Hello,

The Regulation of the Chambre de la sécurité financière respecting compulsory professional development applies to every professional holding an authorization issued by the Autorité des marchés financiers allowing them to practice in any of the following sectors and registration categories:

  • Group savings plan brokerage
  • Scholarship plan brokerage
  • Insurance of persons
  • Group insurance of persons

A representative must accumulate the following professional development units (PDUs):

  • 10 PDUs in general subjects
  • 10 PDUs in compliance with standards, ethics and business conduct (Important: See section on mandatory course on compliance)
  • 10 PDUs in topics specific to each sector or registration category in which he is authorized to pursue activities

Failure to comply with the rules governing compulsory professional development will lead to a suspension of the representative’s certificate or of his registration in the sectors or registration categories in which the requirements have not been met. 

Information Notice

No later than 30 days prior to the end of a reference period, the CSF will send an information notice to every representative who has not accumulated the required number of PDUs, informing them of the consequences of non-compliance with the professional development requirements.

Notice of Non-compliance

No later than 30 days after the end of a reference period, the CSF will send a notice of non-compliance to every representative who has not accumulated the required number of PDUs, informing him of the consequences of non-compliance with the professional development requirements. The Autorité des marchés financiers will be informed that a notice of non-compliance was sent to the representative.

HUB Capital advisors are required to meet their annual PDU requirements to maintain their registration in good standing and must immediately forward copies of any Information Notice or Notice of Non-compliance to the Regional Compliance Officer and take immediate action to address the PDU deficiency or suspension.

Thanks,

Cheryl Hamilton
Vice President Risk Management and Chief Compliance Officer