Holders’ employment rate

About us


ACIIA Goals and Structure

ACIIA is a non-profit international association established in 2000, based on a network of NMSs which represent investment professionals in their respective countries and regions.

The objective of ACIIA is to provide an internationally recognized, advanced professional qualification called CIIA. To this end, ACIIA continuously reviews the quality and the relevance of the CIIA examination and the CIIA training materials.

ACIIA considers professional competence and ethics as the two key pillars underlying investment analysts’ activities worldwide. It also places an emphasis on investment analysts’ independence from any external undue pressures which could impair their objectivity.

ACIIA recognizes the governing role of NMSs in their own countries – irrespective of their size or the development stage of their local markets. This recognition of national sovereignty is a key factor which differentiates ACIIA from other similar associations. Its policy to respect the cultural and regulatory aspects of each country helps investment analysts better understand local factors which would affect investment decisions and thus minimize the risk of these decisions being taken based on wrong or incorrect views or perceptions. The cultural and regulatory aspects of each country are incorporated into a national specific examination coverage in addition to the common, global aspects that are examined.

ACIIA relies on NMSs for the development and enhancement of the CIIA designation and expects both the examination administration and training programs to be managed by NMSs in their countries and regions.

There are three types of members: Federation, Contracting and Associate. The governing body of ACIIA is the Council, which consists of Federation and Contracting Members. The Council holds its meetings twice a year in June and November and the Annual General Meeting is held at the same time as the Council Meeting is held in June.

You can download the ACIIA Information Booklet here



CIIA certification is officially recognized by financial market authorities as a required or as an adequate qualification for investment professional in the following countries: China, Hong-Kong, Italy, Korea, Portugal, Russia, Spain and Vietnam. In France, CIIA was agreed as an approved qualification by the Ministry of Education.

In certain countries, CIIA holders’ benefit from exemption (partial or complete) of professional examination requirement due to the recognition of the quality content of CIIA. This is the case in Argentina, Brazil, Greece, Poland, Russia and in the UK



CIIA recognition by FSP

In July 2007 the CIIA designation gained recognition from the Financial Skills (FSSC) in the United Kingdom as a Key 2 qualification. The ACIIA now has awarding body status and the CIIA qualification was included on the appropriate examinations list for seven relevant activities that were regulated by the predecessor of FCA (FSA) in the UK.

The CIIA plus a UK regulatory module is now included on the FSP’s quality assured qualifications list in the areas of advising on securities (e.g., equities and bonds) and advising on derivatives in the wholesale market place (see Click Here)


CIIA Retail Distribution Review (RDR) Compliant

The CIIA is recognised by the Financial Conduct Authority (FCA) in the UK as being an RDR compliant qualification in the following four activities:

Activity No. 2
Advising on (but not dealing in) securities*

Activity No. 3
Advising on (but not dealing in) derivatives*

Activity No. 12
Advising on and dealing in securities*

Activity No. 13
Advising on and dealing with or for clients in derivatives

(* which are not stakeholder pension schemes or broker funds)

For a CIIA graduate to practice in the UK, they need to have passed two modules such as those offered by The Chartered Institute for Securities & Investment CISI. There are two modules that cover the new UK content which are available under their Investment Advice Diploma:

  • FSA regulation and professional integrity; and
  • Investment, risk and taxation.

Both modules need to be completed to cover the UK element.

(note: https://www.handbook.fca.org.uk/handbook/TC/App/4/?view=chapter)


Back to top

Latest news

home map

Check out the news by CIIA

Latest news

ACIIA Contact