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N°5
Quarterly Newsletter - March 2004 -
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ACIIA®
Final level March examinations |
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On
4th and 5th of March, the seventh session
of the CIIA® final level examinations
took place in 26 cities throughout the
world. In addition to the examination
centres in Tokyo, Osaka, London, New York,
Frankfurt, Brussels, Interlaken, Oman,
Kolkata, Ahmedabad, Amritsar, Gurgaon,
Mumbai, Hyderabad, Milan, Madrid, Barcelona,
Bilbao, Hong Kong, Seoul, Warsaw and Paris,
the ACIIA® was pleased to welcome
candidates to CIIA® final exams
in Vienna, Moscow, Luxembourg and Casablanca
for the first time this session.
The candidates sat the exams under the
auspices of ACIIA® members
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ABAF Belgium, SFAF France, ALGAFI Luxembourg,
OeVFA Austria, GIFA Russia, SMAF Morocco,
DVFA Germany, HKSI Hong Kong, KCIAA Korea,
ICFAI/CPMR India, AIAF Italy, SAAJ Japan,
PABIA Poland, IEAF Spain and SFAA Switzerland.
The candidates enrolled for a total of
1'704 examination papers in a range of
9 languages.
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ACIIA®
Candidates in Switzerland
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The rigorous marking
procedure is now underway and involves
the correction of checking the individual
papers up to three times by independent
markers to guarantee the quality and
consistency of the marking procedure
across the world. At the beginning
of May, the candidates will learn
if they have joined the ranks of the
other 2104 CIIA®
holders who have passed the examination
program since its inception in March
2001.
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CIIA®
recognition continues to grow |
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The
ACIIA® has taken some significant steps
in the last few months with the first
ACIIA® member on the African continent
being established in Morocco, and the
CIIA® examinations taking on a more substantial
role in India and China.
Morocco
On 27th November 2003, the newly formed
Société Marocaine des Analystes Financiers
(SMAF Morocco) was co-opted as an associate
member of the ACIIA®, and is proud
to be the first member of ACIIA®
on the African continent. The first cohort
of SMAF candidates were present at the
CIIA final examinations in March 2003,
and the ACIIA® congratulates SMAF
Morocco for taking the initiative to represent
and promote the interests of investment
professionals in Morocco in regard to
training, professional ethics and transparency
of information for the Moroccan capital
market participants.
China
The Securities Analysts Association of
China (SAAC) first joined ACIIA®
as a funding member in 2002. The governing
body of the SAAC, the Securities Association
of China (SAC), which is responsible for
the regulation of the investment industry
in China, has now decided to adopt the
CIIA®
examinations
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as
its standard for training and certifying
Chinese investment professionals. The
project of establishing the necessary
CIIA training courses and examination
centres in China is underway, with the
support of ACIIA®
members HKSI Hong Kong and SFAA Switzerland.
India
The CPMR India, in conjunction with its
parent body, the ICFAI University, first
implemented the CIIA®
examinations in 2002 as an optional extra
level for graduates of their Indian national
examination program. There is a growing
market for certification in India as a
result of economic liberalisation and
globalisation, and the CPMR India, convinced
by the quality and advantages of the CIIA®
examination for Indian analysts, has now
elected to make the CIIA®
Final Level examinations a compulsory
unit for candidates enrolled in the national
qualification program. The increasing
recognition of the CIIA®
in these countries enhances the growing
diversity of environments in which the
CIIA®
is making an impact as a unique qualification
in the field of investment analysis. Keep
a look out for full reports on the profiles
of the Indian and Moroccan Associations
in our next issue under "Members Highlights".
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