CIRO Director and Executive Exam Syllabus

Use this page as your coverage checklist for CIRO Director and Executive Exam.

Live topic list

1. Element 1 — General regulatory framework
2. Element 2 — Investment Dealer business model and related areas
3. Element 3 — Offering and distribution of securities
4. Element 4 — Corporate governance and ethics
5. Element 5 — Duties, liabilities and defences
6. Element 6 — Risk management and internal controls
7. Element 7 — Significant areas of risk
8. Element 8 — Ultimate Designated Person (UDP) responsibilities

How to use the syllabus

• Work through the topics in order if you want a clean first pass.
• After each topic, run a short set in practice to confirm you can apply the rules under time pressure.
• Use the cheat sheet to condense each topic into a few decision rules, control points, or escalation cues.

Exam snapshot

• Format: 75 multiple-choice questions, 150 minutes
• Current topic count: 8