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Officers’, Partners’, and Directors’ Course (OPD)

The Officers’, Partners’, and Directors’ Course Exam is a regulatory requirement in National Instrument 31-103 for Chief Compliance Officers of mutual fund dealers, exempt market dealers, scholarship plan dealers, portfolio managers, and investment fund managers. This course provides an excellent overview of the topics important to those in senior management. The OPD equips students with the tools to help them effectively manage their firms.

Tools and Pricing

Standard Course Price $400
IFIC Members Course Price $300
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 30-60 hours
Enrolment period 1 year
Practice exam Yes, 100 questions

Click here!Have questions?

WHO SHOULD ENROL
  • Chief compliance officers of mutual fund dealers
  • Exempt market dealers
  • Scholarship plan dealers
  • Portfolio managers
  • Investment fund managers

Click here!Read case study


EXAM DETAILS
Format  
Paper-based proctored exam

PEARSON VUE Computer-based test centre proctored exam
PEARSON VUE Computer-based online proctored exam
Time permitted 180 minutes
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.

Click here! CE Credit Matrix

EXAM STRUCTURE
Unit Weighting
(%)
Role of Directors and Officers 12%
The Securities Industry and Regulation 12%
Corporate Governance 15%
Ethics 5%
Risk Management 7%
Know Your Client and Suitability 7%
Compliance 19%
Capital Requirements, Insurance, and Financial Reporting 10%
Exempt Securities and Compliance for Exempt Securities 13%

FAQs

How do I register for a computer-based exam?

Check the course webpage to verify whether your exam format is paper-based. For all paper-based exams, you must register at least 10 calendar days prior to (and not including) the available exam date. To register:

  • Login to IFSE.
  • Select “Exams” from the submenu.
  • Select “Register for Exam”.
  • Select a Location.
  • Select an Exam Date.
  • Review the Exam Terms and Conditions completely. To accept the Exam Terms and Conditions, check the box and select “Register” to proceed to Payment Screen. If you do not want to accept the Exam Terms and Conditions, select “Back”. Your exam registration will be cancelled.
  • Click “Process Payment” (even if the payment is $0) to ensure your exam is booked.
What do I need to bring to the paper-based exam?

You must bring valid, non-expired government-issued photo identification, such as a passport, driver’s license or citizenship card. If you are unable to produce valid photo identification, you will not be allowed to sit your exam. Contact us prior to your exam date if you are unable to supply us with acceptable photo identification.

Bring at least one pencil, an eraser and a calculator to the exam. Supplies will not be provided at the exam centre. The calculator must not have printing capabilities. Cell phones and other electronic devices cannot be used as a calculator. Scrap paper for working out calculations will be provided. Note: Proctors cannot accept payment for outstanding course- or exam-related fees at the exam centre.

How do I register for a course?

Follow these instructions.

  1. Select the LOGIN/REGISTER box.
  2. For returning students, login using your username and password. Select “Enrol in a Course” in the
    menu bar.
    For new students choose “Become a Student” and supply all mandatory information in the following
    screens.
  3. If you have a contract code and
    password
    , enter it where required and click “Yes”. If you do not have a contract code, click
    “No”.
  4. Select the course you want to enrol in. Click “Next”.
  5. If optional products are available for purchase, they will appear for you to select. Click “Next”.
  6. 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.
  7. Verify your shopping cart information and click on “Process Payment”.
  8. Review the Terms and Conditions completely. 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.
  9. 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.
How do I get my exam results?

Exam results for Computer-based Test Centre Proctored and Computer-based Online Proctored exams are
available online within 2 business days following the exam if you have no outstanding fees.

Exam results for Online Unproctored exams are available immediately upon submission.

Exam results for Paper-based Proctored exams are available online within 3 to 5 business days if you have no
outstanding fees.

When your grade has been released, you can access your exam results by logging into your IFSE account. Once
you have logged in:

  • Select “My IFSE”
  • Select “Courses”
  • Select “Show me my Marks for this Course” (this link only appears when your results are available).
What are printed text materials or
textbooks?

Printed text materials or textbooks are hardcopy versions of the online course material. They are optional
to purchase and take between five to seven business days to be delivered. They do not include any
interactive components (i.e., exercises, quizzes, case study and practice exam) from the online course.
Instead, you are instructed to go online to complete those elements. This product is not refundable.

Other Relevant Courses

You may be interested in these other IFSE courses.

Canadian Investment Funds Course (CIFC)Exempt Market Proficiency Course (EMP)Ethics for Exempt Market Dealer Representatives