Business

Institute of Capital Markets to impart professional training

Signs MoU with the CFA Institute for organising globally-relevant programmes.

Our Correspondent January 01, 2013 1 min read

The ICM, SECP and CFA Institute are going to collaborate on delivering financial literacy training to journalists, who will benefit from a better understanding of investment and finance. DESIGN: FAIZAN DAWOOD

KARACHI: The Institute of Capital Markets (ICM), which provides Pakistan’s financial institutions with licensing certification, on Tuesday signed a memorandum of understanding (MoU) with the CFA Institute – a global association of investment professionals – and its member the CFA Society Pakistan (CFASP), to organise globally-relevant professional education and training programmes that can promote ethical practice in finance.

The MoU covers six key areas of cooperation, namely: the promotion of the CFA Institute Code and Standards; exchange of knowledge and educational resources; ethics training; financial literacy training; ICM examination and curriculum development; and regulatory waivers for CFA candidates and charter-holders.

“We’re already conducting mutual funds distributors and stock brokers certification programmes, while eight new programmes are in the pipeline, which will be on insurance, risk management, compliance and others,” said Syed Javed Hassan, while addressing professionals belonging to the financial sector present at the MoU signing ceremony.

The MoU will enable the ICM and the Securities and Exchange Commission of Pakistan (SECP) to distribute CFA Institute publications in Pakistan, including its internationally-renowned Codes and Standards and Asset Managers Code of Professional Conduct. The ICM, CFA Institute and CFASP will jointly develop and deliver ethics and market integrity workshops for various industry entities, including the SECP and stock exchanges.

The ICM, SECP and CFA Institute are going to collaborate on delivering financial literacy training to journalists, who will benefit from a better understanding of investment and finance. In addition, the ICM and CFA Institute will exchange ideas and best practices in examination and curriculum development.

Published in The Express Tribune, January 2^nd, 2013.

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