Apr 3, 2024 | News
FROM THE INSURANCE COUNCIL OF MANITOBA
Renewal will be open in May, and the ICM will advise all licence holders via email when they may proceed with their renewal application.
Renewal 2023 showed that 455 renewal applications were flagged for manual review by the ICM. Of the 455 applications, 218 required review due to a disclosure of an additional occupation that was not previously reported to the ICM. This delayed the renewal of their licences, and in some instances, delayed their ability to renew prior to the deadline of May 31.
Additional common issues that the ICM sees on renewal applications, causing delays in renewal are:
1) Failure to report Material Changes within 15 days, such as an additional occupation and disciplinary actions. Material changes can include a disciplinary action, such as a Consensual Agreement and Undertaking, administrative penalty, civil penalty, an order, or any other form of offence, by any regulatory or licensing authority, other than the ICM.
A letter of caution, a warning letter, or a review/audit is not considered a disciplinary action and is not required to be reported.
2) Licence holders changing the province in which they live and failing to notify the ICM of this change within 15 days. This not only impacts the address of the licence holder but could potentially impact other mandatory licensing requirements such as their annual continuing education requirement.
ICM Accredited CE COURSES
Ensuring the correct disclosures are made as required will help avoid unnecessary delays during licence renewal.
For more information visit the ICM
Oct 31, 2022 | News
Où sont passé mes cours ?
ENGLISH
Si vos cours n’apparaissent plus dans la liste déroulante des cours dans le menu de votre compte ilscorp, il se peut que la validité de vos cours ait expiré.
Les cours de l’ilscorp sont disponibles durant un certain temps à compter de la date d’achat. Les abonnements aux cours de FC et les cours individuels sont disponibles pendant 6 mois à compter de la date d’achat. Les cours de Courtier d’assurance accrédité canadien sont accessibles durant 4 mois, une licence de niveau 1 durant 3 mois, le tout étant accessible indéfiniment. Si vous vous connectez à votre profil de l’ilscorp et que vous ne voyez aucun cours répertorié sous l’onglet « Mes cours », vous pouvez renouveler votre abonnement aux cours, ou, le cas échéant, l’acheter, à partir du Catalogue des cours de l’ilscorp, ou en choisissant votre Catégorie d’abonnement ici. Une fois votre achat conclu, vous pourrez accéder immédiatement à vos cours.
Comment puis-je m’inscrire en ligne à d’autres cours d’assurance ?
Afin de renouveler votre abonnement ou de vous inscrire à un cours de licence :
- Allez sur www.ilscorp.com
- Ne vous connectez pas ; trouvez le cours que vous souhaitez suivre sur la page d’accueil et cliquez sur « Acheter maintenant »
- Si vous êtes un utilisateur récurrent, saisissez votre nom d’identifiant ou votre mot de passe actuel, puis cliquez sur « Se connecter » (ne créez pas de nouveau compte)
- Si vous êtes un nouvel utilisateur, créez un nouveau compte et saisissez tous les renseignements pertinents, puis cliquez sur « Soumettre les informations »
- Saisissez les informations de votre carte de crédit telles qu’elles apparaissent sur votre relevé de facturation
Une fois que je suis inscrit(e), comment puis-je accéder à mes cours d’assurance en ligne ?
Afin d’accéder à vos cours :
- Connectez-vous sur www.ilscorp.com avec votre nom d’identifiant et votre mot de passe
- Sur l’onglet supérieur, cliquez sur « Mes cours »
Sélectionnez une catégorie de cours ; cliquez sur un titre de cours dans cette catégorie pour commencer à suivre les cours
Oct 4, 2022 | Ethics CE, News
Mutual Funds Dealers Association of Canada
ILScorp currently has 2 MFDA accredited courses and more coming soon! Courses listed at the bottom of this post.
MFDA Continuing Education Requirements
MFDA Rule 1.2 and 1.2.6 and Policy 9 (collectively the “CE requirements”) came into effect on December 1, 2021. Only recognized Continuing Education (CE) activities taken on or after this date can be reported in the CE Reporting and Tracking System (“CERTS”) and count towards the fulfillment of the new CE Requirements.
All Participants must complete the required number of credits in each CE cycle. Each cycle will be 2 years in length, starting December 1 of each odd numbered year. This aligns with the CSF’s continuing education cycle.
Participants registered as Dealing Representatives must take 30 credits total in each cycle, which is comprised of:
- 8 Business Conduct (BC) Credits. A minimum of 1 and maximum of 2 of these Business Conduct Credits must relate to ethics. A single Business Conduct Credit consists of 1 hour of training in educational material that promotes, directs and guides ethical and compliant conduct. It includes education regarding ethical issues, MFDA Rules and Policies, other applicable legislation, and Member’s policies and procedures for complying with regulatory requirements. This would include topics such as conflicts of interest, Know-Your-Client standard and suitability, and complaint handling.
- 20 Professional Development (PD) Credits. A single Professional Development Credit consists of 1 hour of training in educational material that maintains or enhances an advisor’s financial knowledge or proficiency. This would include topics such as products, financial planning, and investment strategies and asset allocation.
- 2 MFDA Compliance (MC) Credits. These must be obtained by completing continuing education activities specifically created and designated by the MFDA for the purposes of MFDA Compliance Credits.
Those Participants who are not Dealing Representatives, but are registered or designated as Chief Compliance Officers (CCOs), Ultimate Designated Persons (UDPs), Branch Managers (BMs), Alternate CCOs or Alternate BMs are required to take 10 credits total in each cycle: 8 Business Conduct credits (1 to 2 in ethics) and 2 MFDA Compliance credits.
For further guidance and information, please refer to the following: CE PARTICIPANT GUIDE
ILScorp currently has 2 courses accredited in the credit category of MFDA Business Conduct – Ethics – available now as part of the FP Canada CE Subscription.
Courses Accredited as MFDA Business Conduct – Ethics CE
The Ethical Agent Part 1
Credit Hours: 2
Credit Type: MFDA Business Conduct – Ethics / FP – Professional Responsibility
Credit #: MFDA# 1000000451
The Ethical Agent Part 2
Credit Hours: 2
Credit Type: MFDA Business Conduct – Ethics / FP – Professional Responsibility
Credit #: MFDA# 1000000452