TC App 4.1 Appropriate Qualification tables
Part 1: Activities
Note: The activity numbers in this table relate to the activities14 in TC App 1.1.1 R. These tables do not cover activities 1, 5, 13A, 13B, 13C, 20A, 21B,14 23A, 23B, 23C, 23D, 23E,17 24, 25 or 26 as these activities do not have a qualification requirement.21 In relation to advising on P2P agreements (activity 9A), see TC 2.1.5HR and TC 2.1.6R(2).
24 Part 1A: The Retail Distribution Review activities (RDR activities)
14|
Activity Number |
RDR 24 Activity |
||
|
2 |
Giving personal recommendations26 on securities which are not stakeholder pension schemes, personal pension schemes or broker funds |
||
|
3 |
Giving personal recommendations26 on derivatives |
||
|
4 and 6 |
(4) Giving personal recommendations26 on retail investment products which are not broker funds and (6) giving personal recommendations26 on friendly societytax-exempt policies (other than Holloway sickness policies26 where the Holloway policy special application conditions26 are met) |
||
|
12 |
Giving personal recommendations26 on and dealing in securities which are not stakeholder pension schemes, personal pension schemes or broker funds |
||
|
13 |
Giving personal recommendations26 on and dealing in derivatives |
||
Extent to which the qualification meets the qualification requirement in relation to RDR activities
24In relation to the above RDR activities a qualification in the table in Part 2 will meet the qualification requirement in relation to the activity listed in column 3 of that table, for the purpose of TC 2.1.10E(2), to the extent set out below:
- (1)
where an ‘a’ appears in the fourth column of the table in Part 2 the qualification will fully meet the qualification requirement on and after, 31 December 2012; and
- (2)
where a ‘b’ appears in the fourth column of the table in Part 2 the qualification will fully meet the qualification requirement until 31 December 2012. On and after 31 December 2012 this must be combined with qualification gap-fill. This gap-fill (see TC App 7.1.1G)29 constitutes additional structured continuing professional development, which need not be by examination, completed and verified by an accredited body.
24 Part 1B: The non-Retail Distribution Review activities (non-RDR activities)
|
Activity Number |
|||
|
7 |
Giving personal recommendations26 on long-term care insurance contracts |
||
|
8 |
Giving personal recommendations26 on investments in the course of corporate finance business |
||
|
9 |
|||
|
11 |
Undertaking the activity of a pension transfer specialist (see also TC 2.1.5KR)2730 |
||
|
14 and 10 |
Managing investments and/or undertaking the activity of a broker fund adviser |
||
|
20 |
Advising on a regulated mortgage contract for a non-business purpose; or Arranging (bringing about) an execution-only sale of a regulated mortgage contract for a non-business purpose, excluding variations to an existing regulated mortgage contract, except where the effect is to change all or part of the regulated mortgage contract from one interest rate to another14 |
||
|
21 |
Advising on equity release transactions; or Arranging (bringing about) an execution-only sale of an equity release transaction, excluding variations to an existing equity release transaction, except where the effect is to change all or part of the equity release transaction from one interest rate to another14 |
||
|
1421A |
Designing scripted questions for an execution-only sale of a regulated mortgage contract for a non-business purpose |
||
|
22 |
Designing scripted questions for an execution-only sale of an 14equity release transaction 14 14 |
||
|
24 Activity Number |
Non-RDR Activity (overseeing activity) |
|
15 |
Overseeing on a day to day basis operating a collective investment scheme or undertaking activities of a trustee or depositary of a collective investment scheme. |
|
16 |
Overseeing on a day to day basis safeguarding and administering investments or holding client money. |
|
17 |
Overseeing on a day to day basis administrative functions in relation to managing investments: (i) arranging settlement; (ii) monitoring and processing corporate actions; (iii) client account administration, liaison and reporting including valuation and performance measurement; (iv) ISA or CTF administration; (v) investment trust savings scheme administration. |
|
18 |
Overseeing on a day to day basis administrative functions in relation to effecting or carrying out contracts of insurance which are life policies: (i) new business administration; (ii) policy alterations including surrenders and policy loans; (iii) preparing projections; (iv) processing claims, including pension payments; (v) fund switching. |
|
19 |
Overseeing on a day to day basis administrative functions in relation to the operation of stakeholder pension schemes: (i) new business administration; (ii) receipt of or alteration to contributions; (iii) preparing projections and annual statements; (iv) administration of transfers; (v) handling claims, including pension payments; (vi) fund allocation and switching. |
|
23 |
Overseeing non-advised sales on a day to day basis of equity release transactions. |
Extent to which the qualification meets the qualification requirement in relation to non-RDR activities
24In relation to the above non-RDR activities a qualification in the table in Part 2 will meet the qualification requirement in relation to the activities in column 3 of the table, for the purpose of TC 2.1.10E(2), to the extent set out below.
- (1)
Where a ‘1’ appears in the fourth column of Part 2, that qualification alone will fully meet the appropriate qualification requirement.
- (2)
Where a ‘2’ or ‘3’ appears in the fourth column of Part 2, two qualifications must be obtained: one being any qualification in the table denoted by a ‘2’ and the other being any qualification in the table denoted by a ‘3’. Together those qualifications will fully meet the qualification requirement.
- (3)
Where a ‘4’, ‘5’ or ‘6’ appears in the fourth column of Part 2, three qualifications must be obtained: one being any qualification in the table denoted by a ‘4’, another being any qualification in the table denoted by a ‘5’ and the other being any qualification in the table denoted by a ‘6’. Together those qualifications will fully meet the qualification requirement.
24To meet the appropriate qualification requirement, a qualification is expected to meet the appropriate qualification criteria (TC App 5) and the content should cover both technical aspects in relation to the activity number in column 3 of the table in Part 2 as well as the regulation and ethics concerning those activities. Some of the qualifications in the table in Part 2 deal with all aspects and some only deal with certain aspects, as follows:
- (1)
a ‘1’ refers to a syllabus which contains all aspects, namely technical, regulation and ethics;
- (2)
a ‘2’ or a ‘6’ refers to a syllabus which only deals with aspects of a technical nature;
- (3)
a ‘3’ or a ‘5’ refers to a syllabus which only deals with aspects of regulation and ethics; and
- (4)
a ‘4’ refers to a syllabus which is only of an introductory nature.
Part 2: Appropriate Qualifications Tables
Note: A qualification is deemed an appropriate qualification if it appears in this table and is attained within the relevant time period, where one is indicated by the dates set out in the qualification column.18
|
Qualification provider |
Qualification |
Activity Number(s) |
Key |
|
ACI The Financial Markets Association |
ACI Diploma (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 3, 12, 13 |
a |
|
ACI Dealing Certificate when combined with Chartered Institute of Securities and Investment (CISI) Introduction to Securities and Investments and one of the Regulatory units of the Investment Operations Certificate (IOC) |
15, 17 |
4 |
|
|
ACI Operations Certificate when combined with Chartered Institute of Securities and Investment (CISI) Introduction to Securities and Investments and one of the Regulatory units of the Investment Operations Certificate (IOC) |
|||
|
Association of Accounting Technicians |
Member |
15, 16, 17, 18, 19 |
4 |
|
Association of Certified International Investment Analysts (ACIIA) |
CIIA qualification (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 3, 12, 13 |
a |
|
Certified International Investment Analyst (CIIA) |
14 and 10 |
2 |
|
|
Association of Chartered Certified Accountants |
Member or Affiliate |
8 |
1 |
|
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
|
Association of Corporate Treasurers |
MCT Advanced Diploma (Member or Fellow) or AMCT Diploma in Treasury (Associate Member)16 16 |
15, 16, 17, 18, 19 |
4 |
|
Association of International Wealth Management (AIWM) |
Certified International Wealth Manager Diploma (CIWM) |
2, 3, 12, 13 |
a |
|
14 and 10 |
1 |
||
|
Blackburn College - University Centre |
Foundation Degree Award in Financial Services (syllabus in force until 31 October 2017)29 |
4 and 6 |
a |
|
Bournemouth University |
BA in Financial Services (1995 to 2001) |
4 and 6 |
b |
|
MA in Financial Services (1995 to 2001) |
|||
|
Post Graduate in Financial Services (1995 to 2001) |
|||
|
18Calibrand / Chartered Banker Institute (Formerly the28 Chartered Institute of Bankers in Scotland)28 |
Diploma in Professional Financial Advice (Post 30/4/2014) |
4 and 6 |
a11 |
|
Calibrand / Scottish Qualifications Authority |
Diploma in Professional Financial Advice(Pre 1/8/2018)18 |
4 and 6 |
a |
|
Diploma in Professional Financial Advice (NMBA - Alternative Assessment method) |
|||
|
15Canadian Securities Institute |
Canadian Securities Course (CSC) and Conduct and Practices Handbook Course (CPH) - must include a pass in both modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - both courses must be completed |
2, 12 |
b |
|
Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), the Futures Licensing Course (FLC), the Derivatives Fundamentals Course (DCF) and the Options Licensing Course (OLC) - must include a pass in all modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - all courses must be completed |
3, 13 |
b |
|
|
Canadian Securities Course (CSC), Conduct and Practices Handbook (CPH), the Futures Licensing Course (FLC) and the Derivatives Fundamentals and Options Licensing Course (DFOL) - must include a pass in all modules (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) - all courses must be completed |
|||
|
CASS Business School |
MSC in Banking and International Finance (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 3, 12, 13 |
a |
|
12MSC in Investment Management pre 2003 syllabus (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) |
2, 3, 12, 13 |
b16 |
|
|
16CFA Institute |
The CFA Institute Investment Foundations Certificate - (Formerly the 25Claritas Investment Certificate)25 |
15, 16, 17,18, 19 |
4 |
|
CFA Institute and the CFA Society of the UK |
Level 1 of CFA Program plus Investment Management Certificate (Level 4)12 12 |
2, 3, 12, 13 |
a |
|
Completion of CFA Program plus Investment Management Certificate Unit 1: The investment environment (Level 4)12 12 |
|||
|
Holder of Associate qualification (associate member)12 12 |
2, 3, 12, 13 |
b |
|
|
Level 1 of CFA Program plus Investment Management Certificate (Level 3)12 12 |
|||
|
Completion of CFA Program plus Investment Management Certificate Unit 1: UK Regulation and Markets (level 3)12 12 |
|||
|
Holder of Associate qualification (Fellow)12 12 |
|||
|
CFA Program (Level 1) |
14 and 10 |
2 |
|
|
Fellow or Associate by examination |
8 |
1 |
|
|
14 and 10 |
|||
|
15, 16, 17, 18, 19 |
4 |
||
|
Investment Management Asset Allocation Qualification13 12 12 |
14 and 10 |
2 |
|
|
Investment Regulation and Practice Paper of the Associate Examination |
15, 16, 17 |
5 |
|
|
CFA Society of UK (Formerly the UK Society of Investment Professionals/ Institute of Investment Management and Research (IIMR)) |
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on securities 12 |
2, 12 |
a |
|
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on packaged products 12 |
4 and 6 |
||
|
Investment Management Certificate (Level 4) plus other qualifications that meet specialist standards for advising on derivatives 12 |
3, 13 |
||
|
Investment Management Certificate (Level 3 or 4)12 12 |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
15, 16, 17 |
5 |
||
|
14 and 10 |
1 |
||
|
Investment Practice Paper (Unit 2) of Investment Management Certificate (Level 3 or 4)12 12 |
14 and 10 |
2 |
|
| 12 |
8 |
2 |
|
|
Investment Management Certificate Unit 1: UK Regulation and Markets (Level 3) or Investment Management Certificate Unit 1: The Investment Environment (Level 4)12 12 |
8 |
3 |
|
|
15, 16, 17, 19 |
5 |
||
|
18 |
6 |
||
| 12 |
14 and 10 |
3 |
|
|
Chartered Alternative Investment Analysis Association (CAIA) |
CAIA Level 1 (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) |
2, 12 |
b |
|
Chartered Banker Institute (Formerly the28 Chartered Institute of Bankers in Scotland)28 |
Diploma in Investment Planning (Existing Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18 |
4 and 6 |
a |
|
Diploma in Investment Planning (New Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18 |
|||
|
Diploma in Investment Planning (Retail Banking) (New Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18 |
|||
|
Diploma in Investment Planning (Retail Banking) (Existing Adviser) (18Post 2010 examination standards and Pre 1/6/2015)18 |
|||
|
Diploma in investment planning (work based assessment)(Pre 1/6/2015)18 |
|||
|
Associate (March 1992 to July 1994 syllabus (including top-up test)) |
4 and 6 |
b |
|
|
Associate (post August 1994 syllabus) |
|||
|
Certificate in Investment Planning (Pre 17/09/2004) |
|||
|
Chartered Banker (where candidates hold UK Financial Services and Investment modules) |
|||
|
Diploma in Investment Planning (current) |
|||
|
Associateship - (must include a pass in the Investment Paper) |
2, 3, 12, 13 |
b |
|
|
Certificate in Investment Planning - Paper 1 |
15, 16, 18, 19 |
4 |
|
|
15, 16, 17, 18, 19 |
5 |
||
|
Certificate in Investment Planning |
17 |
4 |
|
|
Member or Associate |
15, 16, 17, 18, 19 |
4 |
|
|
Mortgage Advice and Practice Certificate |
20 |
1 |
|
|
Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) |
20, 21, 22 |
1 |
|
|
MAPC bridge paper plus entry requirements (Pre 31/10/2004) |
20 |
1 |
|
|
Certificate in Investment Planning - Paper 1 (Pre 16/09/2004) |
20, 21, 22 |
3 |
|
|
MAPC - Paper 1 (Pre 16/09/2004) |
20 |
3 |
|
|
Mortgage Advice and Practice Certificate - Paper 1 (Post 17/09/2004) |
20, 21 |
3 |
|
|
Equity Release Mortgage Advice and Practice Certificate (ERMAPC) |
21, 22 |
1 |
|
|
Lifetime Mortgage Advice and Practice Certificate |
|||
|
MAPC Bridge paper plus entry requirements (Pre 16/09/2004) |
|||
|
Certificate in Mortgage Advice and Practice (MAPC) (Pre 16/09/2004) - Paper 1 |
21, 22 |
3 |
|
|
Equity Release Mortgage Advice and Practice Certificate (ERMAPC) |
23 |
4 |
|
|
23 |
5 |
||
|
23 |
6 |
||
|
Chartered Institute of Management Accountants |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Chartered Institute of Public Finance and Accountancy |
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
Chartered Institute for Securities and Investment (CISI) - (Formerly the Securities and Investment Institute (SII); formerly The Securities Association) |
25Certificate in Pension Transfers and Planning Advice (when combined with an RDR compliant qualification for Activities 4 and 6) |
2511 |
251 |
|
Investment Advice Diploma (where candidate holds 3 modules including the private client advice module) |
4 and 6 |
a |
|
|
22Investment Advice Diploma (where candidate holds 3 modules including the Financial Planning and Advice module) |
224 and 6 |
||
|
29Investment Advice Diploma (where candidate holds 3 modules including Retail Advice and Planning) |
4 and 6 |
||
|
Investment Advice Diploma (where candidate holds 3 modules including the derivatives module) |
3, 13 |
||
|
Certificate in International Advanced Wealth Management (Level 4) (provided it is accompanied by appropriate examinations in Regulation and Ethics, Investment Principles and Risk and Personal Taxation)31 |
2, 1231 |
||
|
Investment Advice Diploma (where candidate holds 3 modules including the securities module) |
2, 12 |
||
|
Masters in Wealth Management (Post 2010 examination standards) |
2, 3, 4 and 6, 12, 13 |
||
|
Certificate in Private Client Investment Advice and Management |
2, 3, 4 and 6, 12, 13 |
b |
|
|
14 and 10 |
1 |
||
|
Certificate in Private Client Investment Advice and Management (attained through a CISI competency interview and presentation only) |
2, 3, 4 and 6, 12, 13 |
b |
|
|
14 and 10 |
1 |
||
|
Diploma (where candidate holds 3 modules as recommended by the firm) |
2, 3, 4 and 6, 12, 13 |
b |
|
|
Investment Advice Certificate |
2, 3, 4 and 6, 12, 13 |
b |
|
|
Masters in Wealth Management (Pre 2010 examination standards) |
2, 3, 4 and 6, 12, 13 |
b |
|
|
Member of the Securities Institute (MSI Dip) (where candidate holds 3 modules as recommended by the firm) |
2, 3, 4 and 6, 12, 13 |
b |
|
|
Certificate in Corporate Finance |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
Certificate in Derivatives - Paper 2 |
15, 16, 17, 18, 19 |
4 |
|
|
Certificate in Investment and Financial Advice - Paper 1 |
21, 22 |
3 |
|
|
Certificate in Investment Management (Level 3, pre 31 December 2013)13 |
8 |
1 |
|
|
15, 16, 17, 19 |
4 |
||
|
15, 16, 17 |
5 |
||
|
14 and 10 |
113 |
||
|
13Certificate in Investment Management (Level 4) |
14 and 10 |
1 |
|
|
Certificate in Investment Management - Paper 2 |
8 |
2 |
|
|
14 and 10 |
|||
|
Certificate in Securities |
8 |
1 |
|
|
Certificate in Securities - Paper 2 |
15, 16, 17, 18, 19 |
4 |
|
|
Certificate in Securities and Derivatives - Paper 2 |
19 |
4 |
|
|
Certificate in Securities and Financial Derivatives |
8 |
1 |
|
|
Certificate in Securities and Financial Derivatives - Paper 2 |
15, 16, 17, 18 |
4 |
|
|
Client Services Qualification |
15, 16, 17, 18, 19 |
4 |
|
|
Diploma |
15, 16, 17, 18, 19 |
4 |
|
|
Diploma - Corporate Finance Paper |
8 |
2 |
|
|
Diploma - Global Operations Management Module |
15, 16, 17, 18, 19 |
4 |
|
|
15, 16, 17 |
5 |
||
|
6 |
|||
|
Diploma - International Operations Management Module |
15 |
4 |
|
|
15, 16 |
5 |
||
|
6 |
|||
|
17 |
4 |
||
|
5 |
|||
|
6 |
|||
|
Diploma - International Operations Module |
16, 18, 19 |
4 |
|
|
Diploma - Operations Management Module |
15, 16, 17, 18, 19 |
4 |
|
|
15, 17 |
5 |
||
|
15, 16, 17 |
6 |
||
|
Diploma - Regulation and Compliance Module |
8 |
3 |
|
|
14 and 10 |
|||
|
15, 16, 17, 18, 19 |
5 |
||
|
Diploma (must include a pass in Regulation and Compliance Paper) |
8 |
1 |
|
|
Diploma (where candidate holds 3 modules as recommended by the firm) |
14 and 10 |
1 |
|
|
12Diploma in Corporate Finance (awarded jointly with The Institute of Chartered Accountants in England and Wales)15 |
8 |
1 |
|
|
Investment Administration Qualification - Asset Servicing Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Basics of CREST Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Bond Settlement Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Collective Investment Schemes Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - CREST Settlement Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Derivatives Operations Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Exchange - Traded Derivative Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - FSA Regulatory Environment Module |
15, 16, 17 |
5 |
|
|
Investment Administration Qualification - Global Custody Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Global Securities Operations Module |
16, 17 |
6 |
|
|
Investment Administration Qualification - Global Settlement Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - IMRO Regulatory Environment Module |
8 |
3 |
|
|
14 and 10 |
|||
|
15, 16, 17, 18, 19 |
5 |
||
|
Investment Administration Qualification - Introduction to Securities and Investment Module |
15, 16, 17, 18, 19 |
4 |
|
|
Investment Administration Qualification - ISA Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - ISA and CTF Administration Module |
15, 16,16 17 |
6 |
|
|
Investment Administration Qualification - ISA and PEP Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Life Policy Administration Module |
18 |
6 |
|
|
Investment Administration Qualification - OEIC Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Operational Risk Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - OTC Derivatives Administration Module |
15, 16 |
6 |
|
|
Investment Administration Qualification - Pensions Administration Module |
19 |
6 |
|
|
Investment Administration Qualification - PEP Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - Portfolio Performance Measurement Module |
15, 16 |
6 |
|
|
Investment Administration Qualification - Private Client Administration Module |
15, 16, 17 |
6 |
|
|
Investment Administration Qualification - SFA Regulatory Environment Module |
8 |
3 |
|
|
14 and 10 |
|||
|
15, 16, 17, 18 |
5 |
||
|
Investment Administration Qualification - Unit 2 FSA Regulatory Environment - (Formerly the Investment Administration Qualification - Regulatory Environment Module) |
8 |
3 |
|
|
14 and 10 |
|||
|
18, 19 |
5 |
||
|
Investment Administration Qualification - Unit Trust Administration Module |
15, 16, 17 |
6 |
|
|
Investment Advice Certificate |
14 and 10 |
1 |
|
|
Investment Advice Certificate - Paper 1 |
15, 16, 17, 18, 19 |
4 |
|
|
5 |
|||
|
Investment Advice Certificate - Paper 1 (No new registrations) |
20, 21, 22 |
3 |
|
|
Investment Advice Certificate - Paper 2 |
18, 19 |
6 |
|
|
Investment Advice Diploma (where candidates hold technical modules as recommended by the firm) |
14 and 10 |
1 |
|
|
Investment Operations Certificate - Asset Servicing Module |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate – Client Money and Assets20 |
1620 |
620 |
|
|
Investment Operations Certificate - Collective Investment Schemes Administration Module |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate - CREST Settlement Module |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate - Exchange - Traded Derivative Administration Module |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate - UK13 Financial Regulation Module 13 |
8 |
3 |
|
|
14 and 10 |
|||
|
15, 16, 17, 18, 19 |
5 |
||
|
Investment Operations Certificate - Global Securities Operations Module |
17 |
6 |
|
|
Investment Operations Certificate - Global Securities Operations Module |
16 |
6 |
|
|
Investment Operations Certificate - Introduction to Securities and Investment Module |
15, 16, 17, 18, 19 |
4 |
|
|
Investment Operations Certificate - ISA Administration Module |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate - Operational Risk Module |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate - OTC Derivatives Administration Module |
15, 16 |
6 |
|
|
18Investment Operations Certificate - Platforms, Wealth Management and Service Providers |
15, 16 |
6 |
|
|
Investment Operations Certificate - Administration of Settlement & Investments Module (previously known as the Private Client Administration Module)12 12 |
15, 16, 17 |
6 |
|
|
Investment Operations Certificate - Transfer Agency Administration & Oversight Module31 |
15, 16, 1731 |
631 |
|
|
Level 3 Certificate in Investments (Derivatives) - Unit 3 |
15, 16, 17, 18, 19 |
4 |
|
|
Level 3 Certificate in Investments (Investment Management) |
14 and 10 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
15, 16, 17 |
5 |
||
|
Level 3 Certificate in Investments (Investment Management) - Unit 5 |
8 |
2 |
|
|
14 and 10 |
|||
|
Level 3 Certificate in Investments (Securities and Financial Derivatives) |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
Level 3 Certificate in Investments (Securities) |
8 |
1 |
|
|
Level 3 Certificate in Investments (Securities) - Unit 2 |
15, 16, 17, 18, 19 |
4 |
|
|
Level 6 Diploma in Wealth Management |
14 and 10 |
1 |
|
|
Masters in Wealth Management |
14 and 10 |
1 |
|
|
Member of the Securities Institute by examination |
15, 17, 19 |
4 |
|
|
Principles of UK13 Financial Regulation |
8 |
3 |
|
|
18, 19 |
5 |
||
|
SFA Corporate Finance Representative Examination |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
SFA Futures and Options Representative Examination |
15, 16, 17, 18, 19 |
4 |
|
|
15, 16, 17 |
5 |
||
|
SFA Registered Persons Examination - Section 1 (Regulation) |
8 |
3 |
|
|
14 and 10 |
|||
|
15, 16, 17, 18, 19 |
5 |
||
|
SFA Securities and Financial Derivatives Representative Examination |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
15, 16, 17 |
5 |
||
|
SFA Securities Representative Examination |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
16, 17 |
5 |
||
|
TSA Registered Representative Examinations |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
15, 16 |
5 |
||
|
Unit 1 - Financial Regulation |
14 and 10 |
3 |
|
|
Unit 1 Financial Regulation (Formerly the Securities Institute Regulatory Paper) |
8 |
3 |
|
|
15, 16, 17, 18, 19 |
5 |
||
|
Unit 6 - Principles of UK13 Financial Regulation |
14 and 10 |
3 |
|
|
15, 16, 17 |
5 |
||
|
Chartered Insurance Institute |
Certificate in Advanced Mortgage Advice |
20 |
116 |
|
Certificate in Pension Transfer Advice23 (meets requirement until 30 September 2020)29 |
1123 |
123 |
|
|
Certificate in Securities Advice and Dealing |
2, 12 |
a |
|
|
CII Level 6 Award in Regulated Pension Transfer Advice / Unit AF7 (only when combined with an RDR compliant qualification for Activities 4 and 6) 29 |
11 |
1 |
|
|
Diploma in Financial Planning (with appropriate gap fill) plus the Award in Long Term Care Insurance |
7 |
116 |
|
|
Diploma in Financial Planning (subject to gap fill) + AF7 Pension Transfers23 |
1123 |
123 |
|
|
Diploma in Regulated Financial Planning |
4 and 6 |
a |
|
|
Diploma in Regulated Financial Planning (attained through a CII alternative assessment day) |
|||
|
Diploma in Regulated Financial Planning plus the Award in Long Term Care Insurance |
7 |
116 |
|
|
Fellow or Associate (life and pensions route only) |
2, 3, 12, 13 |
b |
|
|
Advanced Financial Planning Certificate |
2, 3, 4 and 6, 12, 13 |
b |
|
|
Diploma in Financial Planning |
4 and 6 |
b |
|
|
Fellow (FCII) (where candidates hold appropriate life and pensions modules) |
|||
|
Fellow (FLIA Dip) |
|||
|
Advanced Diploma in Financial Planning |
|||
|
Associate (ACII) (where candidate holds appropriate life and pension modules) |
|||
|
Associate (ALIA Dip) |
|||
|
12Diploma in Financial Planning plus a pass in J12: Securities advice and dealing |
2, 1213 13 |
a13 13 |
|
|
Certificate in Financial Planning plus the Award in Long Term Care Insurance |
7 |
1 |
|
|
G80 paper of Advanced Financial Planning Certificate (October 2004) plus appropriate exam requirements for TC 2.1.4R(1)(f) |
|||
|
G70 Paper of the Advanced Financial Planning Certificate |
8 |
1 |
|
|
Award in London Market Insurance |
9 |
1 |
|
|
Until 30 September 2020,29 Fellow or Associate including three pensions-related subjects as confirmed by the examining body. From 1 October 2020, only when combined with an RDR compliant qualification for Activities 4 and 6.29 |
11 |
1 |
|
|
Until 30 September 2020,29 G60 paper of Advanced Financial Planning Certificate. From 1 October 2020, only when combined with an RDR compliant qualification for Activities 4 and 6.29 |
|||
|
Until 30 September 2020,29 Unit AF3 of the Advanced Diploma in Financial Planning. From 1 October 2020, only when combined with an RDR compliant qualification for Activities 4 and 6.29 |
|||
|
Certificate of Insurance Practice |
18 |
4 |
|
|
Certificate of Insurance Practice (life or pensions route) |
18 |
6 |
|
|
FA1 - Life office administration |
|||
|
Fellow or Associate (life and pensions route only) |
|||
|
Life assurance paper (735) from the Associateship |
|||
|
Certificate of Insurance Practice (Pensions route) |
19 |
6 |
|
|
Fellow or Associate (Pensions route) |
|||
|
Certificate in Mortgage Advice |
20 |
1 |
|
|
Certificate in Equity Release (Formerly known as Certificate in Financial Planning and Lifetime Mortgages) |
21, 2225 |
1 |
|
|
2325 |
425 |
||
|
525 |
|||
|
625 |
|||
|
Advanced Financial Planning Certificate (must include a pass in G70 paper) |
14 and 10 |
1 |
|
|
Certificate in Discretionary Investment Management |
|||
|
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
|
Financial Planning Certificate - Paper 1 |
15, 16, 17, 18, 19 |
4 |
|
|
15, 16, 17, 18, 19 |
5 |
||
|
CF1 - UK financial services, regulation and ethics |
3,20 4 |
||
|
13RO1 Paper: Regulation and Ethics |
10, 14,20 15, 16, 17, 18, 19 |
3,20 4 |
|
|
10, 14,20 15, 16, 17, 18, 19 |
3,20 5 |
||
|
FA2 - Pensions administration paper |
18, 19 |
613 |
|
|
Financial Planning Certificate - Paper 2 |
|||
|
22(LP1) Life and pensions customer operations; (LP2) Financial services products and solutions; and (LP3) Life and pensions principles and practices (where candidate holds all 3 modules) |
2215, 16, 17, 18, 19 |
224 and 5 |
|
|
Pensions law, taxation and administration paper (740) from the Associateship |
18, 19 |
613 |
|
|
13Certificate in Investment Operations: Collective Investment Scheme Administration paper (FA4) |
15, 16, 17 |
6 |
|
|
13Certificate in Investment Operations: Individual Savings Account Administration paper (FA5) |
151516, 17 |
6 |
|
|
13Certificate in Investment Operations: Investment Client Servicing paper (FA6) |
15, 16, 17 |
6 |
|
|
Certificate in Mortgage Advice - Paper 1 |
20, 21 |
3 |
|
|
Mortgage Advice Qualification (MAQ) plus entry requirements |
20, 21, 22 |
1 |
|
|
Financial Planning Certificate - Paper 1 (No new registrations after 17/12/2004) |
20, 21, 22 |
313 |
|
|
13Deutsche Boerse AG |
Certified Securities Trader (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 12 |
b |
|
13Deutsche Boerse AG 15 |
Certified Derivatives Trader (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 12 |
b |
|
3, 13 |
a |
||
|
EFFAS Societies with accredited examinations |
Certified European Financial Analyst |
14 and 10 |
2 |
|
Faculty or Institute of Actuaries |
Fellow or Associate or where the individual has passed all of the following modules CT1, CT2, CT4, CT5, CT6, CT7 and CT8 |
2, 3, 4 and 6, 12, 13 |
a |
|
14 and 10 |
1 |
||
|
Associate - achieved by examination passed before 1 December 2001 (must include a pass in Subject 301 - Investment and Asset Management (syllabus in force from 1998) |
14 and 10 |
1 |
|
|
Associate - achieved by examination passed after 1 December 2001 (must include a pass in subject 301 - Investment and Asset Management (syllabus in force from 1998) |
14 and 10 |
2 |
|
| 12 | |||
|
Fellow - achieved by examination (must include a pass in subjects 301 and 401 Investment and Asset Management (syllabus in force from 1998)) |
14 and 10 |
1 |
|
|
Fellow or Associate |
11 |
1 |
|
|
16, 17, 18, 19 |
4 |
||
|
18, 1912 |
6 |
||
|
Fellow or Associate by examination (must include Investment Paper E (Syllabus in force until 1998)) |
14 and 10 |
1 |
|
|
Fellow or where the individual has passed all of the following modules CA1 and SA2 |
18 |
4 |
|
|
Financial Industry Regulatory Authority (FINRA) - Formerly the National Association of Securities Dealers (NASD) |
Series 7 - General Securities Representatives Examination (provided it is accompanied by appropriate qualifications in Regulation and Ethics and Personal Taxation) |
2, 3, 12, 13 |
b |
|
Financial & Legal 15Skills Partnership (formerly the Financial Skills Partnership/15Financial Services Skills Council (FSP/15FSSC)) |
FLSP15 Advanced/Modern15 Apprenticeship in Advising on Financial Products (Long Term Care Insurance Pathway) 15 |
7 |
1 |
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing15Financial Services (Investment Administration or Operations15 Pathway including either Asset Servicing / CREST Settlement / Global Securities or ISA and CTF Administration) 15 |
17 |
6 |
|
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Investment Administration or Operations15 Pathway including FSA Regulatory Environment or Principles of Financial Regulation) 15 |
17 |
5 |
|
|
FLSP Level 315 Advanced/Modern 15 Apprenticeship in Retail or Providing 15Financial Services (investment Administration or Operations15 Pathway including the Introduction to Securities and Investment module) 15 |
17 |
4 |
|
|
FLSP Level 315 Advanced/Modern 15Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1) 15 |
18 |
4 |
|
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1) 15 |
18 |
5 |
|
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15 Pathway including CF1 and either FA1 or FA2) 15 |
18 |
6 |
|
|
FLSP Level 315 Advanced/Modern15 Apprenticeship in Retail or Providing 15Financial Services (Long Term Insurance or Life, Pensions and Investments or Pensions Administration15Pathway including CF1 and FA2) 15 |
19 |
1 |
|
|
FLSP Level 315 Advanced Apprenticeship in Advising on Financial Products (Mortgage Advice Pathway) or Level 3 Advanced Apprenticeship in Providing Mortgage Advice15 15 |
20 |
1 |
|
|
ICMA Centre/ University of Reading (Formerly ISMA Centre/ University of Reading) |
Diploma in Capital Markets, Regulation and Compliance |
17 |
5 |
|
Operations Certificate Programme (OCP) |
16, 17 |
6 |
|
|
Institute of Chartered Accountants in England and Wales |
Fellow or Associate |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
|
Initial Test of Competence |
18, 19 |
6 |
|
|
Diploma in Corporate Finance (awarded jointly with The Institute of Chartered Accountants in England and Wales)15 |
815 |
215 |
|
|
Institute of Chartered Accountants in Ireland |
Fellow or Associate |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
|
Initial Test of Competence |
19 |
6 |
|
|
Institute of Chartered Accountants in Scotland |
Member |
8 |
1 |
|
15, 16, 17, 18, 19 |
4 |
||
|
Initial Test of Competence |
19 |
6 |
|
|
Institute of Chartered Secretaries and Administrators |
Certificate in Collective Investment Scheme Administration |
15, 16, 17, 18 |
4 |
|
5 |
|||
|
15, 16 |
6 |
||
|
19 |
4 |
||
|
Certificate in Company Secretarial Practice and Share Registration Practice (including the Regulatory module within the examination) |
15, 16. 17 |
4 |
|
|
5 |
|||
|
6 |
|||
|
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
|
Institute of Financial Planning (until 1 November 2015)25 |
Certified Financial Planner (syllabus in force until 31 October 2015)25 |
4 and 6 |
b |
|
Fellowship (syllabus in force until 31 October 2015)25 |
|||
|
Insurance Sector Education and Training Authority |
National Diploma: Financial Services Long-Term Risk Assessment |
7 |
2 |
|
Investment Management Association |
Investment Administration Management Award |
15, 16, 17 |
6 |
|
Investment Property Forum |
IPF Certificate in Property Investment |
14 and 10 |
2 |
|
Japanese Bankers Association |
Registered Representative of Public Securities Examination (pre-April 1990) |
8 |
2 |
|
Representative of Public Securities Qualification - Class 1 |
|||
|
Japanese Securities Dealers Association |
Representative of Public Securities Qualification - Type 1 (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation |
2, 3, 12, 13 |
b |
|
Representative of Public Securities Examination (pre April 1990) |
8 |
2 |
|
|
Representative of Public Securities Qualification - Type 1 |
|||
|
Law Society of England and Wales |
Module B(ii), Securities and Portfolio Management |
8 |
2 |
|
Module B(i), Retail Branded/ Packaged Products |
18, 19 |
6 |
|
|
Law Society of England and Wales/ Law Society of Northern Ireland |
Solicitor |
15 |
4 |
|
Law Society of England and Wales/ Law Society of Scotland/ Law Society of Northern Ireland |
Solicitor |
17, 18, 19 |
4 |
|
Lloyd's |
Lloyd's and London Market Introductory Test (Formerly the Lloyd's Introductory Test) |
9 |
1 |
|
Lloyd's/ Chartered Insurance Institute |
Lloyd's Market Certificate |
9 |
1 |
|
London Stock Exchange (records are now kept by The Chartered Institute for Securities and Investment (CISI); Formerly the Securities and Investment Institute (SII); formerly The Securities Association) |
London Stock Exchange Full Membership Exams (and other regional stock exchanges as merged with London Stock Exchange) - where candidate holds three or four papers or holds both the Stock Exchange Practice and Techniques of Investment papers |
2, 3, 4 and 6, 12, 13 |
b |
|
14 and 10 |
1 |
||
|
Stock Exchange Registered Representative Examination |
8 |
1 |
|
|
15, 16, 17, 18, 19 |
4 |
||
|
15, 16 |
5 |
||
|
Manchester Metropolitan University |
BA (Hons) Financial Services, Planning and Management |
2, 3, 4 and 6, 12, 13 |
a |
|
N/A |
In-house module (only where the firm can demonstrate that none of the listed examinations are appropriate) |
15, 16, 17, 18, 19 |
6 |
|
NIBE SVV the Dutch Institute for the Banking, Insurance and Stockbroking Industry |
Examination |
8 |
2 |
|
Pensions Management Institute |
Diploma in Regulated Retirement Advice |
4 and 6 |
a |
|
11 |
1 |
||
|
Fellow or Associate by examination |
11 |
1 |
|
|
Module 201: Providing for Retirement |
19 |
4 |
|
|
512 |
|||
|
612 |
|||
|
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
|
Diploma in Member-Directed Pension Scheme Administration |
18 |
6 |
|
|
Fellow or Associate by examination |
18, 19 |
6 |
|
|
Sheffield Hallam University |
BA in Financial Services (1995 to 2001) |
4 and 6 |
b |
|
MA in Financial Services (1995 to 2001) |
|||
|
Post Graduate in Financial Services (1995 to 2001) |
|||
|
15SIX Swiss Exchange |
Certified Securities Trader the Swiss Markets Insight course (provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
2, 12 |
b |
|
Society of Investment Analysts in Ireland |
Certificate in Investment Management (at least 3 papers passed by examination) |
14 and 10 |
2 |
|
South African Institute of Financial Markets |
Ordinary and Senior Certificates |
8, 14 and 10 |
2 |
|
Swiss Finance Institute |
Dual degree Executive MBA in Asset and Wealth Management |
14 and 10 |
2 |
|
22The Institute of Banking in Ireland (Formerly the Chartered Institute of Bankers in Ireland) |
22Fellow or Associate |
2215, 16, 17, 18, 19 |
224 |
|
22Professional Certificate in International Investment Fund Services |
2215, 16, 17 |
226 |
|
|
The London Institute of Banking & Finance (formerly the ifs University College and the ifs School of Finance/Chartered Institute of Bankers)23 15 15 15 |
Diploma for Financial Advisers (post 2010 examination standards) |
4 and 6 |
a |
|
Professional Certificate in Banking (PCertB) (where candidate has passed the Practice of Financial Advice module) |
|||
|
Level 6 Diploma in Financial Advice (Adv Dipfa) |
4 and 6 |
a16 |
|
|
Associateship - (must include a pass in the Investment / Investment Management Paper) |
2, 3, 4 and 6, 12, 13 |
b |
|
|
Diploma for Financial Advisers (pre 2010 examination standards) |
4 and 6 |
b |
|
|
Professional Investment Certificate |
|||
|
Certificate for Financial Advisers and Certificate in Long-term Care Insurance |
7 |
1 |
|
|
29Level 4 Certificate in Long Term Care and Later Life Planning (CertLTCP) |
7 |
1 |
|
|
Pension Transfers when combined with either a29 Diploma for Financial Advisers (DipFA®) post 2010 exam standards or an RDR compliant qualification for Activities 4 and 629 |
11 |
116 |
|
|
Pensions paper of Professional Investment Certificate |
11 |
1 |
|
|
Certificate for Financial Advisers - Paper 1 |
15 |
5 |
|
|
Fellow or Associate |
15, 16, 17, 18, 19 |
4 |
|
|
Certificate for Financial Advisers - Paper 1 (Pre 31/10/2004) |
15, 16, 17, 18, 19 |
4 |
|
|
5 |
|||
|
20, 21, 22 |
3 |
||
|
Certificate for Financial Advisers - Paper 1 (Post 01/11/2004) |
18, 19 |
4 |
|
|
5 |
|||
|
Certificate for Financial Advisers - Paper 2 (Pre 31/10/2004) |
18, 19 |
6 |
|
|
CeMAP Bridge paper plus entry requirements |
20 |
1 |
|
|
Certificate in Mortgage Advice and Practice (Post 01/11/2004) |
20 |
1 |
|
|
Diploma for Mortgage Advice and Practice DipMAP (plus entry requirements) |
20 |
1 |
|
|
CeMAP bridge paper plus entry requirements (Pre 31/10/2004) |
21, 22 |
1 |
|
|
Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) - Paper 1 |
20, 21 |
3 |
|
|
Certificate in Mortgage Advice and Practice (Post 01/11/2004) - Paper 1 |
20, 21 |
3 |
|
|
Certificate in Mortgage Advice and Practice (CeMAP) (Pre 31/10/2004) |
20, 21, 22 |
1 |
|
|
Certificate in Regulated Equity Release (Formerly known as Certificate in Lifetime Mortgages) |
21, 22 |
1 |
|
|
23 |
4 |
||
|
23 |
5 |
||
|
23 |
6 |
||
|
The Securities Analysts Association of Japan (SAAJ) |
CMA Level 2 (for individuals advising before 30 June 2009) |
2, 3, 12, 13 |
b |
|
CMA Level 2 (for individuals not advising before 30 June 2009 - provided it is accompanied by appropriate qualifications in Regulation and Ethics, Investment Principles and Risk and Personal Taxation) |
|||
|
CMA Level 2 |
8 |
2 |
|
|
Secondary Examination |
|||
|
Chartered Member |
14 and 10 |
2 |
|
|
University of Northampton |
BSc Banking and Financial Planning |
4, 6 |
a16 |
|
19University of South Wales |
BSc (Hons) Financial Planning, Investment and Risk |
4 and 6 |
a |
|
University of Stirling |
BA in Finance |
2, 4 and 6, 12 |
b |
|
BA in Finance and Accounting |
2, 3, 4 and 6, 12, 13 |
b |
|
|
MSc in Finance |
2, 3, 12, 13 |
b |
|
|
MSc in international Accounting and Finance (where candidates hold modules as recommended by the firm) |
2, 3, 12, 13 |
b |
|
|
8 |
2 |
||
|
14 and 10 |
1 |
||
|
MSc in Investment Analysis |
2, 3, 12, 13 |
b |
|
|
14 and 10 |
1 |
||
|
University of the West of England |
BA in Financial Services (1995 to 2001) |
4 and 6 |
b |
|
MA in Financial Services (1995 to 2001) |
|||
|
Post Graduate in Financial Services (1995 to 2001) |