Certificate in Capital Markets (CCM)

The Capital Market Education arm of the SEC introduced a qualification framework for financial sector professionals considering the important changes the Sri Lankan capital market has been facing the recent years. The first level of certification is the Certificate in Capital Markets (CCM). The candidates who have completed the CCM could obtain the Registered Investment Advisor (RIA) status by completing relevant industry experience stipulated by the SEC.

Programme Objective

The Certificate in Capital Markets (CCM) is the only pre-requisite for capital market practitioners to pave the way to becoming a professionally qualified Registered Investment Adviser (RIA) registered by the Securities and Exchange Commission (SEC) of Sri Lanka and accepted by the industry.

Even though CCM was initially started in English Medium in year 2008, SEC successfully developed CCM modules in Sinhala Medium and inaugurated first Sinhala Medium Batch in the year 2009 so that many students could enroll with the programme.

CCM ensures that professionals practicing in the industry possess the competencies essential to secure the confidence of investors in the capital market. Therefore, this certification course assists to develop a pool of candidates who are trained in fundamentals of capital markets.

Obtaining this qualification will pave the way for recruitment in the areas of Banking, Stock Brokering, Money Brokering, Fund Management, Investment Banking, Corporate Financing, Venture Capital, Insurance, Leasing & Finance, Accounting, Valuation, Financial Consulting etc.

Qualification Framework

There are five different levels of certifications under the qualification framework (QF) where each of the first four certificates will form the basic training required to obtain the license as an investment advisor for each asset class.

The Certificate in Capital Markets (CCM) will be the apex qualification to become a Registered Investment Advisor (RIA).

The Certificate in Capital Markets (CCM) will be the apex qualification to become a Registered Investment Advisor (RIA).

Level of Certification & License

There are five different levels of certifications under the qualification framework (QF) where each of the first four certificates will form the basic training required to obtain the license as an investment advisor for each asset class.

The Certificate in Capital Markets (CCM) will be the apex qualification to become a Registered Investment Advisor (RIA).

The Certificate in Capital Markets (CCM) will be the apex qualification to become a Registered Investment Advisor (RIA).
Individual Asset class Advisor

On completion of the first level of certification and with six months of relevant industry experience, candidates may proceed to facing a VIVA VOCE examination conducted by a panel comprising SEC, Colombo Stock Exchange (CSE), and industry professionals in order to obtain the designation corresponding to the asset class in which he or she has selected.

  • Certified Equity Securities Advisor
  • Certified Debt Securities Advisor
  • Certified Derivative Securities Advisor
  • Certified Unit Trust Advisor
Registered Investment Advisor (RIA)

A candidate will be required to complete all seven series in order to earn the CCM qualification. On completion of the CCM and with one year of relevant industry experience candidates may proceed to facing a VIVA VOCE examination conducted by a panel comprising SEC and CSE officials and industry professionals in order to become a RIA.

Continuous Professional Development (CPD)

As per SEC Circular no. 08/2009 (Ref: SEC/LEG/09/10/31) dated 13 October 2009 and SEC Directive no. Ref: SEC/CMET/2018/12/103 dated 18 December 2018, all Investment Advisors (Registered Investment Advisors and Individual Asset Class Advisors) are required to earn four CPD credits mandatorily as minimum annual requirement during their licensing year.

This course provides a survey of the financial markets and instruments including money, bond, stock, derivative and mutual fund markets. This is intended to build the overall knowledge of the functioning of the securities markets and all the instruments. The coverage will include

Overview of the Financial Markets
Structure and Functions of Financial Markets
Mutual Funds (Unit Trusts)
Central Banks and Monetary Policy
Money Markets
Derivative Securities Market
Capital Markets

 The course on equity securities focuses on the knowledge required to understand the equity securities and markets and covers the following topics.

Introduction to Investments
Time Value of Money 
The Stock Market 
Introduction to Risk and Return
Stock Market Indices 
Stock Valuation 
Capital Market Theory Basics
Financial Statement Analysis
Technical Analysis
Economic and Industry Analysis

The course in debt securities covers the essential knowledge in debt securities and markets. This will test the knowledge and skills required to perform job functions in the areas of Government debt securities and corporate debt securities. Both money market and capital market debt instruments will be covered. The major topics covered include the following:

Corporate Debt Instruments
Valuation of Bonds 
Determination of Bond Yields
Government Debt Securities and Markets 
Corporate Debt Securities Market
Credit Rating and Analysis

As the derivatives markets in Sri Lanka will develop in the future, it is critically important that Sri Lanka’s securities industry have professionals who have the knowledge to understand, analyze and advise on derivatives products such as options, futures, forwards, and swaps. However, at present we do not conduct lectures for this Series. When lectures commence the Series will focus on fundamentals of trading, pricing and regulations of options and futures and covers the following topical areas.

Organization and functions of derivatives markets
Types and characteristics of derivatives products 
Call and put options
Financial forwards
Financial futures contracts
Forward rate agreements
Interest rate futures
Interest rate swaps
Trading, hedging and investment strategies  
Derivatives trading, clearing and settlement
Derivatives regulations 

This course will cover the specialized knowledge and skills expected of an investment professional dealing with mutual fund / unit trust products. This is specially designed for investment professionals employed by unit trust companies in Sri Lanka. The topics include

Introduction to Unit Trust
Organization and Structure of Unit Trust
Unit Trust Fees and Expenses
Valuation and Pricing of Unit Trust
Evaluating Unit Trust
Unit Trust Regulations

The Series 6 is designed to provide the specific knowledge and skills needed to provide proper investment advice to clients. This course will focus on the following areas. 

Financial planning process
Evaluating the investment profile of a client
Drafting a comprehensive investment policy statement for individual investors
Creating an Investment portfolio
Investment objectives and constraints of clients 

This course is intended to give candidates a broader understanding of laws and regulations governing Sri Lanka’s securities industry. The Series 7 Examination will cover the following topics.

SEC Act, Rules & Circulars 
Company Takeovers & Mergers Code 
Central Depository System Rules & Regulations
Automated Trading System Rules 
Stockbroker Rules
Listing Rules 
Corporate Governance Directions & Codes
Company Law
Ethical Framework and Best Practices in Professional Conduct
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Equity Book

 

Price - Rs 1000/-


 

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Debt Book

 

Price - Rs 750/-


 

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