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Registrant Prep
Built for the 2026 CIRO Proficiency Model

The Canadian Securities Course no longer counts at investment dealers.Pass the CIRE that replaced it.

$29.99/month covers all 9 CIRO exams. Element 1 free forever, no card. AI tutor cites the rule on every wrong answer.

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CIRE Practice
01 / 04

Element 6 · AML & Structuring

6.2

A client makes deposits just under $10,000 on consecutive days, then wires the funds abroad. Which PCMLTFA concept best describes the pattern?

  • AA large cash transaction
  • BStructuring (smurfing),itself a criminal offence
  • CLegitimate use of multiple banking relationships
  • DA politically exposed person transaction

AI Explanation

Sub-threshold deposits to avoid mandatory reporting is structuring under PCMLTFA,a criminal offence, not just a reporting trigger.

  • 16,512+Practice questions
  • 880Written lessons
  • 9,942+Flashcards
  • 45Full mock exams
  • DailyAI tutor · fair-use allowance

Source material

Built on the rules CIRO points you to

Every question and lesson cites the actual rule, section, or guidance note. No re-licensed CSI content. No paraphrase chains.

  • CitedIDPCCIRO Investment Dealer & Partially Consolidated Rules
  • CitedUMIRUniversal Market Integrity Rules
  • CitedPCMLTFAProceeds of Crime (Money Laundering) and Terrorist Financing Act
  • CitedNI 31-103Registration Requirements
  • CitedNI 81-102Investment Funds
  • CitedOSCOntario Securities Commission notices
  • CitedFINTRACAML reporting guidance

Try a real one

Every question maps to a CIRO outcome

No regurgitated test-bank stems. Every question we ship is tagged to a specific learning outcome from the published CIRO blueprint, with an explanation grounded in the actual rule it tests.

  • Element + outcome key on every question
  • Distractors built from common misconceptions, not noise
  • Source ref to NI 31-103, UMIR, PCMLTFA or the IDPC Rules
  • Bloom verb tag (Remember / Understand / Apply / Analyze)
See 25 more in the free mock exam
CIRE · Element 1 · AML and StructuringOutcome 1.10

A compliance officer at a dealer member reviews a client's account and notices a series of deposits just below $10,000 made on consecutive days, followed by a wire transfer abroad to a jurisdiction with limited AML oversight. Which PCMLTFA concept best describes this pattern?

Answer choices

Pick an answer to reveal the explanation and source rule.

AI tutor included

No ChatGPT subscription needed.

The Registrant Prep AI tutor is grounded in the actual rules CIRO tests: IDPC, UMIR, PCMLTFA, NI 31-103. It cites specific sections. Generic AI guesses; ours doesn't. Included with every subscription.

  • Cites NI 31-103, UMIR, the IDPC Rules and PCMLTFA by section
  • Won't answer outside the syllabus, so no hallucinated section numbers
  • Available on every wrong answer, every practice question, every mock exam review
Tutor · Element 3 · SuitabilityCIRE · Q12
Why isn't option C the right answer? The client signed the margin agreement and acknowledged the risks.
AI

Signing a margin agreement and acknowledging risks doesn't discharge the suitability obligation. Under NI 31-103 and the CIRO IDPC Rules, suitability applies to eachrecommendation, not just at account opening, and a 3× leveraged position has to fit the client's KYC profile (income, risk tolerance, time horizon) on its own merits.

Option C frames the signed margin agreement as a waiver. Canadian securities regulation doesn't recognize that kind of contractual opt-out from suitability.

Source: NI 31-103 / IDPC Rules (Suitability and Margin)

What about a sophisticated client who self-certifies?
AI

Sophistication can change howyou document the suitability analysis (e.g. permitted client status under NI 31-103), but it doesn't eliminate the obligation for retail or near-retail accounts. Client self-certification is one input, not a substitute for the registrant's own assessment.

Ask a follow-up…Included with your subscription

What you actually use

Four features that compound the practice loop.

Most prep platforms sell a question count. We build the loop that turns each question into more practice, more feedback, and a clearer answer to the only question that matters.

  • Dashboard

    Calibrated pass-probability score

    One ring, 0-100. Blends accuracy, breadth, lesson depth, and your best mock. Recency decays it. The number you stare at to decide whether to book the exam.

    73On track
  • On every Q

    Teach it back, get graded

    Explain the rule in your own words. The AI scores 0-100, lists what you covered, what you missed, and any factual misconceptions. Feynman technique, automated.

    82/100 · You explained account-level suitability well, but missed the CFR best-interest framing.

  • On every Q

    Drill a fresh AI variation

    Generate a similar or harder version of any practice question. Different scenario, same outcome, plausible distractors. The bank stops feeling finite.

    Same outcome 3.11· "A client requests 3× leverage on a margin account..."

  • Dashboard

    Your 5 weakest outcomes by name

    The dashboard names the specific outcomes pulling your score down and sends you straight to drill them. No guessing what to study next.

    3.11 Suitability · 42%

    8.1 Options features · 48%

See where you stand free$249/year for all of it

CSC → CIRO Proficiency

What actually changed in 2026

Until 2026, the Canadian Securities Course was the gateway credential at investment dealers. On January 1, 2026, CIRO replaced it there with a role-based proficiency model. If you started studying for the CSC, this is the new path.

  • Course structure

    BeforeThe CSC plus other CSI courses by role, such as CPH and WME

    After9 specialized exams under the CIRO Proficiency Model, with no mandatory courses

  • Delivery

    BeforeCSI-administered

    AfterFitch Learning delivers the exams for CIRO

  • Career path

    BeforeCSC unlocks most retail roles

    AfterPick the exam that maps to your role: Retail Securities, Institutional Securities, Supervisor, Trader, Derivatives, Director and Executive, CCO, CFO

  • Effective date

    BeforeCounted for investment dealer approval until Dec 31, 2025. Enrolled before 2026? Finish by Dec 31, 2026

    AfterNew rules from Jan 1, 2026. First CIRO exams available Jan 9, 2026

Coverage

All nine CIRO exam courses live today. One subscription covers everything.

CIRE, Retail Securities, Supervisor, Derivatives, Trader, Institutional Securities, Director and Executive, CCO, and CFO are open with full practice banks, lessons, mock exams, flashcards, and the AI tutor. Every course launches with 1,500+ practice questions and two full-length mock exams plus a custom mock built from your weak areas, grounded in the official CIRO syllabus.

See exam directory →

How Registrant Prep works

Built for the way CIRO actually tests you

Registrant Prep was built for the CIRO Proficiency Model from the start. Every feature is mapped to the published CIRO syllabi.

  • Blueprint-aligned practice

    Every question maps to a specific CIRO learning outcome. Filter by element, weight, or sub-point, not vague topics.

  • Spaced review built in

    Missed questions return on a confidence-weighted schedule. Mastery is tracked outcome by outcome, not just total score.

  • AI tutor on every wrong answer

    Ask why a distractor is wrong or have the rule explained. Cited from NI 31-103, UMIR, PCMLTFA, and the IDPC Rules.

  • Realistic mock exams

    Timed Fitch-style sittings with real question counts and time limits. On exam day you only get an on-screen calculator, so practice without your own. Pass with the conditions you'll face.

  • Weak-topic targeting

    One click pulls a rapid-fire drill from your weakest outcomes. Spend time where it actually moves your score.

  • Outcome-level mastery

    See your readiness mapped against the 870 outcomes CIRO will actually test. No more studying things you've already got.

  • All 9 exams included

    Pass the CIRE, then continue into Retail, Supervisor, Trader, or Derivatives without switching platforms or paying again.

  • Built in Canada

    Made for Canadian regulation. PIPEDA-compliant data handling, CAD billing, and an emerald-and-gold colourway because we like it that way.

CIRO checklist

Scored against CIRO's own checklist

Page 6 of CIRO's CIRE Guide for Studying tells candidates exactly what to look for in a prep provider. Here's how Registrant Prep scores against each of those nine criteria, scored honestly.

4 solid4 partial1 gap

The gaps are honest.

  • Reputation and reviews

    CIRO: Look for a prep provider with a solid reputation, and check independent reviews to gauge success rates.

    Candidate testimonials are on this page. We're new, so there are no independent review-site ratings yet.

  • Accreditation and credentials

    CIRO: Check whether providers are accredited by relevant bodies and verify the qualifications of their instructors.

    No prep provider is accredited by CIRO. They don't endorse anyone. Content is built from CIRO source rules with citations on every concept.

  • Comprehensive study materials

    CIRO: Up-to-date materials covering all learning outcomes. Variety: textbooks, online modules, practice exams, interactive tools.

    214 concepts across PCMLTFA, IDPC, UMIR. Mapped to the 870 learning outcomes in all 9 CIRO syllabi.

  • Structured study plan

    CIRO: A structured plan that aligns with your exam schedule, with guidance on time management.

    Diagnostic + element-by-element results today. Full study planner is on the roadmap.

  • Flexibility and accessibility

    CIRO: Flexible learning options (online courses, live webinars, on-demand video). User-friendly across devices.

    Web-only, mobile-responsive. Native app and on-demand video are not built yet.

  • Practice exams and assessments

    CIRO: Ample practice exams that mimic the actual format. Detailed feedback for every wrong answer.

    25-question mock exam live, with rule-cited explanations. Full timed mocks ship with the paid product.

  • Student support

    CIRO: Tutoring, study groups, help desks, forums, instructor access. Customer support availability matters.

    AI tutor on every wrong answer is the support today. Human-tutor and forums are not built yet.

  • Cost and value

    CIRO: Compare cost. Evaluate what's included and the value for the price.

    Free first module of every course. $29.99/mo or $249/yr unlocks the rest. All 9 exams included.

  • Trial options

    CIRO: Free trials or sample materials let you assess quality, variety, and fit before committing.

    Free first module of every course + 25-question CIRE mock with element-level results. No card.

Free downloads

Three resources before you spend a dollar.

Email-only. We send the link, you keep it. Same primary-source citations as the paid lessons. Use them on their own or as a complement to whatever course you already bought.

Candidates passing

The mock exam told them where to focus.

A few of the candidates who shared what worked for them.

  • “I had three weeks to flip from the old CSC to the new CIRE. The mock exam told me exactly which elements I was weak on, then the AI tutor walked me through the rule citations one by one. Passed first try.”

    Sarah K.

    Toronto, ON · Passed CIRE

  • “Mock A and Mock B are scary-close to the real exam in tone. I scored 71 on Mock A, 76 on Mock B, then passed the real one. Worth $249 ten times over.”

    Marcus T.

    Vancouver, BC · Passed CIRE

  • “The flashcards are what got KYC and suitability into my head. SM-2 surfaced the right card the morning of the exam. RSE done in one sitting.”

    Priya R.

    Calgary, AB · Passed RSE

  • “I bounced off CSI's textbook three times. Registrant Prep's lessons are short and cite real rule sections instead of paraphrasing them. The AI tutor catches the gaps. The free first module is what got me to try it. Subscribed after a week.”

    Daniel C.

    Montréal, QC · Passed CIRE

Where our candidates work

  • RBC Dominion Securities
  • TD Wealth
  • BMO Nesbitt Burns
  • Scotia Wealth Management
  • CIBC Wood Gundy
  • National Bank Financial
  • Wellington-Altus
  • Canaccord Genuity
  • Raymond James
  • Edward Jones Canada
  • iA Private Wealth
  • Manulife Securities
  • Sun Life Financial

Registrant Prep is independent. Not affiliated with the firms listed, with CIRO, CSI, or Fitch Learning.

How we stack up

What you get beyond the free CIRO materials

CIRO publishes the syllabus, a Guide for Studying and one practice exam for free. Here is what one subscription adds on top.

Element 1 free in every course.

See pricing

Annual cost (CIRE prep)

Registrant PrepSelf-study
$249$0

Practice questions

Registrant PrepSelf-study
3,000+110

Written lessons covering every outcome

Registrant PrepSelf-study

AI tutor on every wrong answer

Registrant PrepSelf-study

Spaced-repetition flashcards

Registrant PrepSelf-study

Two full mocks + custom weak-area mock

Registrant PrepSelf-study
1

Free 25-question mock exam

Registrant PrepSelf-study

Includes other 8 CIRO exams

Registrant PrepSelf-study
—

30-day money-back (annual)

Registrant PrepSelf-study
—
See pricing

Self-study column assumes the free materials on CIRO's Exam Hub.

Pricing

One subscription. Every CIRO exam.

Element 1 of every course is free: full lessons, the practice bank, the AI tutor. No card to try. Pay when you want the rest of the course.

Free

Try it before you decide

$0

No card required

  • 25-question CIRE mock exam
  • Full Element 1 (Regulatory framework)
  • 30-question cross-element mini-mock
  • AI tutor on mock exam + Element 1
  • Mobile + desktop, synced
Sign up free

Monthly

Pay only when you're hooked

$29.99CAD / mo

Billed monthly

  • All 9 CIRO exams (CIRE, Retail Securities, Supervisor, Trader, Derivatives, Institutional Securities, Director and Executive, CCO, CFO)
  • 16,500+ practice questions across all exams
  • Two disjoint 110-question mock exams per course
  • 9,000+ confidence-aware flashcards
  • AI tutor with daily fair-use allowance
  • Bookmarks + weakness drill
  • Mobile + desktop, synced
Cancel anytime, no lock-in
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Best value

Annual

Save $110 vs monthly

$249CAD / yr$359.88

~$20.75 / month, lock in for a year

  • Everything in Monthly
  • Best per-month rate ($20.75 / mo)
  • Access for a full year
  • Priority support
30-day money-back, no questions
Start annual, save $110

STUDY15

15% off your first 3 months

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Don't want a subscription?

Exam Pass: pay for 3 months, get 4.

$89.99 CAD once, three months' price for four months of everything. Nothing renews, nothing to cancel. Covers a full study window for any CIRO exam.

Get the Exam Pass, $89.99

Monthly is cancel-anytime with no lock-in. The annual plan adds a 30-day money-back guarantee. Prices in CAD.

The path

From CSC dropout to CIRE-ready in 3 steps

  1. Step 01

    Take the free CIRE mock exam

    25 questions across all 9 elements. Get an outcome-by-outcome score in about 25 minutes, with no card and no email gate on the result.

  2. Step 02

    Practice where you're weak

    Spaced review schedules questions on a confidence-weighted curve. The AI tutor explains every wrong answer against the source rule.

  3. Step 03

    Sit a full timed mock, then book the real exam

    Realistic Fitch-style timing, real question count, real conditions. Then book the real exam with a clearer view of where you stand.

Start with the mock examSee pricing
A note from the team

We're new. Here's why that matters.

Registrant Prep was built from the CIRE blueprint outward. Every question maps to a specific outcome from CIRO's published syllabus. Every explanation cites a section of the actual rule it tests. The AI tutor is trained on IDPC Rules, UMIR, PCMLTFA, and NI 31-103, not on a general-purpose corpus that guesses about Canadian securities law.

If you find anything wrong, in a question, an explanation, a citation, please tell us. [email protected]. We'll fix it within a day.

Try the free CIRE mock examSee what we cover

Common questions

Quick answers

No. Registrant Prep is independent. We build our content from CIRO's published exam blueprints, but we are not the regulator and we do not administer exams. Fitch Learning delivers the official CIRO exams.

All nine. CIRE, Retail Securities, Institutional Securities, Supervisor, Trader, Derivatives, Director & Executive, CCO, and CFO. There are no per-exam upsells.

25 questions across all 9 CIRE elements. You get an element-by-element score, the correct answer for every question, and the rule each one tests. No card, no email gate on the result.

The free mock exam is the trial. It uses the same engine and the same blueprint mapping you'd see in the paid product. If it feels right, $29.99 unlocks everything.

It depends on where you are. If you were an Approved Person on December 31, 2025, you can stay in the same role without the new exams, but you must finish CIRO Conduct Training by December 31, 2026. If you are not yet approved, a CSC you enrolled in before 2026 can still count if it meets the old requirement for your role and your dealer files your application before January 1, 2027. CFA and CIM holders have separate exemptions. Our /csc-replacement page covers the cases we know about, but registration paths are role-specific. Confirm with CIRO before relying on any equivalency.

Yes, anytime, from your billing settings. Your subscription stays active through the end of the period you've already paid for.

No. Anyone promising you a guaranteed pass on a CIRO exam is selling you something they can't deliver. We promise the questions are blueprint-aligned and the explanations are correct. The studying is on you.

Find out where you stand on the new CIRE

Take the free 25-question mock exam. Get an outcome-by-outcome readout in under 30 minutes, with no card and no email-walled paywall on the result.

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