Earlier this year, CIRO issued a request for comments on proposed rule amendments reflecting the new Proficiency Model. These amendments remain provisional, awaiting approval from the Canadian Securities Administrators.
Elsa Renzella, CIRO’s senior vice-president of Enforcement and Registration, stated, “We’re excited to take the next step in evolving our Proficiency Model.”
“CIRO is committed to creating an innovative proficiency model based on our competency profiles, to ensuring relevance and responsiveness as the financial industry transforms, and to delivering this model in an efficient and cost-effective way.”
Fitch Learning, known for its work with organizations that offer professional designations globally, was selected from a competitive range of proposals for its focus on user experience and its comprehensive knowledge of the financial industry.
Andreas Karaiskos, CEO of Fitch Learning, commented, “We are delighted to partner with CIRO to deliver critical services and infrastructure that will underpin the regulator’s new proficiency model.”