FIRST FINANCE is first provider to train and certify according to the French regulation authority (Autorité des Marchés Financiers – AMF). The new AMF regulation requires that anyone who works with financial instruments demonstrates a minimum level of knowledge. This regulation applies to both employees of investment and retail banking, asset management companies, brokerage companies or any Investment Services Provider (ISP), which markets financial products or processes, such as mutual funds, and advise their clients.
The law of January 30, 2009 states that: “The Investment Service Provider (ISP) ensures that individuals under its authority or work on its behalf are qualified and have a sufficient level of knowledge” (General Regulations of the AMF, Book III Providers, art.313-7-1.-I.). FIRST FINANCE prepares you for the AMF certification exam organised jointly with the CNAM (review FIRST FINANCE / CNAM certified n° C1 on 01/04/2010 by the AMF in accordance with the Article 313-7-3 of the General Regulation).
Through innovative pedagogy combining classroom courses, e-learning and MCQ training, the participants in our courses get an outstanding success rate during the FIRST FINANCE / CNAM certified examination.
Any person hired starting July 1, 2010 in an Investment Services Provider (ISP) in processing or marketing of financial products is required to validate their skills within six months after taking office, with the possibility to take the exam as many times as necessary within this interval.
Specifically, individuals who are:
- Portfolio managers.
- Back office seniors.
- RCCI / RCSI.
- Financial analysts.
- Financial instrument compensators.
There are two possibilities to validate your skills:
- The certified test FIRST FINANCE / CNAM authorized by the AMF: it is an external validation system that is valid for life regardless of the employer.
- The internal validation of knowledge required by the AMF, which is only valid if you work within the same company.
If you work already within an Investment Service Provider, this certification can help you validate your skills!
If you were already in post before 1 July 2010, you are exempt from this certification requirement (the ”grandfather” clause). However, all of your new colleagues hired since then date need to be certified, and thus, possess official recognition of their knowledge. Practically, this certification examination AMF is already becoming a standard of Place.
Although AMF certification relates only to people working with financial instruments, all employees of Investment Services Providers (banks, asset managers…) could be benefited by the addition of the AMF Certification in their curriculum to validate their knowledge and experience and even acquire new skills.