In 2016, IFSE Institute and the Private Capital Markets Association of Canada (PCMA) announced the launch of the new, redesigned Exempt Market Proficiency (EMP) Course (formerly known as the Exempt Market Products Course) provided by the IFSE Institute.
The PCMA and IFSE Institute have worked collaboratively to update the content of the EMP Course to reflect the changing industry and educational needs of Dealing Representatives in the exempt market. The PCMA and IFSE considered the feedback of the industry, regulators and past students to assess the strengths of the existing EMP Course and identify areas of improvement and new areas of focus.
The PCMA and IFSE developed entirely new content and updated the focus of the course materials and exam to reflect the increasing complexity of exempt market products and the rapid development of the exempt market across Canada.
The Exempt Market Proficiency Course Exam (and its predecessor, the Exempt Market Products Exam) is a proficiency requirement for those individuals seeking registration as Exempt Market Dealers – Dealing Representatives and Chief Compliance Officers.
The objective of the course is to provide students with a comprehensive understanding of these complex financial instruments and to prepare them to operate in the world of private capital markets. Students learn about the capital markets, the exempt market, the all-important know-your-client and know-your-product rules, ethical conduct, the private placement process, how different issuers are structured, compliance requirements and features of common exempt securities.
The final exam is administered and delivered exclusively by IFSE’s testing partner, Pearson VUE. Students will be given login credentials to schedule their exam directly on the Pearson VUE website. Pearson VUE and its affiliates have over 150 testing centres across Canada to service the needs of IFSE students.
Who Should Enrol?
• Anyone wishing to become an exempt market dealer representative
• Exempt market dealer chief compliance officers
• Investment professionals looking to provide advice on exempt securities
• Anyone looking for a greater understanding of exempt securities
• Overview of the capital markets
• Regulatory framework
• Compliance for exempt market dealers
• Dealing with clients
• The private placement process
• The structures of issuers
• Real estate and mortgage investments
• Flow-through shares
• The mining industry
• The oil and gas industry
• Hedge funds
• Know your client and suitability
Regular Price: $650
PCMA Member Price: $550