The Chartered Institute for Securities & Investment (CISI) has announced a change of name for its key, wholesale market qualification.
The CISI Certificate in Investments Programme will become known as the CISI Capital Markets Programme (CMP), effective immediately.
The CISI Capital Markets Programme is comprised of a regulatory unit, completed successfully by passing a one hour multiple choice exam and at least one technical units: Securities and/or a range of Derivatives examinations, which are normally two hour multiple-choice exams.
The programme is designed to meet the requirements of individuals working in the wholesale securities and derivatives markets, both in the UK and internationally.
The qualification is accredited by the education regulator Ofqual as a level 3 and on the European Qualifications Framework this equates to a level 4.
Students can choose to self-study for the exam using CISI learning manuals or have formal training at one of CISI’s many Accredited Training Providers (ATP).
Ruth Martin, CISI Managing Director, said: “The CISI must continue to ensure that our examinations meet the requirements of different parts of the sector. There are more CISI exams taken by candidates working, or aspiring to work in the wholesale sector than in any other part of our sector and the examinations we offer in the Capital Markets programme have been developed and are reviewed by capital markets experts. The rebranding to the Capital Markets Programme underpins our commitment to this sector. ”
In addition, to increase candidates’ ethical awareness, since April this year the CISI has introduced the requirement that UK exam candidates taking these Capital Markets Programme exams must have obtained a grade A or B pass in IntegrityMatters as a pre-requisite to sitting the exam. IntegrityMatters is an elearning module designed to highlight ethical dilemmas which candidates might face at work.