10/29/25, 6:41 AM Canadian Securities (CSC) Test #1 EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 LA…
Canadian Securities (CSC) Test #1 EXAM
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam) 2025\2026 LATEST
VERSION!!
Save
Terms in this set (122)
full service and discount brokerage firms for
Retail firms
individuals.
includes pension funds, mutual funds, and insurance
Institutional firms
companies.
Integrated firms contains all aspects of retail and institutional firms.
in charge of portfolio management, marketing, sales,
Front office
and trading.
in charge of compliance, accounting, audits, and
Middle office
legal.
Back office in charge of settlements and clearing.
large domestic banks. There are ownership
Schedule I banks
restrictions on shares - must be widely held.
large foreign banks. Can do same activities as
Schedule II banks
domestic banks.
foreign branches of banks. They are limited, with a
Schedule III banks
more institutional focus.
Trust company acts as a trustee.
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, 10/29/25, 6:41 AM Canadian Securities (CSC) Test #1 EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 LA…
market in which securities are bought and sold by
Auction market brokers acting as agents for their clients (stock
exchanges).
a network of marketplaces. Here, trades are
Dealer market conducted OTC and consist of bonds and
debentures.
competes with existing exchanges. They can only
Equity electronic trading trade stocks that are on an existing exchange. They
system may have benefits such as different hours, better
commission, etc.
Fixed-income electronic where almost all bonds are traded (such as CanDeal).
trading system
has the characteristics of debt, equity, and the
Structured product investment fund (can be in the form of principal-
protected notes or index-linked guarantees).
the Canadian investment industry's SRO. It carries out
IIROC (Investment its responsibilities through setting and enforcing rules
Industry Regulatory regarding the proficiency, business, and financial
Organization of Canada) conduct of dealer firms and their registered
employees.
MFDA (Mutual Fund the SRO that regulates the distribution (dealer) side of
Dealers Association) the mutual fund industry in Canada.
the federal regulatory agency whose main
OSFI (Office of the
responsibilities regarding insurance companies and
Superintendent of
segregated funds are to ensure that the companies
Financial Institutions)
issuing the funds are financially solvent.
a federal Crown Corporation providing deposit
CDIC (Canadian Deposit
insurance against loss (up to $100,000 per depositor)
Insurance Corporation)
when a member institution fails.
a fund that protects eligible customers in the event of
CIPF (Canadian Investor the insolvency of an IIROC dealer member.
Protection Fund) General acct. = $1M total
Separate acct. = $1M each
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Canadian Securities (CSC) Test #1 EXAM
Questions with 100% Correct Answers | Verified |
Updated (Actual Exam) 2025\2026 LATEST
VERSION!!
Save
Terms in this set (122)
full service and discount brokerage firms for
Retail firms
individuals.
includes pension funds, mutual funds, and insurance
Institutional firms
companies.
Integrated firms contains all aspects of retail and institutional firms.
in charge of portfolio management, marketing, sales,
Front office
and trading.
in charge of compliance, accounting, audits, and
Middle office
legal.
Back office in charge of settlements and clearing.
large domestic banks. There are ownership
Schedule I banks
restrictions on shares - must be widely held.
large foreign banks. Can do same activities as
Schedule II banks
domestic banks.
foreign branches of banks. They are limited, with a
Schedule III banks
more institutional focus.
Trust company acts as a trustee.
https://quizlet.com/1100198174/canadian-securities-csc-test-1-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-lat… 1/10
, 10/29/25, 6:41 AM Canadian Securities (CSC) Test #1 EXAM Questions with 100% Correct Answers | Verified | Updated (Actual Exam) 2025\2026 LA…
market in which securities are bought and sold by
Auction market brokers acting as agents for their clients (stock
exchanges).
a network of marketplaces. Here, trades are
Dealer market conducted OTC and consist of bonds and
debentures.
competes with existing exchanges. They can only
Equity electronic trading trade stocks that are on an existing exchange. They
system may have benefits such as different hours, better
commission, etc.
Fixed-income electronic where almost all bonds are traded (such as CanDeal).
trading system
has the characteristics of debt, equity, and the
Structured product investment fund (can be in the form of principal-
protected notes or index-linked guarantees).
the Canadian investment industry's SRO. It carries out
IIROC (Investment its responsibilities through setting and enforcing rules
Industry Regulatory regarding the proficiency, business, and financial
Organization of Canada) conduct of dealer firms and their registered
employees.
MFDA (Mutual Fund the SRO that regulates the distribution (dealer) side of
Dealers Association) the mutual fund industry in Canada.
the federal regulatory agency whose main
OSFI (Office of the
responsibilities regarding insurance companies and
Superintendent of
segregated funds are to ensure that the companies
Financial Institutions)
issuing the funds are financially solvent.
a federal Crown Corporation providing deposit
CDIC (Canadian Deposit
insurance against loss (up to $100,000 per depositor)
Insurance Corporation)
when a member institution fails.
a fund that protects eligible customers in the event of
CIPF (Canadian Investor the insolvency of an IIROC dealer member.
Protection Fund) General acct. = $1M total
Separate acct. = $1M each
https://quizlet.com/1100198174/canadian-securities-csc-test-1-exam-questions-with-100-correct-answers-verified-updated-actual-exam-20252026-lat… 2/10
