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Canadian Securities Course (CSC) Exam 2

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Question 1

Anika, a portfolio manager for a large Canadian pension fund, must liquidate a 750,000-share position in a mid-cap technology firm. The stock's average daily trading volume on the TSX is approximately 300,000 shares. To avoid significant negative market impact, she considers routing the entire block order to a dark pool. From a Canadian regulatory perspective, what is the most significant trade-off associated with the widespread use of dark pools for such transactions?
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About this exam

Canadian Securities Course (CSC) Exam 2

Portfolio construction, taxation, managed products, and client advice.

CSIIntermediate

Exam syllabus

What CSC 2 candidates need to cover

CSC Exam 2 is more advisory and application-driven. Candidates usually need stronger repetition on suitability, managed products, tax, and portfolio decisions than on raw memorization alone.

1

Client profiles, suitability, and investment policy logic

2

Portfolio construction, rebalancing, and risk budgeting

3

Taxation, registered plans, and after-tax decision making

4

Managed products, wrap solutions, and product comparison

5

Retirement, estate, and long-term planning considerations

6

Performance review and recommendation alignment

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