Canadian Securities Course (CSC) Level 1 Practice Exam

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Prepare for the Canadian Securities Course (CSC) Level 1 Exam. Engage with our quizzes, flashcards, and multiple-choice questions, complete with hints and explanations to help you succeed!

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What are the functions of IIROC?

Animal welfare services
Public health management
Financial and business conduct compliance, Registration, enforcement, and market surveillance.
Construction regulatory oversight

The correct answer is: Financial and business conduct compliance, Registration, enforcement, and market surveillance.

The answer is correct because the Investment Industry Regulatory Organization of Canada (IIROC) plays a crucial role in regulating the investment industry in Canada. Its main functions include ensuring that firms and individuals comply with financial regulations and business conduct standards. This oversight is essential to maintaining the integrity and fairness of the markets. Additionally, IIROC is responsible for the registration of dealers and advisors, monitoring their activities, and enforcing rules to protect investors and maintain confidence in the financial system. Market surveillance is key to identifying and preventing any potential misconduct within trading activities. Overall, these functions ensure a safe and regulated environment for investment activities in Canada. The other options provided do not relate to IIROC’s responsibilities. They pertain to entirely different sectors such as animal welfare, public health, and construction, which are outside the financial regulatory framework that IIROC operates within.