CIRO Supervisor Practice Questions - CIRO Supervisor Exam

The Branch Manager may delegate the task of daily trade log review to a registered supervisor, but the Branch Manager retains ultimate regulatory accountability for branch supervision. The Branch Manager may delegate both the daily trade log review tasks and the ultimate regulatory accountability to any registered representative with at least two years of experience. The Branch Manager cannot delegate any daily supervisory tasks, and all trade log reviews must be conducted personally by the Branch Manager. Delegation of supervisory tasks is only permitted if the Chief Compliance Officer (CCO) signs off on each individual delegated transaction.