ETF Proficiency Course
For Mutual Fund Dealing Representatives
This course is all about satisfying the proficiency requirements for mutual fund Representatives to offer exchange traded funds (ETFs) to clients. Learn about the basics of ETFs; how they're created, purchased and redeemed; and the risks, features and benefits of ETFs.
Complete the entire course on your phone or tablet with the Learnedly mobile app for iOS and Android devices.
Access any video in just three clicks.
Videos are 1 - 5 minutes in length. Complete the course on any desktop, or download videos to watch offline through the Learnedly app.
The course follows the curriculum requirements outlined in the MFDA's Policy Number 8:
Proficiency Standard for Approved Persons selling Exchange Traded Funds ("ETFs")
Introduction to ETFs
Defining an ETF
Licensing Requirements and Limitations
ETFs that may be Sold by Dealing Representatives
Regulation of ETFs
ETF Facts Document
Independent Review Committee (IRC)
IRC Conflict Decision Tree
Characteristics of ETFs
Passive Vs. Active ETFs
Creating and Redeeming Units
Comparing ETF Features and Benefits
Interest Rate Risk
Foreign Investment Risk
Market Price Discount/Premium
ETF Risk Commercial
Introducing Financial Markets
TSX Trading Schedule
Standard Trading Units
Trading ETFs on an Exchange
Market Depth and Liquidity
How an ETF is Quoted
Understanding the Role of the Designated Broker
Measure Units for Processing a Trade
Place a Trade
Settling a Trade
Changing a Trade Order
ETF Trade Orders: Quantity
ETF Trade Orders: Duration
ETF Trade Orders: Price
Cum-distributions and Ex-distributions
ETF Splits and Consolidations
Investing in ETFs
ETFs and Taxes
Universal Market Integrity Rules (UMIR)
Best Execution for Entering Trade Orders
Obligations to Your Client
Two ways to register
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