of capital supply and usage in Canada, identifying key players and their roles in the financial ecosystem. This guide elaborates on the sources like individual savings, corporate revenues, and government surplus while detailing the diverse requirements for capital among individuals, businesses, and governments.
    • 2.3 Financial Instruments
      Discover the various types of financial instruments used in capital transactions, including debt securities, equity securities, derivatives, managed products, and structured products, along with examples and key features.
    • 2.4 Financial Markets
      Understand the features, operations, and types of financial markets. Explore the roles of intermediaries and the characteristics of effective markets.
      • 2.4.1 Primary And Secondary Markets
        Learn the intricacies of the primary and secondary markets, how they function, and their roles in the financial ecosystem. Dive into the specifics of initial public offerings (IPOs), trading mechanisms, and much more.
      • 2.4.2 Auction Markets
        Understand the workings of auction markets, including key concepts like bid-ask spreads, trades, and types of stock exchanges in Canada. This section covers the fundamental aspects of how securities are bought and sold and includes detailed examples and key definitions.
      • 2.4.3 Dealer Markets
        Exploring the workings of dealer markets, including the over-the-counter trading of bonds, debentures, and unlisted equities. The guide illuminates the methods and advantages of trading in dealer markets and synthesizes regulatory nuances in Canada.
      • 2.4.4 Alternative Trading Systems
        Learn about Alternative Trading Systems (ATS) in the Canadian financial markets, covering electronic marketplaces for equity and fixed-income markets.
    • 2.5 Summary
      Summary of key concepts of capital markets covered in Chapter 2.
  • 3. Canadian Regulatory Environment
    This chapter provides an overview of the Canadian regulatory environment, detailing the roles of various regulatory bodies and principles underlying fair capital markets. Key concepts include regulation purposes, principles-based regulation, remediation options, and ethical standards in the financial services industry.
    • 3.1 Introduction
      This chapter outlines the introduction to regulation in the Canadian securities industry, discussing the roles of regulatory bodies, investor protection, market integrity, and the principles-based regulatory environment.
    • 3.2 Regulators
      An in-depth guide on the roles and responsibilities of agencies and legal entities that regulate the Canadian securities industry.
      • 3.2.1 Canadian Securities Administrators
        Learn about the Canadian Securities Administrators (CSA), their mission, roles, and key policies impacting Canada's capital markets.
      • 3.2.2 Self-regulatory Organizations
        A thorough guide to understanding Self-regulatory Organizations (SROs) in Canada, including IIROC and MFDA, and their roles, responsibilities, and impacts on the securities market.
      • 3.2.3 Office Of Superintendent Of Financial Institutions
        Learn about the Office of the Superintendent of Financial Institutions (OSFI), its role as Canada's financial regulatory body, and the institutions it oversees.
      • 3.2.4 Investor Protection Funds
        A comprehensive guide to understanding the investor protection funds available in the Canadian securities industry, including detailed explanations of CIPF, MFDA IPC, CDIC, and provincial insurance corporations.
    • 3.3 Regulation And Supervision
      An in-depth exploration of the fundamental principles underlying securities legislation in the Canadian financial services industry. Understand the roles of various regulatory bodies, key legal statutes, and the implications of non-compliance.
      • 3.3.1 Purpose Of Regulation
        An in-depth look at the purpose and importance of regulation in the securities industry, including the objectives of consumer protection, fairness, economic stability, and achieving social objectives.
      • 3.3.2 Principles-based Regulation
        Explore the principles-based regulatory model in the Canadian securities industry, learn its objectives, benefits over rules-based regulation, and see real-life examples.
      • 3.3.3 Securities Regulation In Canada
        A detailed guide on the securities regulation in Canada, including provincial legislation, the role of self-regulatory organizations, and the ongoing discussion around a unified national regulatory authority.
      • 3.3.4 Disclosure
        Comprehensive Guide on Disclosure in the Canadian Securities Legislation
      • 3.3.5 National Registration Database
        Comprehensive guide to the National Registration Database (NRD), explaining its purpose, functionalities, and requirements for investment dealers and their employees in Canada.
      • 3.3.6 Gatekeeper Role
        Understand the crucial gatekeeper role performed by Investment Advisors in the securities industry, including requirements and practices to prevent illegal activities such as money laundering, terrorist financing, financial fraud, and insider trading.
      • 3.3.7 Know Your Client Rule
        Learn about the Know Your Client (KYC) rule in the Canadian Securities Course, its importance, and the steps to ensure compliance.
      • 3.3.8 Client Relationship Model
        Learn about IIROC's Client Relationship Model (CRM) which aims to enhance transparency, client trust, and suitability in investment dealings.
    • 3.4 Remediation
      Learn about remediation options available to investors for resolving disputes with dealer members.
      • 3.4.1 Arbitration
        Comprehensive guide on arbitration for dispute resolution in the Canadian securities industry, covering process, criteria, and benefits.
      • 3.4.2 Ombudsman For Banking Services And Investments
        Understand the role and function of the Ombudsman for Banking Services and Investments (OBSI) in resolving financial disputes in Canada's financial services industry.
    • 3.5 Ethical Standards In Financial Services Industry
      Understand the importance of ethical standards within the financial services industry, identify unethical practices, and review the consequences of infractions.
      • 3.5.1 Examples Of Unethical Practices
        Explore common unethical practices in the securities industry, including deceit, market manipulation, and misleading clients. Understand potential consequences and the responsibilities of securities dealers.
      • 3.5.2 Prohibited Sales Practices
        Explore prohibited sales practices in the Canadian securities industry, including unethical behaviors and specific regulations such as the National Do Not Call List.
    • 3.6 Summary
      Comprehensive summary and key takeaways from Chapter 3 on the Canadian regulatory environment in the Canadian Securities Course. Includes frequently asked questions and review questions for comprehensive understanding.
Thursday, July 4, 2024