Review a compact Canadian Investment Regulatory Exam (CIRE) cheat sheet for CIRO rules, client onboarding, suitability, complaints, products, market integrity, derivatives, conflicts, and ethics before Finance Prep practice.
Use this CIRE cheat sheet as a regulatory-decision checklist before a mixed practice set. The exam usually rewards the answer that protects the client record, follows the dealer workflow, documents the decision, and escalates when facts no longer fit the original account setup.
| Item | CIRE cue |
|---|---|
| Regulator | CIRO |
| Exam | Canadian Investment Regulatory Exam |
| Exam code | CIRE |
| Format | 110 multiple-choice questions in 2 hours |
| Main practice behavior | dealer conduct, client workflow, product fit, market integrity, and ethics judgment |
| Finance Prep status | live practice available |
| Area | What to know | Common trap |
|---|---|---|
| Canadian securities regulation | CIRO, CSA, provincial regulators, IDPC Rules, UMIR, registration context | mixing dealer-client conduct with market-law or trading-rule issues |
| Prospective client relationships | disclosure, relationship setup, account opening, authority, KYC collection | starting advice or order handling before the relationship is ready |
| Scope of client relationships | account types, service models, discretionary boundaries, margin/options context | assuming every account supports the same advice and authority |
| Complaint handling | complaint classification, escalation, documentation, response discipline, records | treating a serious complaint as a routine service issue |
| Market and company analysis | issuer information, market indicators, rates, currency, bid analysis, valuation cues | relying on one metric without checking the decision context |
| Market integrity and settlement | order handling, settlement, confirmations, manipulative conduct, trade workflow | processing the order before resolving the control issue |
| Securities and managed products | fixed income, funds, managed products, ETFs, product documents, KYP | choosing yield or performance before product suitability |
| Derivatives | basic payoff direction, approval, margin, risk disclosure, account permission | treating a hedge, speculation, and income strategy as interchangeable |
| Conflicts and ethics | conflict identification, disclosure, avoidance, mitigation, refusal, escalation | assuming disclosure alone fixes every conflict |
After each CIRE set, classify misses by workflow: relationship setup, suitability, complaints, product fit, market integrity, derivatives, or conflicts. If you miss scenario questions, write the missing control step before repeating mixed practice. If you miss product questions, identify the product category, disclosure source, main risk, and client-fit issue before drilling more items.