AMF certification, operation and issues
The general regulation of the Financial Markets Authority subjects investment service providers, portfolio management companies and financial instrument advisors to validation of minimum knowledge of laws and regulations connecting them to their customers.
What is AMF certification?
The Financial Markets Authority (AMF), in its role as regulator of financial market players, aims to protect savers who invest in financial products. As such, in 2010, the AMF set up an exam, already passed by more than 90,000 people in ten years, which makes it possible to check the minimum knowledge required to practice the professions:
- of seller,
- manager,
- insurer,
- post-market manager,
- responsible for clearing financial instruments,
- clearing financial instruments,
- financial analyst,
- financial instruments trader,
- head of compliance and internal control (RCCI),
- Compliance Officer for Investment Services (RCSI).
The role of training organizations
The training organizations that offer this professional certification are involved in developing the content of the minimum knowledge and updating it. AMF certification allows you to check the adequacy between the employee’s position and their skills, although continuing education should not be neglected. Professional certification is open to students as well as professionals, and even individuals.
The training program covers the 12 themes which will be addressed in the 120 questions asked during the final exam. Packages generally include access to online resources, training platforms and exam presentation. Additional modules can be added depending on the offers. With good preparation, and even without prerequisites, it is entirely possible to pass this certification.
AMF certification, one of the strengths of the Paris financial center, envied internationally
The primary advantage of passing the AMF certification lies in the fact that its recognition is valid in all financial establishments, and without time limit. For a first recruitment, already hold AMF certification significantly improves employability. With validation carried out internally, it is not possible to change employers without undergoing another examination.
Still far from approaching the notoriety and worldwide recognition of the “Chartred Financial Analyst” certification, the Parisian financial center is proud of this young certification which has a bright future ahead of it. It is the basis ofa culture and a common ethical base and demonstrates a high level of skills of professionals in the banking and financial sector with impeccable ethical qualities.
In an increasingly complex economic and financial world, financial professionals appreciate the common base of knowledge and the recognition of their know-how that AMF certification provides them. Savers are looking for meaning in their investments and, in this period of change, their need for confidence is all the greater. AMF certification finally responds to a need for the Paris financial center to respond and adapt to a European framework in constant transition with, for example, the departure of the United Kingdom or the climate and environmental transition.
Additional source: https://www.amf-france.org/fr/actualites-publications/communiques/communiques-de-lamf/lamf-renforce-les-exiges-de-certification-professionnelle-en-matiere-de-finance -sustainable
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