Exempt Market Proficiency Course (EMP)

The Exempt Market Proficiency Course is a proficiency requirement for those individuals seeking registration as Exempt Market Dealers – Dealing Representatives and Chief Compliance Officers. The EMP course introduces students to these complex financial instruments and prepares them to operate in the world of private capital markets. Students learn about the capital markets, the exempt market, the all-important know-your-client and know-your-product rules, ethical conduct, the private placement process, how different issuers are structured, compliance requirements and features of common exempt securities.

Tools and Pricing

Standard Course Price $650
IFIC Members Course Price $550
Printed Textbook $70
Click here!Don’t know if your firm is a member of IFIC?

Questions? Contact info@ifse.ca.

Course Information

COURSE DETAILS
Delivery Online
Language English
Suggested study time 60 to 90 hours
Enrolment period 1 year
Practice exam Yes, 100 Questions
EXAM DETAILS
Format Computer-based test delivered by Pearson VUE
Time permitted 180 minutes
Number of questions 100
Question format Multiple choice
Passing grade 60%
Attempts allowed 3

Note: Your first exam attempt (exceptions may apply) is included in the price of the course enrolment. Additional fees apply for subsequent exam attempts.


WHO SHOULD ENROL
  • Anyone wishing to become an exempt market dealer representative
  • Exempt market dealer chief compliance officers
  • Investment professionals looking to provide advice on exempt securities
  • Anyone looking for a greater understanding of exempt securities
WHAT WILL I LEARN
  • Overview of the capital markets
  • Regulatory framework
  • Compliance for exempt market dealers
  • Dealing with clients
  • The private placement process
  • The structures of issuers
  • Real estate and mortgage investments
  • Flow-through shares
  • The mining industry
  • The oil and gas industry
  • Hedge funds
  • Know your client and suitability

FAQ

If you have never taken a course with the IFSE Institute, please follow the steps below. If you have taken an IFSE course before, please log into your existing account with your username and password, click on ENROL IN A COURSE and begin at Step #4.

  1. From the homepage (www.ifse.ca) click on the button "LOGIN/REGISTER".
  2. Then click "Become a Student".
  3. Supply all mandatory fields (indicated by a * next to the field) and click "Next" to proceed.
  4. If you have been given a contract code and password by your organization, enter it where required and click "Yes". If you do not have a contract code, click "No".
  5. Select the course name that you want to enrol in.
  6. Enter the quantity of any optional products that you wish to purchase and click “Next”.  If you do not wish to purchase any optional products click “Next”
  7. Complete your profile information as indicated on the screen. Take care in completing your mailing and shipping address to ensure that any materials that you have ordered will be delivered promptly and correctly. Click the  "Save" button to proceed to the shopping cart.
  8. Verify your shopping cart information and click on "Process Payment".
  9. Review the Terms and Conditions completely.
  10. To accept the Terms and Conditions, check the box and click "Yes". If you do not want to accept the Terms and Conditions, click "No". Your course enrolment will be cancelled.
  11. Provide your credit card information and click on "Pay Now". Please do not touch the screen until your payment has been processed. A copy of the receipt will appear and can be printed for your records. The receipt will also be stored in your student record for future reference.

Yes, you may request a course extension of 3 months. You are entitled to one course extension per enrolment. Course extensions are subject to an $85 (plus tax) fee and must be purchased at least 15 calendar days prior to (and not including) the course expiration date. Note: Continuing Education (CE) courses are not eligible for course extensions.

All content-related inquiries may be sent to coursequestions@ifse.ca. Please be sure to include the following information so we may better assist you:

  • Student name
  • Student number
  • Course you're enrolled in
  • Exact location of question in the course (unit, lesson, page title)
  • Your question

You will receive an email from IFSE when your exam results are available. Exam results are posted online within three to five business days of your exam write date.

You do not need to register for an online exam.  Online exams are available 24/7 and may be completed from any location where there is internet access. You will receive your exam results for online exams immediately upon submission.

You can access your exam results by logging into your IFSE account at www.ifse.ca. Once you have logged in:

  • Select: "My Courses".
  • Select: "Show me my Marks for this Course" (this link only appears when your exam has been graded). This will bring you directly to your Exam results.

You will be entitled to a partial refund of your course enrolment fees if you cancel your web-based course within 15 calendar days of enrolling (including the registration date) or your paper-based course within 30 calendar days of enrolling (including the registration date).

IFSE charges a $75 (plus tax) administration fee on all eligible course cancellations.

You are not eligible for a refund if you have completed an examination attempt.

Note: The Life License Insurance Qualification Course (LLQP) and all Continuing Education (CE) courses are not eligible for refunds.

Other Relevant Courses

You may be interested in these other IFSE courses.

Canadian Investment Funds Course (CIFC)Officers’, Partners’, and Directors’ Course (OPD)Ethics for Exempt Market Dealer Representatives