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10.12.09
Professional certification for financial market participants: what the AFG is doing to help |
- On 8 December 2009, the AFG held an informational session to discuss professional certification for financial market participants and what the AFG has done in this regard. During the meeting, the AMF presented the regulatory framework for certification and explained how requests for certification of examinations would be handled operationally.
- This measure comes into force on 1 July 2010. It involves the functions of trader, salesperson, financial analyst, fund manager, head of clearing and post-trading functions, head of compliance and internal control and head of compliance and investment services. Personnel will benefit from a grandfather clause until 1 July 2010 – only new employees and those who have moved to other companies must take the examination.
- The AFG plans to file a proposal with the AMF for a certified examination.
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