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Regulatory ComplianceBCMEDIUM

What education must a newly licensed BC trading services licensee complete during their first two-year licence term?

Correct Answer

A) Finish the Applied Practice Course, then Legal Update and Ethics before renewal

BCFSA requires trading services applicants to complete the early components of an Applied Practice Course before licensing and the remaining components within six months of being licensed. To renew, every licensee must complete one Legal Update course and one Ethics course during the two-year licence term; BCFSA no longer uses the former 'Professional Development Program' name.

Answer Options
A
Finish the Applied Practice Course, then Legal Update and Ethics before renewal
B
No continuing education is required in the first licensing period, because the pre-licensing course already covers the required material
C
They must complete 60 hours of elective courses of their own choosing before their first renewal
D
They must complete a single 3-hour ethics course, since ethics is the only mandatory topic for new licensees

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Key Terms

BCFSALegal UpdateEthics courseApplied Practice Courselicence renewal
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