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Benchmarking & Accreditation

From Brazil to South Africa and Vietnam to the United Kingdom, our educational programs are formally recognized by regulators, universities, and certification programs in 31 countries and territories.

This global recognition reflects the breadth and depth of our program curricula, as well as our leadership in ethics education.

Regulator and Program Recognition

Get the fact card (PDF)

View the education, certification, and licensing waivers granted for participation in our programs

CFA® Program

Australia Securities and Investment Commission (ASIC)

The Australia Securities and Investment Commission (ASIC) has ranked the RG 146 Gap Training program for CFA charterholders and CFA Program candidates at Tier 1. The RG 146 Gap Training Program is intended for candidates who have passed the CFA Level I exam or charterholders who wish to fulfill the requirements necessary to provide both financial product advice to retail clients and personal advice.

Read general advice about RG 146 Gap Training Program for CFA charterholders and candidates

Read personal advice about RG 146 Gap Training for CFA charterholders and candidates

Learn more about ASIC Consultation Paper 153 outlining the current training and competence requirements for financial advisers under Regulatory Guide 146

South African Qualifications Authority

The South African Qualifications Authority (SAQA) has benchmarked the CFA charter as comparable to its National Certificate in Financial Markets and Instruments.

Learn more about the National Certificate in Financial Markets and Instruments

UK National Academic Recognition Information Centre (UK NARIC)

The UK National Academic Recognition Information Centre (UK NARIC) has benchmarked the CFA Program and the CFA charter as comparable to a Qualifications and Credit Framework (QCF) Master's Level 7.

Each level of the CFA Program has been benchmarked to provide comparability:

  • Level III of the CFA Program and the CFA charter are benchmarked at Level 7 by NARIC 
  • Level II of the CFA Program is benchmarked at Level 6 by NARIC
  • Level I of the CFA Program is benchmarked at Level 5 by NARIC

In addition, UK NARIC was commissioned by CFA Institute to undertake an international benchmarking study to compare the CFA designation against the education systems in Australia, Canada, Hong Kong, India, the Republic of Ireland, Malaysia, the Philippines, Singapore, South Africa, Switzerland, US, and the UK (in the context of the Scottish and Welsh systems).

Read the Executive Summary of the International Benchmarking Analysis of CFA Institute Qualifications (PDF)

CIPM® Program

UK National Academic Recognition Information Centre (UK NARIC)

The UK National Academic Recognition Information Centre (UK NARIC) has benchmarked the Expert Level of the CIPM Program and the CIPM designation as comparable to a QFC Bachelor's Level 6 qualification.

  • The Expert Level of the CIPM Program and the professional designation are comparable to QCF Level 6
  • The Principles Level of the CIPM Program is comparable to QCF Level 5

Investment Foundations® Program

Finance Accreditation Agency

The Finance Accreditation Agency, 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), has granted the Investment Foundations Program full accreditation.

UK National Academic Recognition Information Centre (UK NARIC)

The UK National Academic Recognition Information Centre (UK NARIC) has benchmarked the Investment Foundations Program as comparable to a QCF, now RQF Level 3 qualification.

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