Warning

COVID-19

Cancellation of Examinations for the week of January 11, 2021


New government measures and exam sessions continued

Due to the new government measures, the Autorité des marchés financiers (AMF) is strengthening its health guidelines for examinations held on its premises in order to prevent the spread of COVID-19 and ensure a safe exam environment.

Examinations, which will resume as of the week of January 18, 2021, will therefore be held under new guidelines. In particular:

  • Exam room seating will be reduced
  • Masks will be provided to candidates when they arrive. They will have to be worn on the AMF’s premises at all times, including during examinations

Candidates who registered in January 2021 have received an e-mail explaining how to reregister for their examinations at no charge.

End of the warning

The following section addresses the questions most frequently asked by replacement supervisors about the probationary period.

How many supervisors can a trainee have during the probationary period?

A trainee can have a maximum of two supervisors during the probationary period. Both supervisors must complete the supervisor statement. However, only one of the supervisors is required to complete the supervisor’s recommendation form at the end of the trainee’s probationary period.  

How many replacement supervisors can a trainee have during the probationary period?

Each supervisor can have a replacement. If two supervisors are overseeing a trainee’s probationary period, then there can be a maximum of two replacement supervisors during this period.    

Warning

Since replacement supervisors oversee a trainee for only a specific period, they cannot submit the recommendation to the AMF  

End of the warning

How long must an employer keep a trainee’s file?

The supervisor must create a file for each trainee attesting to the quality of the oversight provided by the supervisor and the employer. The employer must keep the file for five years.  

How can the probationary period be interrupted and extended?

The trainee and the supervisor can submit an application to interrupt the probationary period via AMF E-Services or by mail. Supporting evidence of the reason for the probationary period interruption must be provided.

The probationary period can be interrupted for the following reasons:

  • Discontinued by employer
  • Professional departure
  • Sick leave for trainee or supervisor
  • Death of trainee or supervisor or death in the family
  • Parental leave
  • Vacation period not given
  • Probationary period not started
  • Supervisor not in good standing
  • Change of supervisor in a period of less than 10 days
  • NSF cheque
  • Any other reason of superior force
Insight

Once the AMF has processed the application, the employer can submit an application to extend the probationary period if the interruption does not exceed four weeks.  

End of the insight