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CFA accreditation for ICMA’s executive education courses for financial markets

The International Capital Market Association (ICMA) the trade association and self regulatory organisation for the international capital market, is pleased to announce that its courses for financial market professionals have received official approval from the CFA Institute. ICMA’s International Fixed Income and Derivatives (IFID) Certificate and its Primary Market Certificate (PMC) can both be counted as Continuing Professional Development (CPD) hours for holders of the CFA charter, the designation of excellence in the investment community.

ICMA is committed to the raising of professional standards in the international capital market and has maintained certification programmes for financial market participants for over 30 years. The ICMA International Fixed Income and Derivatives (IFID) Certificate Programme places strong emphasis on developing practical skills for trading, investment and risk management, based on a thorough understanding of valuation principles and the relationship between the cash and the derivatives markets. Its academic content and examination standard are overseen by the ICMA Centre, University of Reading. The Primary Market Certificate Programme is a unique tailored training programme providing a core qualification in the debt primary markets. It encourages new market participants to follow good market practice and to familiarise themselves with the guidelines in the Association’s IPMA Handbook.

Brian Lawson, Chair of ICMA’s Education Committee commented: “ICMA and the ICMA Centre are delighted that the Association’s professional education courses have been approved as continuing education for holders of the prestigious CFA charter, widely considered as the investment profession’s most rigorous qualification programme. For our member firms and the market this development adds significant value to ICMA’s certification programmes”.

The CFI Institute currently recommends that holders of the CFA charter undertake 20 hours of PDC training each year to keep their professional education up to date. The PMC programme is eligible for 31.5 PDC credit hours and the IFID for 31 PDC credit hours as granted by CFA Institute.

Commenting on ICMA’s successful application for CFA Institute’s Approved Program Provider status, Sean Finucane, CFA Institute Director of Education (EMEA) said "this is another positive development in the relationship between ICMA and CFA Institute. Both organisations strive to raise professional standards and deliver first class education to their constituents across the world's capital markets. Becoming a CFA Institute Approved Programme Provider recognizes this and is a great example of cooperation that will serve to benefit ICMA member firms, CFA Institute members and charterholders, and, most importantly, the investing public."