IFIC Mutual Funds Licensing Practice Exam · Question
Scenario 59: DSC (Deferred Sales Charge) banned in Canada effective:
CSA prohibition. The correct answer is "June 1, 2022". This reflects the accepted standard for the ific assessment and aligns with the official handbook for thi
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Question: Scenario 59: DSC (Deferred Sales Charge) banned in Canada effective:
Answer options: ✅ June 1, 2022
- 2010
- Never
- 2030
Correct answer: June 1, 2022
Explanation: CSA prohibition. The correct answer is "June 1, 2022". This reflects the accepted standard for the ific assessment and aligns with the official handbook for this competency. The correct answer is "June 1, 2022". This capacity-fill scenario 59 reinforces the same competency for the ific bank and follows the certified explanation standard.
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