Article 318-9 into force from to
- Version into force from to
I. - The AMF has formed a Financial Skills Certification Board.
The Financial Skills Certification Board issues opinions at the request of the AMF concerning certification of the professional knowledge of natural persons acting under the authority or on behalf of asset management companies and performing one of the functions referred to in II of Article 318-7;
When rendering opinions, the Financial Skills Certification Board considers the possibility of establishing equivalencies with similar schemes abroad.
II. - Further to an opinion of the Financial Skills Certification Board, the AMF:
Determines the content of the minimum knowledge to be acquired by natural persons acting under the authority or on behalf of an asset management company and performing one of the functions referred to in II of Article 318-7. It shall publish that content;
Sees to it that the minimum knowledge content is updated;
Determines and verifies the arrangements for the examinations that validate acquisition of the minimum knowledge;
Certifies examinations for a two-year period within three months of the filing of applications. This deadline shall be extended as necessary until requests for further information are met. Certification can be renewed for a three-year period.
The AMF shall charge an application fee when applications for certification are filed. The AMF shall determine the amount of this fee.
III. - The Financial Skills Certification Board has at least seven members:
One AMF representative;
At least four members named by the AMF on the basis of their professional skills, after consulting with the main professional associations representing investment services providers;
Two independent persons named by the AMF and skilled in the fields of education or vocational training in finance.
The Financial Skills Certification Board chooses one of its members as chairman.
The members of the Financial Skills Certification Board are appointed for a renewable three-year term.
The AMF publishes the list of members.
IV. - The Financial Skills Certification Board shall draw up bylaws, approved by the AMF.
V. - Members are of the Financial Skills Certification Board receive no remuneration.
Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02