Investment Dealer business model and related areas
Study the investment dealer business model and related areas domain of the CIRO Director and Executive Exam and the section-level rules, workflows, and control points it tests.
Chapter 2 follows the official CIRO Director and Executive Exam syllabus element Investment Dealer business model and related areas. This domain carries 9 questions (~12%), so your study depth should reflect both its weighting and how often it drives scenario-based judgment on this exam.
The strongest exam answers in this chapter usually do two things well: they classify the situation correctly before choosing an action, and they connect the rule to the actual business, client, market, finance, or supervisory consequence. That is usually where weaker answers lose precision.
Section Map
2.1 Client types
2.2 Business models
2.3 Services provided by the Investment Dealer
2.4 Account types
2.5 Basic types of securities
2.6 Complex types of securities and products
2.7 Types of derivatives
2.8 Compensation structures
2.9 Profitability measures
2.10 Development, evaluation, and delivery of products and services
2.11 Product due diligence requirements and exemptions
2.12 Product due diligence policies and procedures
Study Priority
Official weighting: 9 questions (~12%)
Learn the rule language, but spend most of your time on scenario translation: what changes in practice, what must be documented, what must be recalculated, and what must be escalated.
Analyze the risks, opportunities, and requirements associated with underwriting, capital raising, M&A and corporate advisory services, trading and sales, and research.
Analyze the risks, opportunities, and requirements associated with advisory, in-house managed, third-party managed, discretionary, fee-based or wrap, tax-deferred, margin, and derivatives accounts.
Understand requirements for development, evaluation, and delivery of products and services, including product risk characteristics and appropriate account usage.