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CIRO RSE Exam Questions
The Retail Securities Exam (RSE) is one of nine proficiency exams set by the Canadian Investment Regulatory Organization (CIRO), and Registered Representatives who deal with retail clients must pass it. Candidates who already work with clients may find the investment detail the harder part. The sections "Fixed income", "Equities" and "Securities analysis" together account for about 36 of the 120 questions. The largest single section is "Know-Your-Client (KYC) & suitability", at about 27 questions. Practice with RSE exam questions until both sides feel routine.
| The RSE Proficiency Requirement | |
|---|---|
| Requirement | No certificate is issued; passing the RSE is a CIRO proficiency requirement |
| Set by | Canadian Investment Regulatory Organization (CIRO) |
| Job roles | Registered Representatives who deal with retail clients |
| Exams required | The RSE, one of CIRO's nine proficiency exams |
| Result validity | 3 years before the date of application for approval |
| The RSE Exam | |
| Exam name | Retail Securities Exam |
| Exam code | RSE |
| Current exam version | Syllabus last updated 8 May 2025, in nine sections |
| Questions on the real exam | 120, in one paper |
| Question formats | Multiple choice |
| Time allowed | 3 hours |
| Scoring | Pass mark not published by CIRO |
| How you take it | Proctored, remotely or in person, administered by Fitch Learning |
| Exam fee | CAD 475 for the first attempt, CAD 300 for each of the second and third |
| Retake policy | 3 attempts within a 12-month enrolment period; failing three times within six months triggers a six-month cooling-off period |
| Our RSE Practice Questions | |
| Practice questions in our bank | 120 questions |
| Matched to | Kept in line with the current RSE skills outline |
| Question bank updated | Oct 21, 2026 |
| Formats | PDF and practice test (browser-based or Windows desktop), both in one purchase |
| Free demo | Available for both the PDF and the practice test |
| Free updates | 90 days from purchase, with longer periods available at checkout |
Two formats, one purchase, and a free RSE demo of both, so you can judge the questions before your enrolment period starts counting.