Finance Accreditation Agency of Malaysia also grants full accreditation to Claritas® Investment Certificate
KUALA LUMPUR, MALAYSIA -Media OutReach- 3 September 2014 -- CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials, is proud to announce that the Securities Commission of Malaysia (Suruhanjaya Sekuriti) has granted an exemption to CFA charterholders from four licensing examinations that are required for individuals who wish to act as intermediaries in the Malaysian capital markets.
The Securities Commission recognizes the CFA charter as fulfillment of the following examinations: Module 7: Financial Statement Analysis and Asset Valuation; Module 10: Asset and Funds Management; Module 12: Investment Management and Corporate Finance, and Module 14[1]: Futures & Options.
CFA Institute has more than 550 charterholders in Malaysia, represented locally by CFA Society Malaysia.
The CFA Program curriculum is firmly grounded in the knowledge and skills required every day in the investment profession and covers ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement.
"CFA Institute is proud of the trust that the Securities Commission has placed in us, and we are committed to working with the Securities Commission to develop a cadre of highly educated, ethically minded financial professionals in Malaysia," said Lee Yew Chen, CFA, president, CFA Society Malaysia, a member society of CFA Institute. "For our charterholders in Malaysia, this official recognition enhances the reputation of the CFA charter itself. This also confirms our role as a trusted partner of regulators worldwide in ensuring the highest professional and ethical standards for financial market professionals."
Globally, regulators in 23 countries and territories formally recognize CFA Institute programs, including the CFA Program, CIPM Program and Claritas Investment Certificate.
In Malaysia, CFA Institute is also proud to announce that the Claritas Investment Certificate has been granted full accreditation by the Finance Accreditation Agency, meeting the standards for learning programs in the financial services sector. The Finance Accreditation Agency (FAA) is an international and independent quality assurance and accreditation body for the Financial Services Industry (FSI) supported by Bank Negara Malaysia (Central Bank of Malaysia) and Securities Commission Malaysia (SC). This is the first global recognition for Claritas Investment Certificate from finance international accreditation body.
"We aim to ensure that the highest quality learning initiatives are available to the financial services industry. The Claritas Program accreditation signals to financial institutions that this global educational programme satisfies the highest standards of talent development," said Dr Amat Taap Manshor, Chief Executive Officer of FAA.
The Claritas Investment Certificate is a foundational level program that provides a clear understanding of the essentials of the global investment industry to anyone working in or supporting the financial services sector.
About CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal is to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has nearly 125,000 members, including 116,500 CFA charterholders, in 145 countries and territories and 144 member societies. For more information, visit www.cfainstitute.org.
About the CFA Program
The CFA Program is a globally recognized program that provides a strong foundation of real-world investment analysis and portfolio management skills along with the practical knowledge an individual needs in today’s investment industry. It also emphasizes the highest ethical and professional standards. Keeping the CFA Program curriculum current and relevant is critical. CFA Institute conducts a global “practice analysis”, which involves survey and focus group study among practicing investment professionals, to determine the knowledge, skills, and competencies that are relevant to the profession. CFA Program is thus regarded as the most rigorous program in the investment profession; while the CFA charter is widely recognized as the global passport and gold standard in the industry.
About the Claritas® Investment Certificate
The Claritas Investment Certificate is for all professional disciplines in the financial services industry outside of investment roles. From client services to compliance; from human resources to IT and operations; from marketing and sales to legal. It is designed for the many different people in the financial services industry who are not directly involved in analysing or making investment decisions. Participants do not need to meet any education or experience requirements to study for the Claritas certificate.
Follow us on Twitter @Claritas for news about the Claritas Investment Certificate from @CFAInstitute.
Contact:
Rachel Lai
CFA Institute
Tel: +852 3103 9347
Email: rachel.lai@cfainstitute.org
Joslynn Ong
FleishmanHillard
Tel: +603 2094 0760
Email: Joslynn.ong@fleishman.com
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