CPH (Canadian Securities & Investment) cheat sheet
CPH · Keep the key ideas within reach.
Canadian investment conduct: discover, assess, explain and maintain
Gather client facts and understand the product.
Distinguish risk tolerance from capacity for loss.
Disclosure and consent do not excuse every conflict or false record.
Current CIRO proficiency and transition requirements need separate verification.
Separate instrument claims, timing, fees and risk.
Expected return is not a guaranteed outcome.
Covariance matters for portfolio volatility and diversification has limits.
Use coherent cash-flow, benchmark and valuation assumptions.
Expected loss is an average under a stated model, not a maximum.
VaR does not bound losses or fully describe the tail.
Funding and market liquidity can deteriorate together.
Validate models and monitor assumptions, data and intended use.