From Wikipedia, the free encyclopedia
The following is a list of
securities examinations and the organizations that offer them.
Africa
The
Securities Industry Training Institute East Africa (SITI) was conceptualized in 2008 to standardize and administer market education for the
East African region. It is a joint effort involving the region's
Central Depository & Settlement Corporation Ltd (CDSC) and the following exchanges:
Ethiopia Institute of Financial Studies (EIFS) training program
Ghana Stock Exchange (GSE) Securities Courses
Namibia Stock Exchange (NSX) semi-annual Stock-brokering Exams
Nigerian Stock Exchange (NSE) offers a few certificate programs including:
Module 1: The role and responsibilities of compliance officers in the capital market
Module 2: Compliance risk based monitoring programmes
Module 3: Conduct of business obligations of a broker dealer firm
Module 4: Anti-money laundering and terrorist financing
Module 5: Capital market operations
South Africa :
The South African Institute of Financial Markets (SAIFM)
[1] offers the specific technical exams
[2] required with regard to the "Regulated Positions"
[3] of
trader ,
compliance officer , and
settlement officer , at the
JSE Stock Exchange ,
JSE Debt Market ,
South African Futures Exchange ,
AltX , and
STRATE .
SAIFM also offers the "Registered Persons" examinations,
[4] required for licensing as financial market "practitioners" on the various exchanges, selecting up to 8 according to the requirements of the exchange for the specific function; the typical roles here are
investment advisor and
fund manager , as well as those executing transactions. (Additional to these, it offers various training courses and workshops.
[5] )
The
South African Institute of Stockbrokers
[6] administers the six exams required to become a qualified
stockbroker , so as to manage a member firm of the JSE; other requirements are 3 years' work experience, and specified education.
Asia Pacific (ASEAN Plus Three)
Indonesia
Indonesia Stock Exchange (IDX) Educational Programs
IDX Basic Education Program
IDX Intermediate Education Program
IDX Advance Education Program
The Indonesia Capital Market Institute (TICMI) / The Committee For Capital Market Professional Standards (PSPPM)
Wakil Perantara Pedagang Efek (WPPE) / Broker Dealer Representative
Wakil Manajer Investasi (WMI) / Investment Manager Representative
Wakil Penjamin Emisi Efek (WPEE) / Underwriter Representative
Ahli Syariah Pasar Modal (ASPM) / Shariah Capital Market Professional
Singapore
Singapore College of Insurance (SCI)
Malaysia
The Securities Commission of Malaysia (Suruhanjaya Sekuriti Malaysia) provides an overview of licensing/certification in the country for those who deal in securities, derivatives, financial planning, etc.
For actual exam detail, see
SIDC
Module 6: Stock Market and Securities Law
Module 7: Financial Statement Analysis and Asset Valuation
Module 9: Funds Management Regulation
Module 10: Asset and Funds Management
Module 11: Fundamentals of Compliance
Module 12: Investment Management and Corporate Finance
Module 14: Futures and Options
Module 16: Rules and Regulations of Futures and Options
Module 17: Securities and Derivatives Trading (Rules and Regulations)
Module 18: Securities and Derivatives Trading (Products and Analysis)
Module 19: Advisory Services (Rules and Regulations)
Module 19A: Advisory Services (Rules and Regulations) - Part A
Module 19B: Advisory Services (Rules and Regulations) - Part B
China
For Futures Practitioners:
China Futures Association
Futures Practitioner Exam
Futures Analyst Exam
Hong Kong, S.A.R.
The Hong Kong Securities and Investment Institute (HKSI)
Joint Programs with HKSI
India
Japan
Core Knowledge Inc
Japanese Securities Dealers Association (JSDA)
FINRA Series 47
Philippines
Securities Representative Certification Exam (SRCE)
Associated Persons Certification Exam (APCE)
The Investment Company Representative Certification Program (ICRCP)
Thailand
Securities Analysts Association (SAA)
Cambodia
Global
The Middle East
The
Israel Securities Authority requires six exams and an internship to become a portfolio manager. Exams:
Securities Law and Ethics
Accounting
Statistics and Finance
Economics
Securities and Financial Instrument Analysis
Portfolio management
Capital Market Authority (Saudi Arabia)
General Securities Qualification Examination (CME-1)
Compliance &
Anti-money laundering /CTF (CME2)
Broker-Dealer Qualification Certificate (CME-3)
Various courses for The U.A.E. (Dubai, Abu Dhabi), Kuwait, Bahrain, Saudi Arabia
North America
Canada
United States
The following is a list of the U.S.
Financial Industry Regulatory Authority (FINRA),
NASAA , and
National Futures Association (NFA) financial securities examinations. Most FINRA examinations are divided into two categories:
Registered Representative and Registered Principal levels. An asterisk designates that there is no sponsorship requirement in order take the exam.
Registered representative level
SIE – Securities Industry Essentials Exam*
Series 00 – General Securities Principal Exam (Discontinued
Series 1 – Registered Representative Exam (Discontinued)
Series 2 – Non-Member General Securities Exam (Discontinued)
Series 3 – National Commodities Futures Exam*
Series 5 – Interest Rate Options Exams
Series 6 –
Investment Company and Variable Contracts Exam (Mutual Funds Broker/Variable Annuities)
Series 7 –
General Securities Representative Exam (Stockbroker)
Series 11 – Assistant Representative – Order Processing
Series 15 – Foreign Currency Options Exam
Series 17 – United Kingdom Securities Representative Exam
Series 22 – Direct Participation (Limited partnerships) Exam
Series 30 – NFA Branch Manager Exam
Series 31 – Futures – Managed Funds Exam*
Series 32 – Limited Futures Exam - Regulations
Series 37 – Canada Securities Representative Exam - With Options
Series 38 – Canada Securities Representative Exam - No Options
Series 42 – Registered Options Representative Exam
Series 44 – NYSE Arca Options Market Maker Exam
Series 47 – Japanese Module of the General Securities Exam
Series 50 – Municipal Advisor Representative Exam
Series 52 – Municipal Securities Representative Exam
Series 55 – Equity Trader – Limited Representative Exam
Series 56 – Proprietary Trader Qualification Exam
Series 57 – Securities Trader Qualification Exam
[7]
Series 62 – Corporate Securities – Limited Representative Exam (Discontinued)
Series 63 –
Uniform Securities Agent State Law Exam *
Series 65 –
Uniform Investment Adviser Law Exam *
Series 66 –
Uniform Combined State Law Exam (Combined 63 and 65)*
Series 72 – Government Securities – Limited Representative
Series 79 –
Investment Banking Exam
Series 82 – Private Securities Offerings – Limited Representative
Series 86 – Research Analyst – Securities Analysis
[8]
Series 87 – Research Analyst – Regulations
[8]
Series 99 – Operations Professional
Registered principal level
Series 4 – Registered Options Principal Exam
Series 8 – General Securities Sales Supervisor Exam – Options Module & General Module (Discontinued)
Series 9 – General Securities Sales Supervisor Exam – Options
Series 10 – General Securities Sales Supervisor Exam – General Module
Series 12 – NYSE Branch Manager
Series 14 –
NYSE Compliance Officer
Series 14A – NYSE DMM Compliance Official Examination
Series 16 – NYSE Supervisory Analyst
Series 23 – General Securities Principal (Upgrade from Series 9 and 10)
Series 24 –
General Securities Principal Exam
Series 26 – Investment Company and Variable Contracts Products Principal Exam
Series 27 – Financial and Operations Principal Exam
Series 28 – Financial and Operations Principal Introducing Broker Exam
Series 39 – Direct Participation Programs Principal Exam
Series 51 – Municipal Fund Securities Limited Principal
Series 53 – Municipal Securities Principal Exam
Latin America
Brazil
Issued by ANBIMA (Brazilian Association of Financial and Capital Markets):
CPA-10 (Securities Representative - for Retail Investors)
CPA-20 (Securities Representative - for Qualified Investors)
CEA (Retail Account Financial Advisor)
CGA (Professional Portfolio Management)
AAI (Autonomous Investment Agent)
Issued by APIMEC (Brazilian Association of Investment and Capital Markets Professionals):
CNPI (Fundamental Securities Research) [Required for all fundamental sell-side research analysts]
CNPI-T (Technical Securities Research) [Required for all technical sell-side research analysts]
CNPI-P (Fundamental and Technical Securities Research)
Costa Rica
Securities broker license
Operator and promoter in currency derivatives
Europe
See also
References
External links