The Canadian Securities Institute’s (CSI) monopoly on proficiency services for IIROC licensure has come to an end.
Read: CSI’s contract expiry provokes heated industry reaction
In advance of CSI’s contract expiry in January 2016, IIROC conducted an in-depth review and public consultation on its proficiency model.
IIROC has decided to adopt a competitive single-provider model, where a single provider will be selected for a basket of regulatory courses for terms of five years and the contract will be awarded through a transparent and competitive procurement process.
But CSI gets dibs on round one: IIROC has retained CSI to provide regulatory courses for an initial five-year term.
Under the new model, IIROC will be setting and publishing competency standards.
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