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Certified International Investment Analyst

Certified International Investment Analyst (CIIA) is a global finance designation offered by the Association of Certified International Investment Analysts (ACIIA) to financial professionals; candidates may be financial analysts, portfolio managers or investment advisors.

The CIIA maintains standards both at the national and international levels: ACIIA tests candidates at the local level (at their home country), and, having cleared those country specific exams, at the common international level. Because of similarity in exam structure and difficulty, CIIA is sometimes described as the "European version of the CFA". [citation needed]

Association of Certified International Investment Analysts edit

CIIA Code of Professional Ethics [1]

A. Fundamental Principles

  • Honesty, Integrity, and Fairness
  • Reasonable Care and Diligence
  • Interests of Clients First
  • Independence and Objectivity
  • Professional Competence
  • Required Knowledge and Compliance

B. Specific Key Principles

  • Reasonable Basis and Fair Representation
  • Suitability
  • Prohibition Against Misrepresentation
  • Prevention and Disclosure of Conflicts of Interest
  • Compensation
  • Fair Dealing with Clients
  • Prohibition Against Use of Material, Non-Public Information
  • Proper Use of Professional Qualifications
  • Preservation of Client Confidentiality

The ACIIA is recognised and promoted by both ASIF and EFFAS representing financial analyst federations in Asia and Europe. ACIIA is the international umbrella organisation for national and regional associations of investment professionals representing over 60,000 portfolio managers, analysts, investment advisers, asset managers and fund managers etc. worldwide.[2]

ACIIA was formed in year 2000 by two large and world's leading federations "EFFAS" and "ASIF". The third federation "APIMEC" of Brazil joined with ACIIA to offer CIIA program to member countries[3] bringing in a common platform of Knowledge and uniform standards to Investment professionals worldwide. For the constituent analyst societies see under EFFAS and ASIF.

Certified International Investment Analyst edit

To be awarded the CIIA, candidates must pass two "Common Knowledge" Exams and a third National/Regional Exam, examining knowledge of specific markets. Candidates must also have 3 years relevant experience [1] and be a member of ACIIA, as well as of their local or regional society. The exams are taken twice per year and are written at a postgraduate level; they require 18 hours in total, and the recommended preparation time is about 900 study hours.

The Common Knowledge Exams consist of four papers at the "Foundation level", and two at the "Final level". The foundation level papers, in turn, comprise multiple choice, calculation, discursive and short essay questions. The final level exams comprise case studies and in-depth essays. The topics covered at both levels are:

The National / Regional Exam is set by the individual societies and examines specific knowledge of local markets and standards. Topics covered:

Legal and other recognition edit

The CIIA is variously recognised as regards regulatory requirements or educational /exam exemptions:[5]

  • The CIIA qualification is recognised as a key 2 qualification in the UK by the Financial Services Skills Council.
  • Membership of Securities & Investment Institute (SII) with 3 years of Professional experience for CIIA diploma holders for full membership (MSI). SII is also a part of the ACIIA network.
  • The ACIIA has an awarding body status in the UK and CIIA qualification to be included on the appropriate examinations list for seven relevant activities that are regulated by the FSA (Financial Services Authority) in the UK.[6]
  • The Securities Analysts Association of Japan (SAAJ) offering the prestigious Japanese qualification CMA has given exemptions to common exams and CIIA holders have to give only regional or local exams covering only national topics.[7]
  • Securities and Futures Commission of Hong Kong (the equivalent of SEC for USA) recognises CIIA holders for Test of Competence and for fulfilling regulatory requirements.
  • Hong Kong Securities and Investment Institute (HKSI) is a part of ACIIA network offering the CIIA qualification and also membership to CIIA holders.[8]
  • The CIIA fulfils the regulatory requirements of the Polish Securities and Exchange Commission for registration as a licensed securities broker or investment adviser.
  • CIIA holders are recognized by PRMIA (Professional Risk Managers' International Association) as the equivalent of passing first two required exams.[9]
  • Life Office Management Association (LOMA), an international association of Insurance and Financial services companies headquartered in the US, has recognised the CIIA designation for Professional Achievement Credits (PACs) in its Fellow, Financial Services Institute (FFSI) Programme.[10]
  • IFBL (Institut De Formation Bancaire Luxembourg) [11] in association with PWC recognises CIIA diploma holders for their Certified Private Banker program [12] giving exemptions from attending tuition blocks for (i) Legal and Regulatory Framework and (ii) Portfolio Management, as well as for specific examinations.

References edit

  1. ^ ethics March 28, 2008, at the Wayback Machine, aciia.org
  2. ^ Information page May 2, 2009, at the Wayback Machine, aciia.org
  3. ^ Sobre o CIIA, apimec.com.br
  4. ^ . Archived from the original on 2014-09-23. Retrieved 2014-07-16.;
  5. ^ "CIIA Recognition by FSP" (PDF).
  6. ^ 5HS, The Financial Services Authority, 25 The North Colonnade, Canary Wharf, London E14. . www.fsa.gov.uk. Archived from the original on 2009-02-27. Retrieved 2009-05-16.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link)
  7. ^ . 18 December 2008 . Archived from the original on 18 December 2008. {{cite web}}: Missing or empty |title= (help)
  8. ^ sfc.hk
  9. ^ . www.prmia.org. Archived from the original on 2019-05-23. Retrieved 2019-11-03.
  10. ^ (PDF). Archived from the original (PDF) on May 10, 2017. Retrieved August 10, 2017.
  11. ^ ifbl.lu
  12. ^ Certified private banker

External links edit

  • Official Website of ACIIA
  • ASIF
  • APIMEC

certified, international, investment, analyst, ciia, global, finance, designation, offered, association, aciia, financial, professionals, candidates, financial, analysts, portfolio, managers, investment, advisors, ciia, maintains, standards, both, national, in. Certified International Investment Analyst CIIA is a global finance designation offered by the Association of Certified International Investment Analysts ACIIA to financial professionals candidates may be financial analysts portfolio managers or investment advisors The CIIA maintains standards both at the national and international levels ACIIA tests candidates at the local level at their home country and having cleared those country specific exams at the common international level Because of similarity in exam structure and difficulty CIIA is sometimes described as the European version of the CFA citation needed Contents 1 Association of Certified International Investment Analysts 2 Certified International Investment Analyst 3 Legal and other recognition 4 References 5 External linksAssociation of Certified International Investment Analysts editCIIA Code of Professional Ethics 1 A Fundamental Principles Honesty Integrity and Fairness Reasonable Care and Diligence Interests of Clients First Independence and Objectivity Professional Competence Required Knowledge and ComplianceB Specific Key Principles Reasonable Basis and Fair Representation Suitability Prohibition Against Misrepresentation Prevention and Disclosure of Conflicts of Interest Compensation Fair Dealing with Clients Prohibition Against Use of Material Non Public Information Proper Use of Professional Qualifications Preservation of Client ConfidentialityThe ACIIA is recognised and promoted by both ASIF and EFFAS representing financial analyst federations in Asia and Europe ACIIA is the international umbrella organisation for national and regional associations of investment professionals representing over 60 000 portfolio managers analysts investment advisers asset managers and fund managers etc worldwide 2 ACIIA was formed in year 2000 by two large and world s leading federations EFFAS and ASIF The third federation APIMEC of Brazil joined with ACIIA to offer CIIA program to member countries 3 bringing in a common platform of Knowledge and uniform standards to Investment professionals worldwide For the constituent analyst societies see under EFFAS and ASIF Certified International Investment Analyst editTo be awarded the CIIA candidates must pass two Common Knowledge Exams and a third National Regional Exam examining knowledge of specific markets Candidates must also have 3 years relevant experience 1 and be a member of ACIIA as well as of their local or regional society The exams are taken twice per year and are written at a postgraduate level they require 18 hours in total and the recommended preparation time is about 900 study hours The Common Knowledge Exams consist of four papers at the Foundation level and two at the Final level The foundation level papers in turn comprise multiple choice calculation discursive and short essay questions The final level exams comprise case studies and in depth essays The topics covered at both levels are Financial accounting and statement analysis Corporate Finance Economics Equity valuation and analysis Fixed income valuation and analysis Derivative valuation and analysis Portfolio management The National Regional Exam is set by the individual societies and examines specific knowledge of local markets and standards Topics covered Regulation Ethics 4 Financial statement analysis Market structures and instruments Legal and other recognition editThe CIIA is variously recognised as regards regulatory requirements or educational exam exemptions 5 The CIIA qualification is recognised as a key 2 qualification in the UK by the Financial Services Skills Council Membership of Securities amp Investment Institute SII with 3 years of Professional experience for CIIA diploma holders for full membership MSI SII is also a part of the ACIIA network The ACIIA has an awarding body status in the UK and CIIA qualification to be included on the appropriate examinations list for seven relevant activities that are regulated by the FSA Financial Services Authority in the UK 6 The Securities Analysts Association of Japan SAAJ offering the prestigious Japanese qualification CMA has given exemptions to common exams and CIIA holders have to give only regional or local exams covering only national topics 7 Securities and Futures Commission of Hong Kong the equivalent of SEC for USA recognises CIIA holders for Test of Competence and for fulfilling regulatory requirements Hong Kong Securities and Investment Institute HKSI is a part of ACIIA network offering the CIIA qualification and also membership to CIIA holders 8 The CIIA fulfils the regulatory requirements of the Polish Securities and Exchange Commission for registration as a licensed securities broker or investment adviser CIIA holders are recognized by PRMIA Professional Risk Managers International Association as the equivalent of passing first two required exams 9 Life Office Management Association LOMA an international association of Insurance and Financial services companies headquartered in the US has recognised the CIIA designation for Professional Achievement Credits PACs in its Fellow Financial Services Institute FFSI Programme 10 IFBL Institut De Formation Bancaire Luxembourg 11 in association with PWC recognises CIIA diploma holders for their Certified Private Banker program 12 giving exemptions from attending tuition blocks for i Legal and Regulatory Framework and ii Portfolio Management as well as for specific examinations References edit ethics Archived March 28 2008 at the Wayback Machine aciia org Information page Archived May 2 2009 at the Wayback Machine aciia org Sobre o CIIA apimec com br ACIIA Principles of Ethical Conduct ACIIA Association of Certified International Investment Analysts Archived from the original on 2014 09 23 Retrieved 2014 07 16 CIIA Recognition by FSP PDF 5HS The Financial Services Authority 25 The North Colonnade Canary Wharf London E14 Financial Services Authority www fsa gov uk Archived from the original on 2009 02 27 Retrieved 2009 05 16 a href Template Cite web html title Template Cite web cite web a CS1 maint multiple names authors list link CS1 maint numeric names authors list link 18 December 2008 https web archive org web 20081218084659 http www saa or jp english education ciia exam html Archived from the original on 18 December 2008 a href Template Cite web html title Template Cite web cite web a Missing or empty title help sfc hk Home Professional Risk Managers International Association PRMIA www prmia org Archived from the original on 2019 05 23 Retrieved 2019 11 03 Professional Achievement Credits PACs in the Fellow Financial Service InstituteTM FFSI Program PDF Archived from the original PDF on May 10 2017 Retrieved August 10 2017 ifbl lu Certified private bankerExternal links editOfficial Website of ACIIA EFFAS ASIF APIMEC Retrieved from https en wikipedia org w index php title Certified International Investment Analyst amp oldid 1186510439, wikipedia, wiki, book, books, library,

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