CFA Institute and the Asociación Mexicana de Instituciones Bursátiles (AMIB) Sign Cooperation Agreement
The Asociación Mexicana de Instituciones Bursátiles (AMIB) in charge of providing certification services for the licensing of capital markets professionals in Mexico has signed a cooperation agreement with CFA Institute. In this agreement, AMIB recognizes the passing of Level I of the CFA program to meet the knowledge of business requirements to practice in the industry. The CFA charter is considered the highest distinction in the investment management industry.
Since 2016, AMIB and CFA Institute have worked together to develop a proficiency model that would include the CFA program. This new model, that is followed by other regulators around the world, will ensure the competency of professionals, protect investors and recognize the educational interests, professional backgrounds and career goals of those who are seeking to obtain the CFA designation.
With this agreement, candidates who have passed Level I of the CFA program will be able to meet part of the certification requirements as: Mutual Fund Representative, Securities Representative, Financial Advisor Representative, Money Market Trader and Equity Trader. For those interested in certifying, in addition to passing the Level I of the CFA, they must also pass an exam in Ethics and local Regulations administered by the AMIB. For Money Market Trader and Equity Trader, they must also pass a systems and execution module.
This agreement, which is in effect indefinitely, reinforces AMIB's mission of strengthening and developing the Capital Markets in Mexico and the CFA Institute mission to lead the investment profession by promoting the highest standards of ethics, education and professional excellence for the ultimate benefit of society.