List of securities examinations

The following is a list of securities examinations and the organizations that offer them.

Africa

The Securities Industry Training Institute East Africa (SITI) was conceptualized in 2008 for this aim for East Africa. It is a joint effort involving Uganda Securities Exchange Ltd (USE), Kenya's Nairobi Securities Exchange Ltd (NSE), Tanzania's Dar-es-Salaam Stock Exchange Ltd (DSE), and the Central Depository & Settlement Corporation Ltd (CDSC) and Rwanda Stock Exchange, to standardize and administer market education for the East African region.
Ethiopia Institute of Financial Studies (EIFS) training program
Ghana Stock Exchange (GSE) Securities Courses
Namibia Stock Exchange (NSX) semi-annual Stock-brokering Exams
Nigerian Stock Exchange (NSE) offers a few certificate programs including:
- Module 1: The role and responsibilities of compliance officers in the capital market
- Module 2: Compliance risk based monitoring programmes
- Module 3: Conduct of business obligations of a broker dealer firm
- Module 4: Anti-money laundering and terrorist financing
- Module 5: Capital market operations
South African Institute of Financial Markets offers a wide variety of training options

Asia Pacific (ASEAN Plus Three)

Indonesia

Indonesia Stock Exchange (IDX) Educational Programs
- IDX Basic Education Program
- IDX Intermediate Education Program
- IDX Advance Education Program

Singapore

Singapore College of Insurance (SCI)

Malaysia

The Securities Commission of Malaysia (Suruhanja Sekuriti) provides an overview of licensing/certification in the country for those who deal in securities, derivatives, financial planning, etc.

China

Hong Kong, S.A.R.

The Hong Kong Securities and Investment Institute (HKSI)
Joint Programs with HKSI
- Hong Kong Exchanges and Clearing Limited (HKEx)
- The Chartered Institute for Securities & Investment (CISI)
- The Hong Kong Polytechnic University
- The City University of Hong Kong

India

National Institute of Securities Markets
National Stock Exchange of India NCMP Certified Market Professional
Bombay Stock Exchange Training & Certification

Japan

Core Knowledge Inc
Japanese Securities Dealers Association (JSDA)
FINRA Series 47 exam

Philippines

Securities Representative Certification Exam (SRCE)
Associated Persons Certification Exam (APCE)
The Investment Company Representative Certification Program (ICRCP)

Thailand

Securities Analysts Association (SAA)

Global

ACI The Financial Markets Association, f.k.a. Association Cambiste Internationale, offers a full 'suite of examinations' including Dealing & Operations certificates, among others
CFA Institute
Securities & Investment Institute (SII) for Islamic/Syariah Finance
Thomson Reuters

The Middle East

Israeli Securities Authority – Securities Law and Ethics Exam]
Capital Market Authority (Saudi Arabia)
- General Securities Qualification Examination (CME-1)
- Compliance & Anti-money laundering/CTF (CME2)
- Broker-Dealer Qualification Certificate (CME-3)
Various courses for The U.A.E. (Dubai, Abu Dhabi), Kuwait, Bahrain, Saudi Arabia

North America

Canada

Canadian Securities Institute (CSI) – variety of exams for certification.
IFSE Institute (IFSE) – variety of exams for certification.

United States of America

The following is a list of the U.S. Financial Industry Regulatory Authority (FINRA), NASAA, and National Futures Association (NFA) financial securities examinations. Most FINRA examinations are divided into two categories: Registered Representative and Registered Principal levels.

Registered representative level

Series 3 – National Exchange Exam*
Series 5 – Interest Rate Options Exam
Series 6 – Investment Company and Variable Contracts Exam (Mutual Funds/Variable Annuities)
Series 7 – General Securities Representative Exam (Stockbroker)
Series 11 – Assistant Representative – Order Processing
Series 15 – Foreign Currency Options Exam
Series 17 – Limited Representative (FSA registration)
Series 22 – Direct Participation (Limited partnerships) Exam
Series 30 – Futures – Branch Office Manager Exam*
Series 31 – Futures – Managed Funds Exam*
Series 32 – Futures Exam – United Kingdom Representatives*
Series 37 – Canadian Module of the General Securities Exam
Series 38 – Canadian Module of the General Securities Exam
Series 42 – Registered Options Representative Exam
Series 44 – NYSE Arca Options Market Maker Exam
Series 47 – Japanese Module of the General Securities Exam
Series 52 – Municipal Securities Representative Exam
Series 55 – Equity Trader – Limited Representative Exam
Series 56 – Proprietary Trader Qualification Exam
Series 62 – Corporate Securities – Limited Representative Exam
Series 63 – Uniform Securities Agent State Law Exam*
Series 65 – Uniform Registered Investment Adviser Law Exam (RIA)*
Series 66 – Uniform Investment Adviser – Combined State Laws Exam (Combined 63 and 65)
Series 72 – Government Securities – Limited Representative
Series 79 – Investment Banking Exam
Series 82 – Private Securities Offerings – Limited Representative
Series 86 – Research Analyst – Securities Analysis
Series 87 – Research Analyst – Regulations
Series 99 – Operations Professional

Registered principal level

Series 4 – Registered Options Principal Exam
Series 9 – General Securities Sales Supervisor Exam – Options
Series 10 – General Securities Sales Supervisor Exam – General Module
Series 12 – NYSE Branch Manager
Series 14 – NYSE Compliance Officer
Series 14A – NYSE DMM Compliance Official Examination
Series 16 – NYSE Supervisory Analyst
Series 23 – General Securities Principal (Upgrade from Series 9 and 10)
Series 24 – General Securities Principal Exam
Series 26 – Investment Company and Variable Contracts Products Principal Exam
Series 27 – Financial and Operations Principal Exam
Series 28 – Financial and Operations Principal Introducing Broker Exam
Series 39 – Direct Participation Programs Principal Exam
Series 51 – Municipal Fund Securities Limited Principal
Series 53 – Municipal Securities Principal Exam

Latin America

Costa Rica

Securities broker license
Operator and promotor in currency derivatives

Europe

Irish Stock Exchange Xetra Exam
Chartered Institute for Securities & Investment (CISI) (United Knigdom)
The Finnish Society of Financial Analysts
Courses & Seminars in English, offered by Oslo Stock Exchange
Courses & Seminars in Norwegian/Norsk, offered by Oslo Stock Exchange
SwedSec Licensiering AB, subsidiary of the Swedish Securities Dealers Association
The European Federation of Financial Analysts Societies