Exemption Handbook. Level 7 Qualifications with the exception of the Professional Diploma in Financial Advice (QFA Diploma)

Transcription

1 Exemption Handbook Level 7 Qualifications with the exception of the Professional Diploma in Financial Advice (QFA Diploma) 2014/2015

2 Exemption Handbook Contents How to apply for Exemptions Procedure 3 Information on Exemptions. 4 List of Exemptions.... 5

3 How to apply for Exemptions Procedure Step 1: Read the Exemption Handbook and guidelines to see what exemptions you are entitled to. You may apply for an exemption based on a prior qualification not listed. An exemption will be counted as the minimum pass mark in that subject. Step 2: Complete the form by ticking the exemptions you are claiming. Do not forget to date and sign the form. Step 3: All Applications must be accompanied by a photocopy of the Parchment and a transcript of results (as required) i.e. a statement from the awarding institution showing the subjects taken in each year and the grade attained. Step 4: The Remittance Total is the number of exemptions (subjects and/or direct entry) applied for (ticked) multiplied by the exemption fee of 55 each. This is the amount payable to the Institute. Step 5: Payment for this amount may be made by Credit Card, Laser Card or Cheque. Where paying by cheque, please ensure you put your name (in block capitals) and membership number on the back of the cheque. Post-dated cheques are NOT accepted. Do not send cash. The Institute of Banking does not accept responsibility for cash sent in the post. If paying by credit or laser card, this is the amount that will be debited from your account. Please supply the relevant card information at the bottom of the Exemption Application Form. Exemption Application Fees are non-refundable. Please note that your application will be returned to you unprocessed, if the form is completed incorrectly i.e. exemptions sought not identified, fee not included (or incorrect fee included) or where parchments and or transcripts are not attached. Step 6: Return the forms and fees to: Exemptions Department, The Institute of Banking, 1 North Wall Quay, Dublin 1.

4 Information on Exemptions: relating to all Level 7 professional qualifications with the exception of the Professional Diploma in Financial Advice (QFA Diploma) If you are applying on the basis of a qualification not listed please submit a detailed syllabus with your application. The syllabus will be reviewed by the Institute to determine if your previous award meets the criteria for an exemption to be awarded. In any applicable programme a maximum of 50% of the modules may be exempted. If you are entitled to exemptions for prior qualifications (and part qualifications) from The Institute of Banking these are granted automatically. You do not need to apply for them but can register directly for the remaining modules/subjects of your chosen course. Please note this handbook is meant as a quick reference guide only. Qualifications from The Institute of Chartered Bankers (UK) which trades as the Institute of Financial Services School of Finance (IFS) - Please note that if applying for an exemption from CeMAP/CeFA with a qualification from the IFS there is no exemption fee charged. Candidates must fill out the exemption form (which can be downloaded from and submit it with a copy of their qualification.

5 List of Exemptions: Qualification Exemption Documentation Required Certificate in Supervisory Management IMI May qualify candidates to gain exemption from one and possibly two modules of the Certificate in People Management. However any candidate wishing to achieve this must first provide a full course description and syllabus. Full syllabus and Transcript of results CIP 1 and/or CIP 2 and/or CIP3 Exempt CeMAP 1 Parchment (if passed as part of The Institute of Banking s arrangement with The Institute of Financial Services, the exemption will be granted automatically without application) Diploma in Business Finance -IMI No Exemptions N/A Diploma in Financial Management ACCA Exempt from An Introduction to Financial Accounting Information and Information for Management Decision Making Parchment and. Diploma in Marketing The Marketing Institute Four module exemptions in: Micro Economics, Macro Economics, Team Leadership, Leading for Strategic Advantage. Parchment and. Foundation Certificate in Marketing and Selling The Marketing Institute Two module exemptions from the following modules of the University Diploma Micro Economics and Macro Economics and/or Leading for Strategic Advantage and Team Leadership Parchment and Professional Certificate in Compliance (ACOI / IOB / LIA / III) QFA Regulation

6 Qualification Exemption Documentation Required FPC 1/1&2 (Chartered Insurance Institute) or CeFA 1/1&2 (Institute of Financial Services) Exempt from CeMAP 1 (NI) Professional Diploma in Financial Services Management (Chartered Institute of Bankers/IFS-UK) Direct entry to BFS stage 2 The Associateship (9 exams) The Chartered Institute of Bankers in Scotland Level Two of The Bachelor of Financial Services Degree with the Institute of Bankers in Ireland Parchment and HETAC/NCEA/BTec Qualifications NB: A full transcript of results and syllabus summary from each awarding institution must be submitted Diploma in Business Studies/ now Ordinary Business Studies Degree (HETAC Level 7) Direct Entry to BFS stage 2, parchment and full syllabus summary. Higher Certificate Business Studies (Computer Applications) HETAC level 6 An Introduction o Financial Accounting Information and Information for Management Decision Making, parchment and full syllabus summary. National Cert Business Studies; BTec Higher National Cert/Diploma in Business Studies A maximum of 6 module exemptions from the following (if your previous study subjects conform in standard and content to): An Introduction to Financial Accounting Information Information for Management Decision Making Macro Economics Micro Economics Leading for Strategic Advantage Team Leadership, parchment and full syllabus summary. Primary Degrees Business Studies Degree with business and/or finance subjects Possible exemptions from the University Diploma, each application will be reviewed individually and detailed syllabus description Business Studies Degree Possible entry to Graduate Diplomas and detailed syllabus description

7 Qualification Exemption Documentation Required Professional Qualifications ACA, ACCA, ACMA, 1. Possible Direct Entry to Graduate Diplomas 2. Exempt University Diploma: Direct entry to BFS Stage 2 Parchment and Transcript of Results. Professional Certificate in Stockbroking Equities securities exam from the UK, Europe, US or other developed capital market such as Australia, Hong Kong etc. Exempt from Securities and Markets Paper The Institute of Chartered Financial Analysts (CFA) - Level 1 Examination Exempt from Securities and Markets Paper MSc in Investment and Treasury (DCU) Exempt from Securities and Markets Paper MSc in Finance and Capital Markets Exempt from Securities and Markets Paper QFA All 6 Modules or part qualified (less than 6 modules completed) No exemption granted Not applicable