CISI Guidance for Regulators and Firms

Recommendations

Info

Study 130 hours of study time is recommended and you can self-study for the exam using the CISI workbook and accompanying elearning material or have formal training with one of our Accredited Training Partners (ATP). To find an ATP visit cisi.org/atp Assessment A two-hour 100 multiple-choice question exam. The pass mark is 70%. The exam is delivered by Computer Based Testing (CBT). Visit cisi.org/cbt to find your nearest cbt centre. cisi.org/icwim 10
Specific coverage of ESMA guidelines within the International Certificate in Wealth & Investment Management (ICWIM) Syllabus ESMA Criteria for knowledge and competence for staff giving investment advice a) Understand the key characteristics, risk and features of the investment products being offered or recommended, including any general tax implications to be incurred by the client in the context of transactions. Particular care should be taken when providing advice with respect to products characterised by higher levels of complexity b) Understand the total costs and charges to be incurred by the client in the context of the type of investment product being offered or recommended and the costs related to the provision of the advice and any other related services being provided CISI International Certificate in Wealth & Investment Management Syllabus 3.1.1 know the role of money as a financial asset 3.2.1 know the key features of bonds – risk, interest rate, repayment, trading, nominal value and market price, coupon, credit rating 3.3.1 know the key features of property investment 3.4.2 understand the benefits of holding shares 3.5.1 know the following characteristics of Futures 3.5.2 know the following characteristics of Options 3.6.1 understand the main features of commodity markets, and how the physical characteristics, supply and demand, and storage and transportation issues influence prices 4.1.1 understand the benefits of collective investment 4.2.1 now the characteristics and application of Structured investment funds 4.2.2 now the characteristics and application of Structured investment hedge funds 4.2.3 now the characteristics and application of Private equity 4.2.4 now the characteristics and application of commodity funds 4.2.5 now the characteristics and application of Sukuk investments 5.3.3 understand how investment strategy and product selection are influenced by: Tax status 5.4.2 understand the direct and indirect taxes as they apply to individuals 5.1.1 know when fiduciary responsibilities arise and the main duties and responsibilities of a financial adviser 5.1.3 Know the extent of an adviser’s duty to disclose material information about a recommended investment 5.2.7 know the requirement for disclosure of charges and commission 5.2.9 know the requirement for product disclosure 11
Page 1 and 2: ESMA “Final Report: Guidelines fo
Page 3 and 4: Introduction Welcome to this guide
Page 5 and 6: ESMA Final Report: Guidelines on th
Page 7 and 8: Syllabus Summary • Introduction
Page 9 and 10: 8.1.2 Understand the main aims and
Page 11: Investment Advisers The following q
Page 15 and 16: of volatility, the importance and l
Page 17 and 18: Continuous Professional Development
Page 19 and 20: CISI CPD - Member Benefits The CISI
Page 21 and 22: Business Ethics Under the ESMA guid
Page 23 and 24: 21

CISI Guidance for Regulators and Firms

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?