What is the 'Canadian Securities Course (CSC™)'

The Canadian Securities Course (CSC™) is an entry-level education program offered by the Canadian Securities Institute (CSI). The successful completion of the program and exam permit an individual to work in the Canadian securities industry as a registered securities representative for a securities broker. The CSC can also be used to satisfy the educational requirements needed to sell and trade mutual funds, exchange-traded funds (ETFs), stocks and fixed income assets. 

BREAKING DOWN 'Canadian Securities Course (CSC™)'

The Canadian Securities Course is often the first step for many individuals in Canada looking to pursue a career that involves trading securities and providing investment advice. The CSC involves two exams, typically referred to as Volume 1 and Volume 2. Each exam includes 100 multiple-choice questions to be completed within two hours. By estimates, the exam requires 150-200 hours of prep time. Registrants must complete the exam within one year of registration.

Subject matter on the exams is broad and reflects what a financial professional in Canada should be expected to be conversant in. The first exam covers the Canadian investment marketplace, the economy, features and types of fixed-income securities, pricing and trading of fixed-income securities, common and preferred shares, equity transactions, derivatives, financing and listing securities, and corporations and their financial statements.

Exam 2 includes questions pertaining to fundamental and technical analysis, company analysis, introduction to the portfolio approach, portfolio management, mutual funds, segregated and hedge funds, managed and structured products, Canadian taxation, and working with institutional and retail clients.

The Canadian Securities Course under the Canadian Securities Institute

The Canadian Securities Institute, which was established in 1970, offers a series of licensing courses, advanced certifications, continuing education and training programs. The non-profit CSI transitioned to a for-profit enterprise, known as CSI Global Solutions, in 2003. In 2010, the Moody’s Corporation acquired the CSI for C$155 million. It now operates as a separate company within Moody’s Analytics. The Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Securities Administrators (CSA) endorse the CSI. Headquarters for the CSI are in Toronto and Montreal.

The CSI continues to evolve by offering an increasing number of comprehensive services that help financial professionals advance in their chosen field; to date, it offers nearly 300 different courses. The reach of the organization extends beyond Canada; it is known for developing educational content for securities industries in emerging financial markets such as those in China, Europe, the Middle East, the Caribbean and Central America. 

RELATED TERMS
  1. Series 63

    The Series 63 is a securities exam and license entitling the ...
  2. Series 55

    The Series 55 is an exam and license that entitles the holder ...
  3. Series 24

    The Series 24 is an exam and license entitling the holder to ...
  4. Series 28

    The Series 28 is an exam for professionals seeking become licensed ...
  5. Series 39

    The Series 39 exam tests a person's knowledge of how to perform ...
  6. Associate In Management (AIM)

    An Associate in Management (AIM) designation is a management ...
Related Articles
  1. Personal Finance

    Prepare For Your CFA Exams

    Find out how to get yourself ready for these lengthy and often daunting exams.
  2. Financial Advisor

    Pass Your CFA Exams on the First Try

    Less than 20% of those who begin the Chartered Financial Analyst (CFA) designation reach the end. Become one of the elite who pass on the first try by using these simple study methods.
  3. Personal Finance

    CFA Vs. Series 7: Which is Easier

    Find out which is exam is easier: The Chartered Financial Analyst (CFA) exam, or the Series 7 securities exam for registered representatives.
  4. Personal Finance

    What to Expect on the CFA Level I Exam

    The Level I exam for the Chartered Financial Analyst designation can be challenging. Here's what to expect.
  5. Personal Finance

    Quiz: Are Your Finances Above Average?

    We look at average Canadian debt, credit scores and much more so you can find out how you stack up.
  6. Personal Finance

    What To Do If You Failed Your CFA Exam

    Follow these steps to increase your odds of passing your next CFA exam.
  7. Financial Advisor

    Succeeding at the Series 63 Exam

    Your career as a securities agent begins with this test. Find tips to help you get the score you need.
  8. Trading

    Broker or trader: Which career is right for you?

    A day in the life of a broker or Wall Street trader is an exciting and varied one. Learn more about these two financial professions.
  9. Financial Advisor

    Series 65 Exam Prep: The Investment Advisor

    Before you take the series 65, you need to understand who is an investment advisor as defined by the exam.
  10. Personal Finance

    What Is the Series 79 Exam?

    If you're getting into investment banking, you'll need to know all about the Series 79 exam.
RELATED FAQS
  1. What Major is Required to take the Series 7 Examination?

    Find out what educational requirements are needed for the Series 7 exam. Learn about the new Securities Industry Essentials ... Read Answer >>
  2. How many people fail the series 63 exam every year?

    How many stock brokers failed the Series 63 exam before they passed successfully? Here is what you need to know before taking ... Read Answer >>
  3. What are my options if I fail my Series 63 exam?

    Find out what options are available to a person who has failed the Series 63 exam, a test that many states require for licensing ... Read Answer >>
Trading Center