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ETF Proficiency Course (LCI00P01)


Description

The course follows the curriculum requirements outlined in the MFDA's Policy Number 8: Proficiency Standard for Approved Persons selling Exchange Traded Funds ("ETFs")

FP Canada Accreditation: 2.0 Financial Planning Credits

Welcome to the ETF Proficiency Course! This course is all about satisfying the proficiency requirements for mutual fund Representatives to offer exchange traded funds (ETFs) to clients. Learn about the basics of ETFs; how they're created, purchased and redeemed; and the risks, features and benefits of ETFs.

NOTE: To complete the course, earn the course certificate and CE credits, you must review all modules and the final test. Good luck!


This CE activity has been approved by FP Canada as meeting the minimum requirements for CE Approval as outlined within the FP Canada Continuing Education Guidelines. The views and opinions expressed in this presentation are those of the presenter / content author and do not necessarily reflect the views of FP Canada.

CE Credits: 2.0 Accreditation Number: 5571 CE Credit Type: Professional Development

Content
  • Introduction to ETFs
  • ETF Introduction
  • Defining an ETF
  • Licensing Requirements and Limitations
  • ETFs That May Be Sold by Dealing Representatives
  • Inverse ETFs
  • Leveraged ETFs
  • Commodity ETFs
  • Regulation of ETFs
  • Disclosure Documents
  • ETF Facts Example
  • Continuous Disclosure
  • Investment Restrictions
  • The Independent Review Committee (IRC)
  • IRC Conflict Decision Tree
  • Characteristics of ETFs
  • Passive Vs. Active ETFs
  • Rules-based ETFs
  • Creating and Redeeming Units
  • Comparing ETF Features and Benefits
  • Operating Costs
  • ETF Risks
  • ETF Risks
  • Equity Risk
  • Interest Rate Risk
  • Currency Risk
  • Foreign Investment Risk
  • Style Risk
  • Counter-party Risk
  • Market Price Discount Premium
  • Tracking Error
  • ETF Risk Commercial
  • Exchange Trading
  • Introducing Financial Markets
  • TSX Trading Schedule
  • Standard Trading Units
  • Trading ETFs on an Exchange
  • Market Depth and Liquidity
  • How an ETF is Quoted
  • Understanding the Role of the Designated Broker
  • Market Makers
  • Measure Units for Processing a Trade
  • Placing a Trade
  • Settling a Trade
  • Changing a Trade Order
  • ETF Trade Orders: Quantity
  • ETF Trade Orders: Duration
  • ETF Trade Orders: Price
  • ETF Distributions
  • Cum-distributions and Ex-distributions
  • ETF Splits and Consolidations
  • Investing in ETFs
  • ETFs and Taxes
  • Understanding Beta
  • Understanding Alpha
  • Using ETFs to Build Client Portfolios
  • Regulations
  • Universal Market Integrity Rules (UMIR)
  • Trading Halts
  • Circuit Breakers
  • Best Execution for Entering Trade Orders
  • Obligations to Your Client
  • Conclusion
  • Conclusion
  • Final Test
  • ETF Proficiency Test
Completion rules
  • All units must be completed
  • Leads to a certification with a duration: Forever