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Rules and operation of the 2025 Bourstad Challenge

Participation
Securities transactions
Prizes awarded
Deadlines

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Deadlines
All dates and periods relating to the 2025 Bourstad Challenge.
Summary table of the deadlines of the 2025 Bourstad Challenge

Deadlines
All dates and periods relating to the 2025 Bourstad Challenge.
- Beginning of the 2025 Bourstad Challenge
  When can participants begin trading on their participating account?
- Definition of the investor-client
  Participants must define the fictitious investor whose portfolio they manage in the simulation.
- Creation of the initial portfolio management strategy
  Participants must describe the strategy they plan to implement to achieve the goals of the investor they have defined.
- Define the participant's learning objectives
  Participants must define the learning objectives they pursue during the simulation.
- Provide additional justifications for a transaction
  The participants can after having registered a transaction bring financial or extra-financial justifications for this transaction.
- Adjust the portfolio management strategy
  Participants may make adjustments to their portfolio management strategy after the deadline for defining the initial strategy.
- Qualifying test period for the Responsible Investment component
  Participants in the Responsible Investment component must complete the qualification test during the test period.
- Self-assessment of learning achieved
  Participants must describe the learning they have achieved during the simulation.
- End of the 2025 Bourstad Challenge
  When does the 2025 Bourstad Challenge end?
- Call for testimonials from the Autorité des marchés financiers
  Following the conclusion of the 2025 Bourstad Challenge, the Autorité des marchés financiers, CIRANO's main partner in the Bourstad program, is inviting participants to submit a testimonial about their learning experience.
- Summary table of the deadlines of the 2025 Bourstad Challenge

Summary table of the deadlines of the 2025 Bourstad Challenge

This table gives a view of the important dates of the simulation.

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