Branch Compliance Officer’s Course (BCO)

The Branch Compliance Officer’s Course (BCO) is designed for individuals who supervise mutual funds sales representatives. It meets requirements under the CIRO rules for a branch manager. 

After completing the course, participants will have acquired the competencies to effectively manage and supervise all aspects of a financial institution’s mutual fund dealings within an operating branch.

What Skills Will You Develop?

Course participants gain the skills and knowledge required to effectively manage and supervise an operating branch of a mutual fund dealer related to a financial institution, to coordinate and administer compliance requirements, and help them ensure that clients receive quality service and informed advice when considering the purchase or redemption of mutual funds.

Who Should Enrol?

Enrol in the BCO if you’re a financial services professional who wishes to meet the branch manager proficiency requirements in order to assume a supervisory compliance function of a financial institution mutual fund dealer.

What Will You Learn About?

• The provincial securities commissions’ registration requirements for a branch manager or branch compliance officer of a mutual fund dealer operating within a branch of a financial institution
• The business practices and relevant legislation for operating a branch
• How to establish guidelines for sales representatives to adhere to regulatory requirements and in-house materials of the mutual fund dealer
• How to ensure that sales representatives respect the disclosure requirements to clients
• The requirements for reviewing orders for proper documentation, improper sales techniques, and leveraged purchases
• How branch managers implement branch-level internal controls and procedures

What Is The Course Syllabus?

• Chapter 1 - The Role of a Branch Compliance Officer
• Chapter 2 - Mutual Fund Industry Regulation
• Chapter 3 - Registration Requirements
• Chapter 4 - Account Opening
• Chapter 5 - Disclosure Requirements
• Chapter 6 - Suitability Requirements
• Chapter 7 - Mutual Funds Performance Evaluation
• Chapter 8 - Dealing with Complaints
• Chapter 9 - Sales Representative Supervision
• Chapter 10 - Supervisory and Control Systems