List of securities examinations
The following is a list of securities examinations and the organizations that offer them.
Africa
- The Securities Industry Training Institute East Africa (SITI) was conceptualized in 2008 for this aim for East Africa. It is a joint effort involving Uganda Securities Exchange Ltd (USE), Kenya's Nairobi Securities Exchange Ltd (NSE), Tanzania's Dar-es-Salaam Stock Exchange Ltd (DSE), and the Central Depository & Settlement Corporation Ltd (CDSC) and Rwanda Stock Exchange, to standardize and administer market education for the East African region.
- Ethiopia Institute of Financial Studies (EIFS) training program
- Ghana Stock Exchange (GSE) Securities Courses
- Namibia Stock Exchange (NSX) semi-annual Stock-brokering Exams
- Nigerian Stock Exchange (NSE) offers a few certificate programs including:
- Module 1: The role and responsibilities of Compliance Officers in the Capital Market
- Module 2: Compliance risk based monitoring programmes
- Module 3: Conduct of business obligations of a Broker dealer firm
- Module 4: Anti-money laundering and terrorist financing
- Module 5: Capital Market Operations
- South African Institute of Financial Markets offers a wide variety of training options
Asia Pacific (ASEAN Plus Three)
Indonesia
- Indonesia Stock Exchange (IDX) Educational Programs
- IDX Basic Education Program
- IDX Intermediate Education Program
- IDX Advance Education Program
Singapore
- Singapore College of Insurance (SCI)
Malaysia
The Securities Commission of Malaysia, Suruhanja Sekuriti, provides an overview of licensing/certification in the country for those who deal in securities, derivatives, financial planning, etc.
China
- ATA
Hong Kong, S.A.R.
- The Hong Kong Securities and Investment Institute (HKSI)
- Joint Programs with HKSI
- Hong Kong Exchanges and Clearing Limited (HKEx)
- The Chartered Institute for Securities & Investment (CISI)
- The Hong Kong Polytechnic University
- The City University of Hong Kong
India
- National Stock Exchange of India NCMP Certified Market Professional
- Bombay Stock Exchange Training & Certification
Japan
- Japanese Securities Dealers Association offers level 2 (RR2) and level 1 (RR1) exams, both in Japanese and English
- FINRA Series 47 exam - this is an exam issued by FINRA in the USA relating to Japan securities, but it is not in Japanese language or a Japan-issued exam
Republic of The Philippines (Pilipinas)
- Securities Representative Certification Exam (SRCE)
- Associated Persons Certification Exam (APCE)
- The Investment Company Representative Certification Program (ICRCP)
Thailand
- Securities Analysts Association (SAA)
Europe
- Irish Stock Exchange Xetra Exam
- Chartered Institute for Securities & Investment (CISI) (United Kingdom)
- The Finnish Society of Financial Analysts
- Courses & Seminars in English, offered by Oslo Stock Exchange
Courses & Seminars in Norwegian/Norsk, offered by Oslo Stock Exchange
- SwedSec Licensiering AB, subsidiary of the Swedish Securities Dealers Association
- The European Federation of Financial Analysts Societies
Global
- ACI The Financial Markets Association, f.k.a. Association Cambiste Internationale, offers a full 'suite of examinations' including Dealing & Operations certificates, among others
- CFA Institute
- Securities & Investment Institute (SII) for Islamic/Syariah Finance
- Thomson Reuters
Latin America (Central & South America)
- Brazil's BM&F BOVESPA offers a variety of courses & certificates, in both Portuguese and other languages like Spanish/English, such as knowledge of operations of capital markets, derivatives and stock.
- Chile's Santiago Stock Exchange website lists a plethora of financial markets education courses for investors, in Spanish, with the Derivatives Program offer distinctly appearing also in the English version.
The Middle East
- Israeli Securities Authority - Securities Law and Ethics Exam]
- Capital Market Authority (Saudi Arabia)
- General Securities Qualification Examination (CME-1)
- Compliance & Anti-money laundering/CTF (CME2)
- Broker-Dealer Qualification Certificate (CME-3)
- Muscat Securities Market of Oman website lists the following subjects under "Brokers > CISI study materials" :
- International Introduction to Securities & Investment in English or Arabic
- Oman Securities Market Regulation in English
- Global Securities in English or Arabic
- Global Financial Compliance in English
- Operational Risk in English
- Risk in Financial Services in English
- NASDAQ Dubai Academy currently advertises enrollment into its established course on AML, with a note on its website that customized training on other financial topics (ranging from equities to debt to derivatives) may be tailored per request.
North America
Canada
- Canadian Securities Institute (CSI) - variety of exams for certification.
United States of America
The following is a list of the U.S. Financial Industry Regulatory Authority (FINRA), NASAA, and National Futures Association (NFA) financial securities examinations. Most FINRA examinations are divided into two categories: Registered Representative and Registered Principal levels.
Registered Representative Level
- Series 3 - National Commodity Futures Exam*
- Series 5 - Interest Rate Options Exam
- Series 6 - Investment Company and Variable Contracts Exam (Mutual Funds/Variable Annuities)
- Series 7 - General Securities Representative Exam (Stockbroker)
- Series 11 - Assistant Representative - Order Processing
- Series 15 - Foreign Currency Options Exam
- Series 17 - Limited Representative (FSA registration)
- Series 22 - Direct Participation (Limited partnerships) Exam
- Series 30 - Futures - Branch Office Manager Exam*
- Series 31 - Futures - Managed Funds Exam*
- Series 32 - Futures Exam - United Kingdom Representatives*
- Series 37 - Canadian Module of the General Securities Exam
- Series 38 - Canadian Module of the General Securities Exam
- Series 42 - Registered Options Representative Exam
- Series 44 - NYSE Arca Options Market Maker Exam
- Series 47 - Japanese Module of the General Securities Exam
- Series 52 - Municipal Securities Representative Exam
- Series 55 - Equity Trader - Limited Representative Exam
- Series 56 - Proprietary Trader Qualification Exam
- Series 62 - Corporate Securities - Limited Representative Exam
- Series 63 - Uniform Securities Agent State Law Exam*
- Series 65 - Uniform Registered Investment Adviser Law Exam (RIA)*
- Series 66 - Uniform Investment Adviser - Combined State Laws Exam (Combined 63 and 65)
- Series 72 - Government Securities - Limited Representative
- Series 79 - Investment Banking Exam
- Series 82 - Private Securities Offerings - Limited Representative
- Series 86 - Research Analyst - Securities Analysis
- Series 87 - Research Analyst - Regulations
- Series 99 - Operations Professional
Registered Principal Level
- Series 4 - Registered Options Principal Exam
- Series 9 - NYSE General Securities Sales Supervisor Exam - Options
- Series 10 - NYSE General Securities Sales Supervisor Exam - General Module
- Series 12 - NYSE Branch Manager
- Series 14 - NYSE Compliance Officer
- Series 16 - NYSE Supervisory Analyst
- Series 23 - General Securities Principal (Upgrade from Series 9 and 10)
- Series 24 - General Securities Principal Exam
- Series 26 - Investment Company (Mutual Funds) Principal Exam
- Series 27 - Financial and Operations Principal Exam
- Series 28 - Financial and Operations Principal Introducing Broker Exam
- Series 39 - Direct Participation Programs Principal Exam
- Series 51 - Municipal Fund Securities Limited Principal
- Series 53 - Municipal Securities Principal Exam