ACI – The Financial Markets Association (ACI FMA) has announced an upgraded to its examination suite with the launch of the ACI Dealing Certificate New Version.
The new exam will co-exist with the current ACI Dealing Certificate for a minimum period of six months, the association says, before the latter is discontinued.
The exam is recognised by international regulators including the UK’s Financial Conduct Authority, which recognises the ACI Dealing Certificate complying with the qualification requirements of four activities within its Retail Distribution Review.
The ACI Dealing Certificate New Version – a precursor to the ACI Diploma, which was updated in December 2019 – is similarly organised across its five core areas: Financial Markets Environment, Foreign Exchange, Rates, FICC Derivatives and Financial Markets Applications. It is aimed at new entrants and junior dealers, middle office and operations personnel, auditors and compliance officers and is the first ACI exam launched with two different pricing levels for members and non-members, thus ensuring that ACI members obtain greater value from membership.
“ACI FMA has continued to lead the way in influencing trading education, conduct and behaviour internationally,” says Rui Correia, director and chair of ACI FMA’s Board of Education. Ensuring our exams and educational tools are updated in line with changing market dynamics and regulatory initiatives are crucial to this.
“The ACI Dealing Certificate New Version will play a key role in ensuring market professionals acquire good knowledge of the structure and operation of the major financial markets,” he adds. “Over the coming months, we will continue to focus on updating our examination suite and respective syllabus.”