Creation of the Chambre de l'assurance

Merger of the ChAd and the CSF

An Act to amend various provisions mainly in the financial sector (Bill 92), was assented to on June 4, 2025. This Act provides for, among other things

  • The merger of the Chambre de la sécurité financière (CSF) and the Chambre de l'assurance de dommages (ChAD) to create a new self-regulatory organization: the Chambre de l'assurance.
  • The subsequent transfer of oversight of Québec mutual fund representatives to the Canadian Investment Regulatory Organization (CIRO), and the withdrawal of oversight of scholarship plan representatives.

The official information on the transfer of oversight for mutual fund representatives can be found on the CIRO website, on this page. 

The purpose of this FAQ is to provide clear answers to any questions you may have about the impact of the new Act on your professional activities, obligations and services.

FAQ

Continuing education requirements for the current cycle remain unchanged for mutual fund representatives, financial security advisors and group insurance and annuity advisors. You must continue to accumulate the required  PDUs by November 30, 2027.

CIRO has indicated its intention to maintain the same continuing education requirements for mutual fund representatives for the current cycle, ending on November 30, 2027. 

The deadline for completing the Déonto Plus course is November 30, 2027. Should this change, we will inform you. We recommend that all our members take the course as soon as possible, as it contains notions that are essential to your professional practice. It is also recognized by CIRO for 3 PDUs.

The CSF website,  CSF training courses and your Member Area will remain online. Log in to your file to chat with our teams or consult our interactive FAQ at your convenience.

The mutual fund training courses developed by the CSF will remain available online and will continue to be eligible for PDU credits. These courses are already recognized by CIRO and will continue to be so for the duration of their recognition period.

Any training recognized by the CSF is automatically recognized by CIRO for the same period of validity. This recognition will remain in effect after the transfer of the supervision of mutual fund representatives.

For the time beeing, the obligations remain the same for all professionals who were supervised by the CSF: mutual fund representatives, scholarship plan representatives, financial security advisors, group insurance and annuity advisors and financial planners.

You will be kept informed of any changes to your obligations as a result of the transfer of oversight in certain fields.

Please feel free to consult the InfoDéonto section of the CSF website for any questions you may have about your obligations and best practices.

The syndic's office continues its activities, and you have the obligation to cooperate with the investigation.

The Chambre de l'assurance will keep you informed by e-mail of major milestones, including any adjustments that may affect your professional practice.

CSF newsletters, InfoCSF+ and CE-Letter+ will also continue to be sent out on a regular basis.

Mutual fund representatives can find information on the CIRO website’s page dedicated to the transfer, as well as from their firm’s compliance officers.