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. Canadian Securities Administrators ...

    Canadian Securities Administrators is a collective forum composed ...
  2. Series 7

    The Series 7 is an exam and license that entitles the holder ...
  3. Series 65

    The Series 65 is an exam and securities license required by most ...
  4. Series 66

    The Series 66 is an exam and license that is meant to qualify ...
  5. CAD (Canadian Dollar)

    CAD is the currency abbreviation or currency symbol for the Canadian ...
  6. Series 55

    The Series 55 is an exam and license that entitles the holder ...
Related Articles
  1. Financial Advisor

    Sell-Side Analysts Need Series 86/87 Exams

    Though these tests are not particularly difficult or comprehensive, passing them is mandatory to work as a sell-side analyst.
  2. Insights

    Cross-Border Shopping: Bane Or Boon?

    Lower prices, better selection, lower sales tax rates and a strong Canadian dollar draw over 1.9 million Canadians over the border to shop every month.
  3. 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.
  4. Personal Finance

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  5. Financial Advisor

    Tips For Passing The Series 6 Exam

    Find out what you can do during the test to make sure you get a passing score.
  6. Financial Advisor

    Introduction to the Series 65 exam

    The Series 65 is required in many states in order to be a fee-based advisor. Find out what it is and whether you need it.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
RELATED FAQS
  1. How many attempts at the Series 7 exam are permitted?

    There is no limit on the number of times you can attempt to pass the Series 7 exam, however, there are restrictions regarding ... Read Answer >>
  2. 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 >>
Trading Center