Canadian Securities Course (CSC) Level 2 Practice Exam

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Prepare for the Canadian Securities Course Level 2 Exam with our comprehensive practice exam. Engage with multiple-choice questions and gain insights on crucial topics to ensure you're ready for your certification.

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which organization is responsible for overseeing mutual fund regulations?

SRO
IIROC
MFDA
81-101 prospectus

The correct answer is: SRO

The organization responsible for overseeing mutual fund regulations in Canada is the Mutual Fund Dealers Association (MFDA). This organization specifically focuses on regulating mutual fund dealers and their representatives, setting rules for their conduct and ensuring compliance with mutual fund regulations. The other options represent different regulatory bodies or concepts not specifically tailored to mutual funds. The Self-Regulatory Organizations (SRO) encompass various entities but do not focus solely on mutual funds. The Investment Industry Regulatory Organization of Canada (IIROC) regulates investment dealers and trading activity on debt and equity marketplaces. The 81-101 prospectus refers to a specific guideline regarding the contents of mutual fund prospectuses and is not an organization itself. Therefore, the MFDA is the appropriate choice for oversight of mutual fund regulations.