Continuous Professional Development Programmes (CPD)

All investment advisors will be required to complete the annual continuing professional education (CPD) requirements in order to maintain their Registered Investment Advisor (RIA) status. The SEC will conduct CPD seminars, workshops and conferences periodically.

Programme Objective

All investment advisors will be required to complete the annual continuing professional education (CPD) requirements in order to maintain their Registered Investment Advisor (RIA) status. The SEC will conduct CPD seminars, workshops and conferences periodically. Each seminar, workshop or conference will be worth a defined number of CPD seminar credits depending on the duration of the seminar where one hour equals one credit. Investment advisors must earn a minimum of four (4) CPD seminar credits every year.  

Existing CPD requirement

As per SEC Circular no. 08/2009 dated 13 October 2009 and SEC Directive ref: no. SEC/CMET/2018/12/103 dated 18 December 2018, all IAs are required to earn four (4) CPD credits mandatorily during their licensing year.

Re-instatement requirement due to non-compliance
Investment advisors, whose license has expired due to non-compliance with CPD requirement for two (2) or more years at the time of request, are obligated to fulfill following extended requirements in order to renew their RIA status.
  • IAs with continuous industry experience over 10 years with a proven track record

The IAs will be re-instated when formally requested by the relevant stock broking company subsequent to passing a RIA VIVE VOCE Examination subject to such individuals earning a minimum of four (4) CPD seminar credits within a period of one year.

  • IAs with continuous industry experience between 5 to 10 years with a proven track record

The IAs will be re-instated when formally requested by the relevant stock broking company subsequent to passing a RIA VIVE VOCE Examination subject to such individuals earning a minimum of four (4) CPD seminar credits and pass a re-licensing examination within a period of one year.

  • IAs with continuous industry experience less than 5 years with a proven track record

The IAs must first renew the RIA status through the process described below and may not act as an IA in the securities industry that comes under the purview of the SEC prior to renewing their RIA.

Such IAs should pass a RIA VIVA VOCE Examination and a re-licensing examination. The relevant stock broking company should then formally request the reinstatement. 

Within a period of one year IA should also earn a minimum of four (4) CPD seminar credits.

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