Netherlands: Regulatory Waivers

The Regulator

The Dutch Securities Institute (DSI) is the financial regulator in the Netherlands.

Requirements for Practice

The DSI has set minimum criteria for registration as a Registered Practitioner in the Registers of DSI. CFA Institute has recognition in the following registers:

  • Senior Investment Adviser
  • Fund Manager
  • Senior Fund Manager
  • Financial Analyst
  • Senior Financial Analyst
Irrespective of the register, an applicant must have completed the "DSI Probity Module" Course at the time of the application. The "Ethics Workshop" must be attended before 1 December in the year following that of Registration.

The acceptable criteria for each of the public registries can be found in Annex I of the DSI General Regulations (PDF).

The Waivers

Financial Analyst

After having completed at least a relevant higher vocational (HBO) course, successful completion of the CFA Level I exam meets the qualifications requirement to be a Financial Analyst. In addition, a Financial Analyst must have at least two years of recent and relevant job experience.

Fund Manager

After having completed at least a relevant higher vocational (HBO) course, successful completion of the CFA Level I exam meets the qualifications requirement to be a Fund Manager. In addition, a Fund Manager must have at least two years of recent and relevant job experience.

Senior Financial Analyst

After having completed at least a relevant higher vocational (HBO) course, earning the CFA charter meets the qualifications requirement to be a Senior Financial Analyst. In addition, a Senior Financial Analyst must have at least five years of recent and relevant job experience.

Senior Fund Manager

After having completed at least a relevant higher vocational (HBO) course, earning the CFA charter meets the qualifications requirement to be a Senior Fund Manager. In addition, a Senior Fund Manager must have at least five years of recent and relevant job experience.

Senior Investment Adviser

Successful completion of the CFA Level I exam meets the qualifications requirement to be a Senior Investment Adviser. In addition a Senior Investment Adviser must have at least three years of recent and relevant job experience.