CISI Guidance for Regulators and Firms

Recommendations

Info

Contents 1. Introduction 1 2. About the CISI 2 3. ESMA Final Report: Guidelines on the assessment of knowledge and competence 3 4. How can the CISI help firms meet ESMA guidelines? 4 i) Qualifications 4 a) For Information Givers 4 - International Introduction to Securities and Investment (IISI) 4 b) For Investment Advisers 9 - International Certificate in Wealth & Investment Management (ICWIM) 9 - International Certificate in Wealth Management (Spain) 14 ii) Continuous Professional Development (CPD) 15 a) CISI CPD Scheme 15 b) Member Benefits 17 fc) CPD Log 18 d) Superuser 18 iii) Business ethics 19 a) CISI Code of Conduct 19 b) Integrity Matters 20 c) Interactive Workshops 20 d) Professional Refresher 20 5. Contact Us 22 2
Introduction Welcome to this guide produced by the Chartered Institute for Securities & Investment (CISI), which provides information and practical support surrounding the implications of the “ESMA Final Report: Guidelines for the assessment of knowledge and competence” which was released in December 2015 and comes into effect in January 2017. This booklet focuses on the requirements in three of the main areas detailed in the ESMA Guidelines, namely: 1) holding an appropriate qualification; 2) undertaking and being able to demonstrate continuous professional development; and 3) demonstrating adherance to standards of business ethics. The CISI looks forward to supporting regulators, members, firms and the wider public in the delivery of these new standards. The CISI will do everything it can to enable firms to ensure that its staff fully comply with the ESMA Guidelines. We will provide a cost effective and efficient service to enable firms to monitor and measure progress of their staff towards meeting the requirements, as well as offering relevant and timely CPD for individual members. Simon Culhane, Chartered FCSI Chief Executive, CISI Background to the regulatory changes On 17 December 2015 the European Securities and Markets Authority (ESMA) published its “Final Report: Guidelines for the assessment of knowledge and competence”, which addresses the MiFID II requirements set out under Articles 24 and 25. These guidelines will affect staff who, under MiFID II, are defined as either “giving information” or “giving investment advice”. 1
Page 1: ESMA “Final Report: Guidelines fo
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 and 12: Investment Advisers The following q
Page 13 and 14: Specific coverage of ESMA guideline
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?