Cisi April June2011 Cp Dseminars

CPD SEMINARSProgramme

Professional development

for the financial services industry

April - June 2011

Including

RDR Annual CPD

and Gap-fill events

Book online via cisi.org/onlinebooking

The CISI CPD Seminars ProgrammeContinuing Professional Development (CPD) is a key aspect of the Institute’s strategy for enabling members to maintain their professional competence. To achieve this, we have constructed a programme of CPD seminars that is one of the widest ranging in the financial services industry.

The CISI and the FSA’s Retail Distribution Review (RDR)Under the RDR, the FSA is introducing compulsory CPD for all retail investment advisers to assist in achieving ongoing competence. The FSA requires a minimum of 35 hours’ CPD to be completed, and recorded, on an annual basis. The FSA has confirmed that existing advisers who have passed a recognised transitional qualification will also use structured CPD to top up any gaps identified against the new exam standards. The Institute has identified the gaps for all their transitional qualifications, including the Private Client Investment Advice & Management (PCIAM) qualification, and the full details can be found on cisi.org/rdr

The FSA has stated that a minimum of 21 hours of the CPD must be structured learning. Attendance at seminars, such as the ones in this brochure, are activities accepted as part of structured learning. Each Institute seminar normally contributes one hour of CPD.

To assist members with the recording of CPD activities as proposed under the RDR, CISI members who attend any Institute CPD seminars have CPD hours automatically added to their personalised CISI CPD log, which also recommends 35 hours on an annual basis. For further details, see page 19 of this programme or contact [email protected]

RDR Core TopicsThe seminars here cover core knowledge areas as outlined in the RDR. For members affected by its implementation, we have identified the following seminars which relate to RDR core topic areas (Investment principles and risk, Taxation, Regulation and Ethics). Please see also cisi.org/rdr for further information.

Title and RDR Annual CPD - Core topic page

Investment principles and risk

Founders’ series: Luke Johnson of Risk Capital Partners LLP 4

Another BRIC in the wall? The recent revival of the Russian economy and its future prospects 5

Confidence Accounting – fixing a root problem in financial systems 6

Impact investments: an emerging asset class? 6

Trends and developments in the European wheat market 7

State benefits and investment planning 7

3rd party pensions sponsorship – the future of pensions provision? 8

An introduction to SIPPs 9

Selecting the right ETF 9

Taxation

An outline of the taxation of financial products – tax efficiencies and tax risks 8

The Foreign Account Tax Compliance Act (FATCA) – your obligations under the new US tax regime 12

Regulation

Reforming remuneration practices in financial services 10

The MiFID Review – areas of significant impact and its influence on other legislation 10

The new face of financial services regulation: what will it mean in practice? 12

Ethics

Ethics, culture and sustainability – a practical viewpoint 11

3

Contents

Corporate Finance

• Founders’series:LukeJohnsonofRiskCapitalPartnersLLP 4

Investment Management

• AnotherBRICinthewall?TherecentrevivaloftheRussianeconomyanditsfutureprospects 5

• ConfidenceAccounting–fixingarootprobleminfinancialsystems 6

• Impactinvestments:anemergingassetclass? 6

• TrendsanddevelopmentsintheEuropeanwheatmarket 7

Wealth Management

• Statebenefitsandinvestmentplanning 7

• Anoutlineofthetaxationoffinancialproducts-taxefficienciesandtaxrisks 8

• 3rdpartypensionssponsorship–thefutureofpensionsprovision? 8

• AsintroductiontoSIPPs 9

• SelectingtherightETF 9

Compliance, Ethics and Corporate Governance

• Reformingremunerationpracticesinfinancialservices–

an overview of the Remuneration Code with some practical points on its implementation 10

• TheMiFIDReview–areasofsignificantimpactanditsinfluenceonotherlegislation 10

• Ethics,cultureandsustainability–apracticalviewpoint 11

• Ethicsworkshop:integrityatwork 11

• Thenewfaceoffinancialservicesregulation:whatwillitmeaninpractice? 12

• TheForeignAccountTaxComplianceAct(FATCA)–yourobligationsunderthenewUStaxregime 12

Operations

• Securitieslendinginthefinancialmarketplace–howdoesitbenefitclients? 13

• Themiddleofficeanditsroleinoperationalrisk 13

• Clearingservicesforglobalmarkets 13

Professional Interest Forums: Topics and Dates 14

The CISI CPD scheme explained 19

The CISI CPD scheme and the RDR 20

Booking Details 22

Cancellation PolicyFor all reservations, we require credit or debit card details. These are held securely and a charge of £50 is made in the event that you fail to honour a booking or cancel with less than 24 hours’ notice.

8 cisi.org/onlinebooking % +44 (0)20 7645 0680 * [email protected]

Corporate Finance

Founders’ series By founding new businesses, entrepreneurs play a very important role in the market and make a significant contribution to the UK economy as a whole. An entrepreneur identifies and responds to opportunities, not necessarily by founding a new start-up, but often by working within an established business to set up a new department, found a joint venture subsidiary or even a network or partnership.

Although the financial services industry is well established, it is still refreshing to see innovation, whether in the form of a new business model, product, investment or customer service proposition.

In the second seminar in our series examining entrepreneurship in financial services, we talk to Luke Johnson of Risk Capital Partners LLP.

CPD Seminar: Founders’ series: Luke Johnson of Risk Capital Partners LLPDate: 23 May 2011

Venue: Willis Ltd, 51 Lime Street, London EC3M 7DQ


Biography: Luke Johnson co-founded Risk Capital Partners LLP in 2001.

Luke studied medicine at Oxford and subsequently joined Kleinwort Benson as an analyst. In 1992 he organised the acquisition of Pizza Express and floated the business on the stock market at 40p per share. He was Chairman of this business until 1999, at which time the share price was over £8 and the business had a market capitalisation of over £500 million.

More recently, Luke stepped down as Chairman of Channel 4 in 2010, having held the position for six years. Currently, he writes a weekly column for the Financial Times on entrepreneurship, and is Chairman of the Royal Society of the Arts.

Time: 12.00 – 1.30pm (a sandwich lunch will be served from 12.00 – 12.30pm)

Chairman: Christopher Jones-Warner, Chartered FCSI, Director, Playing Hamlet Ltd

Speaker: Luke Johnson, Chairman, Risk Capital Partners LLP

The Institute would like to thank Raymond James Investment Services Ltd, Willis Ltd and Playing Hamlet Ltd for their help in organising this series.


FOUNDERS’ SERIES


Investment Management

CPD Seminar: Another BRIC in the wall? The recent revival of the Russian economy and its future prospects

Date: 9 May 2011

Venue: Willis Ltd, 51 Lime Street, London EC3M 7DQ


Topic: “An ineffective economy, a semi-Soviet social sphere, a weak democracy, negative demographic trends and an unstable Caucasus. These are very big problems even for a state like Russia” (Dmitry Medvedev, President of Russia, September 2009)

President Medvedev was not alone in his withering critique of Russia. Indeed, the country was hit so hard by the financial crisis of 2008, many called for it to be dropped from the BRIC line up. This year however, due mainly to the recent increase in oil prices, Russian equities have substantially outperformed other emerging markets. Indeed, greater oil price stability should encourage investors to look afresh at Russia as a high growth, low debt story linked to the Asian boom. But how sustainable is the current economic rebound, and can it address any of the structural problems already highlighted by the President? This seminar will examine current economic and political developments, before looking at the markets. It will also consider other pressing issues such as corporate governance. In more detail, the event will cover the following:

• TheCentralBankofRussia,itsincreasinglyindependentmonetarypolicyand the outlook for the ruble.

• TheparliamentaryelectionsinDecemberandthepresidentialpollnextyear.

• Changesinlabourmarketdynamicsandstrengtheningprofitabilityindomestic manufacturing.

• Thesectorsfavouredbyinvestorscurrently.



Speakers: Svetlana Borodina, Standard & Poor’s GAMMA

Larry Brainard, Chief Economist, Trusted Sources

Gregor Holek, Fund Manager, Raiffeisen Capital Management

This seminar entitles you to one hour and thirty minutes of CPD.

FOUNDERS’ SERIES

2020:

ADDING VALUE

OVER THE NEXT DECADE


CPD Seminar: Confidence Accounting – fixing a root problem in financial systemsDate: 11 May 2011

Venue: Chartered Institute for Securities & Investment, 8 Eastcheap, London EC3M 1AE


Topic: ‘Confidence Accounting’ is a term for using distributions rather than discrete values in accounting. The term was coined by Long Finance proponents as part of a shift to interval estimates and confidence levels. In a world of Confidence Accounting, the end results of audits would be presentations of distributions for major entries in the profit & loss, balance sheet and cashflow statements. The proposed benefits of Confidence Accounting include a fairer representation of financial results, reduced footnotes, measurable audit quality and a mitigation of mark-to-market perturbations. This seminar intends to explore the proposal while assessing the benefits and costs.


Chairman: Professor Michael Mainelli, Chartered FCSI, Chairman, Z/Yen Group Ltd

Speakers: Ian Harris, Finance Director, Z/Yen Group Ltd

Paul Moxey, Head of Corporate Governance and Risk Management, ACCA

The Institute would like to thank the Z/Yen Group for organising this event.

CPD Seminar: Impact investments: an emerging asset class?Date: 12 May 2011

Venue: America Square Conference Centre, 1 America Square, 17 Crosswall, London EC3N 2LB


Topics: • Impactdefined:commonmisconceptionsversusopportunities

• Theemergenceofimpactinvestingasasector:it’snotnew,butisitanasset class?

• Theimpactinvestmentuniverse:thecaseforgrowth

• Measuringimpactandrelatingittofinancialreturns

• Constructinganimpactportfolio:diversificationisking

• ThefutureforImpact:a$1trillionsectorinlessthan10years?


Speakers: Alex Weiland, Investment Director, Truestone Impact Investment

Management Ltd

Marissa Blankenship, Head of Impact Research, Truestone Impact

Investment Management Ltd


CPD Seminar: Trends and developments in the European wheat marketDate: 9 June 2011

Venue: NYSE Liffe, Cannon Bridge House, 1 Cousin Lane, London EC4R 3XX


Topics: • Millingwheatfutures:amacroview

• Millingwheatfutures:thetraders’view

• Contractspecifications

• Millingwheatperformance

• Pricetrendsandintra-dayvolatility

• Millingwheatcalendarspreads

• WheatcontractsintheUS:contracts,differencesandarbitrageopportunities


Speaker: Aaron Gill, Head of Business Development, Commodity Derivatives, NYSE Liffe

Wealth Management

CPD Seminar: State benefits and investment planningDate: 12 April 2011 and 17 May 2011



Topics: • Overviewofstatebenefitsandthedifferenteligibilitycriteria

• Theimpactofinvestmentsonmeanstestedbenefits

• Taxationofstatebenefitsalongsideothersourcesofincomeandcapital

• Reviewandquestions

Time: 5.30 – 6.30pm

Speaker: Cris Glascow MCSI, Consultant, Corporate Training Partnerships Ltd


CPD Seminar: An outline of the taxation of financial products - tax efficiencies and tax risks

Date: 18 May 2011

Venue: Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU

Taxation

Topics: • Unittrustsandopenendedinvestmentcompanies

• Propertyfundstructures

• Hedgefundsandotheroffshorefunds

• ThereportingfundregimeandwhatitmeansforUKinvestors

• Lifepoliciesandoffshorebonds

Time: 5.30 – 6.30pm

Speaker: Dana Ward, Partner, Tax, Grant Thornton UK LLP

CPD Seminar: 3rd Party Pensions Sponsorship – the future of pensions provision?Date: 26 May 2011



Topics: • Aquicklookbackintimeatdemographics

• Pensions-thesmokinggunandthelikelyimpactongenerationsXandY

• Thecurrentreforms–aretheyjust‘reshufflingthedeck’?

• Thebirthof3rdpartypensionsponsorship

Time: 5.30 – 6.30pm

Speakers: Darren Say, Chief Executive, RGP Group Pierre Coussey, Chartered MCSI, Director of Pensions & Investment Strategy,

Wealth Connection Ltd

CPD Seminar: An introduction to SIPPsDate: 8 June 2011

Venue: Speechly Bircham LLP, 6 New Street Square, London EC4A 3LX


Topics: • AnintroductiontotheSIPPmarketplace,coveringthedifferenttypesofSIPP proposition, the main players and the business opportunities/pitfalls for fund and wealth managers.

• ThelegalandregulatoryissuesofdealingwithSIPPaccounts,includinglegal relationships, categorisation, account opening, suitability, reporting and liability.

• ThelegalandtaxplanningissuesaffectingSIPPsincludingthetaxtreatmentof contributions, investment restrictions and the impact of the death of the SIPP holder.

Time: 5.30 – 6.30pm (this seminar will be followed by a drinks reception)

Speakers: Vincent Mercer MCSI, Partner, Speechly Bircham LLP

Jane Wolstenholme, Partner, Speechly Bircham LLP

Hyman Wolanski, Managing Director, Sippchoice Ltd

CPD Seminar: Selecting the right ETFDate: 29 June 2011

Venue: BlackRock, Murray House, 1 Royal Mint Court, London EC3N 4HH


Topic: There are several key criteria that need to be considered when selecting an ETF for your client. In this session, iShares will look at each of these in turn to help you make the right choice for you and your client. This seminar will consider the following questions:

• Howwelldoyouknowyourprovider?

• What’sinyourETF?

• Whataretheimplicationsofitsstructure?

• HowdoyoucompareETFperformance?

• Liquidity–canyoutradewhenyouneedto?


Speaker: Kelly Farder, Vice President, iShares



Compliance, Ethics and Corporate Governance

CPD Seminar: Reforming remuneration practices in financial services – an overview of the Remuneration Code and some practical issues on its implementation

Date: 6 April 2011

Venue: Speechly Bircham LLP, 6 New Street Square, London EC4A 3LX

Regulation

Topic: The Remuneration Code threatens to revolutionise the calculation and payment of remuneration in the financial services industry. Yet the speed and manner of implementation has left many aspects of its application uncertain. This seminar is likely to be of interest to those within organisations tasked with policy implementation and oversight, including remuneration officers, senior HR professionals, finance directors, compliance officers and remuneration committee members. In more detail, it will cover the following:

• AnoverviewoftheRemunerationCode

• AreviewofthefurtherguidancefromtheFSA(expectedMarch2011)

• PracticalissuesforfirmsinimplementingtheCode

Time: 5.30 – 6.30pm (this seminar will be followed by a drinks reception)

Speakers: Representatives from the Financial Services and Employment teams at Speechly Bircham LLP

CPD Seminar: The MiFID Review – areas of significant impact and its influence on other legislation

Date: 14 April 2011


Regulation

Topic: The review of the Markets in Financial Instruments Directive (MiFID) is now well under way. MiFID affects most aspects of the business of investment firms (from passporting and authorisation, through to organisational requirements) and is under review because of a legislative requirement on the European Commission. The recent financial crisis has strongly influenced many of the areas under examination, and far reaching changes look set to be made to post-trade transparency regimes for non-equity markets, transaction reporting, underwriting and also investor protection. This seminar will cover the following:

• SignificantimpactareasunderMiFIDReview(Clientorderhandling,pre/posttrade transparency)

• Theknockoneffectsfromother‘shipsintheharbour’(Dodd-Frank,EMIR,AIFMDand UCITS)


Speakers: Gary Stanton, Chartered FCSI, Senior Manager, Financial Services Risk & Regulation, Ernst & Young

Dr Anthony Kirby, Director, Financial Services Risk & Regulation, Ernst & Young


CPD Seminar: Ethics, culture and sustainability – a practical viewpointDate: 5 May 2011


Ethics

Topics: • Istheethicsargumentover?

• Doesyourorganisationhaveaculture?

• Whatmarksoutasustainablebusiness?

• Assessingimpact,costsandbenefits

• Modifyingcorporatebehaviour

• Theroleofregulation

• TheConsumerProtection&MarketsAuthority(CPMA)as‘consumerchampion’?

• Practicalnextsteps


Speaker: Nick Gibson, Chartered FCSI, Head of Compliance Solutions, Chase Cooper Ltd

CPD Seminar: Ethics workshop: integrity at workDate: 19 May 2011


PCIAM, IAC and MWM

Topic: Honesty, decency and good behaviour – are you fit to conduct business in the current financial climate?

Integrity at work is an innovative and interactive workshop focusing on the challenges posed by real business dilemmas. Drawing on genuine case studies, you will be invited to decide your response to each situation, and to provide suggested actions that could be taken in similar situations. The CISI is the largest and most widely respected professional body for those who work in the securities and investment industry, and one of its key objectives is the promotion of trust in the financial services industry.


Speaker: Kevin Moore, Chartered MCSI, Director of Global Business Development,

Chartered Institute for Securities & Investment


CPD Seminar: The new face of financial services regulation: what will it mean in practice?

Date: 16 June 2011

Venue: Olswang LLP, 90 High Holborn, London WC1V 6XX

Regulation

Topic: The Government is committed to putting a new regulatory architecture in place by the end of 2012, with the FSA being replaced with two separate regulators, the Prudential Regulation Authority and the Financial Conduct Authority. This seminar will look at the Government’s White Paper with a view to considering the likely practical impact of the new regulatory structure for the regulated community.


Speakers: Brian McDonnell, Partner and Head of the Financial Services Regulatory Group, Olswang LLP

Other speakers tbc

This seminar entitles you to one hour and thirty minutes of CPD.

CPD Seminar: The Foreign Account Tax Compliance Act (FATCA) – your obligations under the new US tax regime

Date: 22 June 2011

Venue: Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU

Taxation

Topics: • AnoverviewoftheFATCArules

• Whoislikelytobeaffected

• HowtocomplywiththeFATCAregime

• FATCAversusqualifyingintermediaries

Time: 5.30 – 6.30pm

Speaker: Dana Ward, Partner, Tax, Grant Thornton UK LLP


Operations

CPD Seminar: Securities lending in the financial market place – how does it benefit clients?

Date: 25 May 2011

Venue: BlackRock, Murray House, 1 Royal Mint Court, London EC3N 4HH

Topics: • Riskandriskmitigation–whataretherisksandhowcantheybemanaged?

• Collateralparameters–whataretheyandhowdoyourespondtochangesinthe market?

• Returnsandbenchmarking–howdoessecuritieslendingfitintothetotalcostof ownership concept?


Speaker: Stefan Kaiser, Director, BlackRock

CPD Seminar: The middle office: the impact of new regulations and infrastructuresDate: 6 June 2011


Topics: • Thestrategicimportanceofthemiddleoffice

• ThelikelyimpactofTarget2Securities

• ThenewEUregulationsaffectingthemiddleandbackoffice


Speaker: Tony Freeman, Executive Director, Industry Relations, Europe & Asia-Pacific, Omgeo

148 sii.org.uk/onlinebooking % +44 (0)20 7645 0652 * [email protected]

CPD Seminar: Clearing services for global marketsDate: 20 June 2011

Venue: SWIFT, The Corn Exchange, 55 Mark Lane, London EC3R 7NE

Topics: • Thisseminarcombinesatheoreticalandacademicviewonclearingasthecore part of a smooth and efficiently functioning financial market infrastructure, and a practical view on the current landscape and developments.

• Explanationofthecoreconceptsdevelopedforanalysingtheefficiencyof clearing industry structures.

• Conceptualoutlineofhowtheefficiencyimpactofvariouscross-border integration and harmonisation initiatives (such as cross-margining agreements, clearing links, and mergers) between clearing houses can be determined.

• Focusisonapplyingthenetworkviewtotheclearingindustrytoidentifyand explore network effects, with a focus on the European clearing industry.

• Theclearingindustryconstitutesatwo-layered(productlayerandsystemlayer) and two-level (clearing house level and clearing member level) network structure and exhibits a number of positive and negative network effects.


Speaker: Tina Hasenpusch, Head of Clearing & Business Development, CME Clearing Europe

158 cisi.org/pifs % +44 (0)20 7645 0650 * [email protected]

Professional Interest Forums: Topics and Dates

CISI Professional Interest Forums (PIFs) are a benefit open to Fellows, Members, Associates and Affiliates. Students may attend one of each forum per year. All meetings are held at lunchtime and operate under the Chatham House rule. The meetings usually include a presentation from a speaker, some time for open discussion and a light lunch with an opportunity for networking with peers.

Attendance at PIF events earns members appropriate hours of active learning under the CISI CPD scheme and is automatically added to your CPD log. For more information please visit cisi.org/cpdscheme.

To receive notification of forthcoming forum meetings, please email your name, membership number and areas of interest to [email protected]. The Training Directors’ forum can be contacted on [email protected]

Corporate Finance Forum

Topic: The life of Brian: Q&A with Brian Winterflood FCSI(Hon)

Date: 5 April 2011

Venue: Wragge & Co, 3 Waterhouse Square, 142 Holborn, London EC1N 2SW

Time: 12.30 – 2.00pm (a light lunch will be served from 12.30 – 12.50pm)

Chairman: John Bridges MCSI, Partner, IAF Capital Ltd

Speaker: Brian Winterflood FCSI(Hon), Life President, Winterflood Securities

[email protected]

Topic: Economics

Date: 16 June 2011

Venue: Wragge & Co, 3 Waterhouse Square, 142 Holborn, London EC1N 2SW


Chairman: Debbie Clarke CF, Chartered MCSI, Partner, Chantrey Vellacott DFK LLP

Speaker: Tim Congdon CBE, Economist, Standpoint

[email protected]


Islamic Finance Forum (in conjunction with the IIBI)

Topic: Views from Sharia’a scholars

Date: 19 April 2011



Chairman: Mohammad Shafique, Programme Development Co-ordinator, IIBI

Speakers: Mufti Muhammed Nurullah Shikder, President & Head, Sharia’a Advisory and Sharia’a Compliance, Gatehouse Bank Shaykh Haytham Tamim, Director & Founder, Shariah Solutions Ltd

[email protected]

Topic: tbc

Date: 21 June 2011



Chairman: Mohammad Shafique, Programme Development Co-ordinator, IIBI

Speakers: tbc

[email protected]

IT Forum

Topic: Algorithmic trading

Date: 28 April 2011

Venue: Goldman Sachs, River Court, 120 Fleet Street, London EC4A 2QQ


Chairman: Brian McNulty MCSI, Chief Executive Officer, DBFS Ltd

Speaker: Caspar Marney, Chief Executive Officer, Marney Capital Ltd

[email protected]

Provisional topic: Successfully migrating in-house solutions from one core platform to another

Date: 30 June 2011

Venue: Goldman Sachs, River Court, 120 Fleet Street, London EC4A 2QQ


Chairman: Brian McNulty MCSI, Chief Executive Officer, DBFS Ltd

Speaker: tbc

[email protected]

Operations Forum

Topic: Recruiting, training and retaining operations staff

Date: 10 May 2011

Venue: Standard & Poor’s, 20 Canada Square, Canary Wharf, London E14 5LH


Chairman: Frank Reardon, Chartered FCSI, Head of Investment Administration,

J M Finn & Co Ltd

Speakers: Allen Martin, Learning & Development Manager, HSBC

Lucy Harris, Graduate Recruitment & Marketing Manager, HSBC

Rod Pails, Academy Head – GBMI, HSBC

[email protected]

Topic: tbc

Date: 29 June 2011

Venue: Euroclear, 33 Cannon Street, London EC4M 5SB


Chairman: Frank Reardon, Chartered FCSI, Head of Investment Administration,

J M Finn & Co Ltd

[email protected]

Risk Forum

Provisional topic: Basel III

Date: 12 May 2011

Venue: AXA Investment Managers, 7 Newgate Street, London EC1A 7NX

Time: 12.30 – 2.00 (a light lunch will be served from 1.30 – 2.00pm)

Chairman: Dennis Cox FCSI, Chief Executive Officer, Risk Reward Ltd

Speaker: tbc

[email protected]



Topic: Investment horizons

Date: 23 June 2011

Venue: AXA Investment Managers, 7 Newgate Street, London EC1A 7NX


Chairman: Dennis Cox FCSI, Chief Executive Officer, Risk Reward Ltd

Speakers: Clive Lambert, Director, FuturesTechs

MarkTinker,GlobalFundManager,AXAInvestmentManagement

Dean Turner, Investment Strategist, Barclays Wealth

[email protected]

Compliance Forum

Topic: Hot topics

Date: 18 May 2011

Venue: Travers Smith, 10 Snow Hill, London EC1A 2AL


Chairman: Julian Sampson, Chartered FCSI, Director, Fulcrum Compliance Ltd

Speakers: tbc

[email protected]

Topic: MiFID 2

Date: 5 July 2011

Venue: Hogan Lovells, Atlantic House, Holborn Viaduct, London EC1A 2FG


Chairman: Julian Sampson, Chartered FCSI, Director, Fulcrum Compliance Ltd

Speaker: tbc

[email protected]

Wealth Management Forum

Topic: The art of a good pitch

Date: 24 May 2011




Speaker: Roly Grimshaw, Founding Partner, Swordpoint Advisors Ltd

[email protected]

Topic: Active versus passive management

Date: 12 July 2011



Chairman: Amy Lazenby, Chartered FCSI, Investment Manager, Wilson King Investment Management

Speaker: Clive Beagles, Fund Manager, JO Hambro Capital Management

and Dimensional Fund Advisors

[email protected]

Training Directors’ Forum

Date: 21 April 2011



Chairman: Sandra Jacobs, Regulatory Risk Manager - Central Functions, Royal Bank of Scotland

Speaker: tbc

[email protected]


The CISI CPD Scheme Explained

Financial services practitioners perform CPD activities every working day, often without even realising it. Reading industry publications, attending internal briefings, mentoring new colleagues and attending professional events such as the ones detailed in this programme are all valid forms of CPD.

As regulatory interest and focus on the maintenance of professional competence increases, it is not enough simply to undertake these activities on their own; practitioners need to recognise that such activities are CPD, thereby enabling them consciously to extract the learning from them. It is also important to record CPD activities undertaken. During 2011, the CISI will be updating and refreshing its CPD scheme to reflect new developments in the regulation of CPD, as well as best practice.

The CISI’s CPD scheme empowers its users to take ownership of their own development. The scheme log, a free, web-based system, allows users to monitor and record their CPD quickly and easily. It even records automatically participation in all CISI CPD activities, such as attendance at professional events, taking examinations and using elearning tools. Members can also record activities undertaken with other professional bodies, CPD providers and firms.

Those using the CISI CPD scheme are required to log 35 hours of activities per annum (in line with the grid above) in order to meet the Institute’s target. Those that succeed receive a formal end-of-year certificate from the CISI, which can be used to prove adherence to Training & Competence (T&C) requirements. Participation on the Institute’s scheme is compulsory for members wishing to become personally Chartered and thereafter to remain Chartered.

For those members affected by the FSA’s Retail Distribution Review, during 2011 the scheme will be refreshed and developed to enable members to log activities in relation to the core areas of the RDR (which include regulation, ethics, personal taxation, investment principles and risk), as well as to cover both structured and unstructured learning.

Please see the diagram overleaf which outlines where CPD activities fall under the CISI scheme and proposed FSA structure.

For further details about the scheme please contact [email protected]


CPD Learning Type Min Claimable Hours Max Claimable HoursActive 1 30Reflective 1 15Self-directed 1 5Development of others 1 20


The CISI CPD Scheme and the RDRThe CISI CPD scheme recognises activities offered by firms, other professional bodies and training providers, in addition to the opportunities that we provide. We show here a range of CPD activities categorised into each of the four learning elements required under the CISI scheme. For those members affected by the RDR, we have highlighted the activities that can be defined as structured or unstructured learning for FSA purposes.

Training Courses

Workshops

CPD Events

Seminars

Conferences

eLearning

Exams

PIFs

Exam Training Courses

Lectures

Company Briefings/Updates

Interactive Webcasts

Podcasts

WebstreamsInfolink

Television Programmes

Structured Structured Unstructured

Active activities are interactive or involve

participation. This is a proactive structured

learning element. These count towards the

RDR requirement for structured learning.

Reflective encompasses activities that are of a briefing

nature and where there are no opportunities for audience

interaction. Some activities count towards the RDR requirement for structured learning while others

are unstructured.

Webcasts


Developing and Assessing Exam

Questions

Member of Board, Panelor Committee

Contributingtowards

Learning Materials

Securities & Investment Review

Workbooks

Studying

Regulatory Update

Online NewsServices

Trade Magazines

Financial Times

Industry Journals

Research

Exam Revision

Chairing Events

Presenting atan Event

Briefing Staff andColleagues

Syllabus ExamPanel

Writing Industry Articles, Workbooks

and Journals

Mentoring and Inducting

Staff

Unstructured Structured Unstructured

Self-Directed includes all

unaccompanied activities undertaken. These count towards

the RDR requirement for unstructured learning.

Development of Others is concerned with sharing your

knowledge and expertise for the benefit of others. Some activities count towards the

RDR requirement for structured learning while others are

unstructured.

Investment Management Review

Staff Training

Annual Target: 35 hours

Minimum MaximumCPD Learning Type Required hours Contributing hours

Active 1 30Reflective 1 15Self-Directed 1 5Development of Others 1 20

BOOKING DETAILS

To reserve placesSeminars are free to Fellows, Members, Associates and Affiliates. Non-members are charged £100 per event.

Students are entitled to attend four CPD seminars free of charge per subscription year. Thereafter, they will be charged the concessionary rate of £25 per booking.

Please be aware that we request credit card details before making a booking.

The Institute’s CPD seminars programme covers the main industry sectors. You can select seminars from any of these areas to suit your training requirements.

Bookings can be made in two ways:

- call the CISI team on +44 (0)20 7645 0680

- online at cisi.org/onlinebooking

Your login information for online booking is available from the Client Services team: [email protected] or +44 (0)20 7645 0680.

Confirmation of your booking, with venue details, will be emailed to you on making the booking and a reminder sent at least a week before each seminar is due to take place.

Professional Interest ForumsProfessional Interest Forums are only open to Fellows, Members, Associates and Affiliates.

To receive regular email alerts on the forums, including future events, please email [email protected]. The Training Directors’ Forum can be contacted on [email protected].

CPD AccreditationEach seminar entitles you to one hour of CPD, unless otherwise stated.

Cancellation PolicyRegrettably, our experience dictates the following precaution.

We ask that members give at least 24 hours’ notice when cancelling a seminar booking. In the event that this is not honoured, the Institute will charge a fee of £50.


Expand your knowledge, gain CPD hours and stay ahead of the competition by taking our topical professional development training courses

New Dates Released: April - September 2011

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Bring your membership card to every CISI event to ensure your CPD hours are counted!

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April-June 2011

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8 cisi.org % +44 (0)20 7645 0600 * [email protected]

March 2011

Cisi April June2011 Cp Dseminars

Documents

Transcript of Cisi April June2011 Cp Dseminars