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The directive references prior SEC circulars/directives and states which provisions prevail in case of inconsistency, including rescission of Circular No:05/2009. It sets minimum entry requirements and revised criteria for granting exemptions based on prior academic/professional qualifications, and outlines pathways for obtaining specific registered advisor and certified advisor qualifications.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/sec-sri-lanka-investment-advisors-certification-programs-directive-on-revised-terms-and-conditions/394317/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/sec-sri-lanka-investment-advisors-certification-programs-directive-on-revised-terms-and-conditions/394317.png","ImageObject",300,407,{"name":92,"@type":93},"acoobca","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-03","2026-09-26",true,{"@type":102,"interactionType":103,"userInteractionCount":52},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What is this directive about for investment advisors?","Question",{"text":112,"@type":113},"It approves revised terms and conditions for Certification Programs, Viva Voce Examinations, and Continuous Professional Development (CPD) programs for investment advisors under Sri Lanka’s SEC authority.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"What are the minimum entry requirements for registering for certification programs?",{"text":117,"@type":113},"Applicants must meet specified academic prerequisites such as passing GCE Advanced Level subjects, or passing GCE Ordinary Level with defined Mathematics/English and other subject passes plus a foundation degree program, or completing first-stage requirements of recognized finance degrees/professional qualifications.",{"name":119,"@type":110,"acceptedAnswer":120},"When are exemptions granted or not granted for certification programs?",{"text":121,"@type":113},"Exemptions are granted on a modular basis when applicants have qualifying prior examinations or degrees (e.g., CFA Level I). Exemptions are explicitly not granted for Series 6 (Financial Planning, Advising and Marketing) and Series 7 (Securities Regulation and Ethics).","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},394317,1790924716,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":52,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":19,"language":139,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":67,"update_tm":143,"read_time":52,"preview_page_count":4},3985747870733,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","1 August 2024  \n# Section 1\n\nTO:   COLOMBO STOCK EXCHANGE  \nALL LICENSED STOCKBROKERS,DEALERS IN EQUITY &DEBT AND MANAGINGCOMPANIES OF UNIT TRUSTS/COLLECTIVE INVESTMENT SCHEMES  \nCERTIFICATION PROGRAMS,VIVA VOCE EXAMINATIONS AND CONTINUOUSPROFESSIONAL DEVELOPMENT PROGRAMS FOR INVESTMENT ADVISORS -DIRECTIVEISSUED IN TERMS OF SECTION 16(C)OF THE SECURITIES AND EXCHANGE COMMISSIONOF SRI LANKA ACT NO.19 OF 2021  \nThe Securities and Exchange Commission of Sri Lanka(SEC)at its 493rd Commission Meeting resolvedto grant approval to the following revised terms and conditions applicable to Certification Programs,VIVA VOCE Examinations and Continuous Professional Development(CPD)programs for investmentadvisors.  \ni)   This Directive is issued further to the SEC Circular no.08/2009 dated 13th October 2009(Ref:  \nSEC/LEG/09/10/31),SEC Directive dated 18th December 2018(Ref:SEC/CMET/2018/12/103),  \nSEC Circular dated 10th July 2020(Ref:SEC/ER&CME/2020/07/09),SEC Directive dated on  \n14th August 2020(Ref:SEC/ER&CME/2020/08/16),SEC Circular dated 01t February 2023  \n(Ref:SEC/ER &CME/2023/02/05)  \nii)SEC Circular No:05/2009 dated 25ᵗAugust 2009 is hereby rescinded.  \nWhere there is an inconsistency between the Directives and Circulars mentioned in(i)above,theprovisions of this Directive shall prevail.  \nThis section applies to all Certification Programs conducted by the SEC  \n## 1.    Minimum entry requirement when registering for certification programs withprevious academic and/or professional qualifications\n\n1.1 Pass all subjects at the GCE Advanced Level examination;or  \n1.2 Pass all subjects at the GCE Ordinary Level examination with 2B passes for Mathematicsand English and minimum of 5C passes for the remaining subjects together with aFoundation Level of a Bachelors'Degree program completed with a minimum durationof 9 months;or  \n1.3 First year completed of a Bachelor's Degree in Finance by a University GrantsCommission of Sri Lanka(UGC)approved University;or  \nAMember of  \nwww.sec.gov.lk  \nwww.cmet,sec.gov.k  \nwww.cmic,sec.gov.k  \nContinuation Sheet  \n1.4 First stage completed of Chartered Institute of Management Accountants(CIMA),Association of Chartered Certified Accountants(ACCA),Institute of CharteredAccountants of Sri Lanka(CA),Chartered Institute of Marketing(CIM),or any otherfinance related professional qualification acceptable to the SEC.  \n## 2.    Revised criteria to grant exemptions when registering for certification programswith previous academic and/or professional qualifications.\n\n2.1 The exemptions are intended to provide a waiver as a result of previous academic orprofessional training of candidates.Exemptions are granted on a modular basis foreach certification.  \n2.2 The applicant who has passed the Level I examination of the Certified FinancialAnalysts(CFA)program is eligible for exemptions from Securities Markets andInstruments(Series 1),Equity Securities(Series 2)Debt Securities(Series 3)andDerivatives(Series 4).  \n2.3 The applicant who is a passed finalist of the Chartered Institute of ManagementAccountants(CIMA)is eligible for exemptions from Securities Markets and Instruments(Series 1),Equity Securities(Series 2)and Debt Securities(Series 3).  \n2:4 The applicant who is a passed finalist of the Association of Chartered CertifiedAccountants(ACCA)is eligible for exemptions from Securities Markets and Instruments(Series 1),Equity Securities(Series 2)and Debt Securities(Series 3).  \n2.5 The applicant who is a passed finalist of the Institute of Chartered Accountants of SriLanka(CA)is eligible for exemptions from Securities Markets and Instruments(Series  \n1),Equity Securities(Series 2)and Debt Securities(Series 3).  \n2.6 The applicant who has obtained a Bachelor's Degree and/or Master's Degree in Financeby a UGC approved University is eligible for exemptions from Securities Markets andInstruments(Series 1),Equity Securities(Series 2)and Debt Securities(Series 3),  \n2.7 Exemptions for all other applicants including univ","cbCaiuAmtw0XVtAw","https://ap.wps.com/l/cbCaiuAmtw0XVtAw","pdf",174262,"English","# Section 1\n## Minimum entry requirement when registering for certification programs with previous academic and/or professional qualifications\n## Revised criteria to grant exemptions when registering for certification programs with previous academic and/or professional qualifications\n# Section 2\n## Registered Investment Advisor-RIA\n## Certified Equity Securities Advisor-CESA\n## Certified Debt Securities Advisor-CDSA","[{\"question\":\"What is this directive about for investment advisors?\",\"answer\":\"It approves revised terms and conditions for Certification Programs, Viva Voce Examinations, and Continuous Professional Development (CPD) programs for investment advisors under Sri Lanka’s SEC authority.\"},{\"question\":\"What are the minimum entry requirements for registering for certification programs?\",\"answer\":\"Applicants must meet specified academic prerequisites such as passing GCE Advanced Level subjects, or passing GCE Ordinary Level with defined Mathematics/English and other subject passes plus a foundation degree program, or completing first-stage requirements of recognized finance degrees/professional qualifications.\"},{\"question\":\"When are exemptions granted or not granted for certification programs?\",\"answer\":\"Exemptions are granted on a modular basis when applicants have qualifying prior examinations or degrees (e.g., CFA Level I). Exemptions are explicitly not granted for Series 6 (Financial Planning, Advising and Marketing) and Series 7 (Securities Regulation and Ethics).\"}]","SEC Sri Lanka Investment Advisors Certification Programs - Directive on Revised Terms and Conditions | PDF",1790402045]