CiroexamCiroexam

9 Cheat Sheets

CIRE Blueprint · 2026

CIRE Element Cheat Sheets

One single-page cheat sheet per CIRE blueprint element. Each one follows the same format: numbered sections, the CIRO rule citations Fitch tests, exam traps with their fixes, and a memory-hooks strip for last-minute drilling. Print, share, and walk into Fitch Learning ready.

1~18% of marks

The Canadian Regulatory Environment

CIRO formed in 2023 from the merger of IIROC and the MFDA. The CIRE tests how CIRO interacts with the provincial securities commissions, CIPF, and the registration framework under NI 31-103. The rule

6 sections · 6 hooksOpen sheet →
2~12% of marks

Ethics, Conduct, and Standards

CIRO Rule 3100 is the standards-of-conduct rule that drives most ethics questions on the CIRE. Expect scenario-based questions applying the rule to a specific fact pattern. Memorize the rule structure

6 sections · 7 hooksOpen sheet →
3~20% of marks (LARGEST element)

Client Account Management

The largest single element on the CIRE. Covers the full lifecycle of a client account under CIRO Rule 3401 (KYC), the modernized suitability framework, account documentation (Rule 3700 trade confirmat

6 sections · 7 hooksOpen sheet →
4~12% of marks

The Canadian Capital Markets

The structure of Canadian securities markets — TSX, TSXV, Cboe, Nasdaq Canada, ATSs — and how order handling, best execution, and the Order Protection Rule work in a fragmented marketplace. T+1 settle

6 sections · 7 hooksOpen sheet →
5~6% of marks

Economic Concepts

The smallest of the foundational elements by mark count. Covers GDP measurement, business cycle, monetary and fiscal policy, the Bank of Canada's role, interest-rate transmission, and the basics of FX

5 sections · 7 hooksOpen sheet →
6~8% of marks

Investment Vehicles

Covers the legal and operational structures Canadians use to hold investments — taxable accounts, registered accounts (RRSP, TFSA, RRIF, RESP, RDSP, FHSA), trusts, segregated funds, and the basic stru

6 sections · 7 hooksOpen sheet →
7~15% of marks (2nd largest)

Investment Products

The largest product-focused element on the CIRE. Covers equities (common, preferred, rights, warrants), fixed income (government, corporate, money market), pooled vehicles (mutual funds, ETFs, segrega

7 sections · 7 hooksOpen sheet →
8~8% of marks

Portfolio Management Fundamentals

The IPS, asset allocation framework, risk-return tradeoff, modern portfolio theory at a conceptual level, and the construction of portfolios for retail clients. Not as deep as a CFA Level 2 PM section

5 sections · 6 hooksOpen sheet →
9~6% of marks

Managing Risk

The smallest element on the CIRE by mark count, but tested every sitting. Covers risk categories (market, credit, liquidity, operational, regulatory, reputational), basic risk measures, and the risk-m

5 sections · 6 hooksOpen sheet →