Recognition Procedure of a Training Activity

To ensure that the contents of a training activity are in line with the principles of the Chambre’s professional development program, organizers of training activities must submit an recognition application to the Professional Development Department.

Recognition Procedure of a Training Activity

Since April 1st 2005, the Chambre ceased to automatically recognize level 2 activities from IQPF. As a reference, here is the link for IQPF’s Website.

www.iqpf.org

We undertake to process all applications for recognition of a regular training activity in a period of time of 10 business's days, for an application including all the necessary information. This 10-day time limit applies from the moment the application reaches our offices. To this end, your application for recognition must include the information below. The 10-day time limit does not apply to applications for recognition regarding conventions, university courses, recognition of PDUs for the course writers, professors and designers and training activities worth more than 10 PDUs.

Information that must be included in an application for training activity recognition

The application must contain the following information:

  • A description of the training activity in question
  • The conduct of this activity (schedule)
  • A document explaining how this activity develops professional skills
  • If the application is submitted before the activity is held, the name and address of the person responsible for the activity
  • If the application is submitted by the representative after the activity is held, proof of attendance at this activity
  • The method of controlling pass or fail grades, if applicable
  • If the application is submitted after the activity is held by the person, the entity or the educational institution that dispensed it, the list of participants
  • The number of PDUs and the subject covered by the activity
  • The resource person to contact for more information
  • The date on which the activity begins (important for the duration of your activity)
  • A brief description of your activity, if you want it included in the directory on the Chambre’s website
  • The English title and description of the activity if you are offering it in English.

For recognition of a training activity, complete Appendix l in “Recognition Procedure of a Training Activity”.

Training activities pertaining to products

It is now possible to submit training activities where up to 50% of the content pertains to products. However, in addition to the existing recognition requirements, you must satisfy the requirements below:

  • The part dealing with products must not exceed the half of the total duration of the activity and must be dispensed during the last part of the training.
  • Submit a written commitment attesting that the duration satisfies requirements.
  • File the proposed training content with the Chambre and the one given to representatives.

Training activities in compliance with standards, ethics or professional practice (compliance)

You can ask for a review of an application for recognition granted by the Chambre dating back to January 1, 2006 in a subject that could also be recognized in compliance with standards, ethics or professional practice. No fees are charged to change subject for these recognized activities. You must however complete the change request form.

Although no subject pertaining to compliance is mentioned in the Regulation, here are a few examples of subjects that could be applicable thereto:

  • Code of ethics in insurances and securities
  • Investigation and disciplinary process
  • Representative’s professional responsibility and obligations towards consumers
  • Financial needs analysis (FNA) and investor profile
  • Ethical conduct
  • Record keeping
  • Complaints register
  • Proceeds of Crime (Money Laundering) and Terrorist Financing Act
  • Etc.

Front-end fees

All applications for recognition will have to be accompanied by payment. Please refer to Recognition Procedure of a Training Activity.

Duration of and change to the recognition of a training activity

Recognition of a training activity is valid for 24 months.

The person responsible for a training activity must submit a new application for recognition to the Chambre if there is a change in the content, the duration or control method. The Chambre may either continue or cancel the recognition of the training activity, either increase or reduce the number of PDUs attributed to it. For each training activity, front-end and recognition fees will be charged.

The Chambre will cancel the recognition of a training activity, increase or reduce the number of PDUs attributed to it if it notices that the activity offered is different from the one that was recognized, or if the conditions provided for in section 13 or section 15 of the Regulation are not met. The Chambre may cease to recognize the future training activities of a provider if he does not respect the contents recognized by the Chambre.