CIIA® is an examination program for members of respective associations in each country/region that participate in the scheme. The CIIA educational program is managed and operated by the ACIIA®(Association of Certified International Investment Analysts). SAAJ has been playing a significant role in the establishment and consolidation of the CIIA qualification. In Japan, only CMA® holders are qualified to sit for the CIIA exams. SAAJ sees the CIIA exam as one of the most important elements of continuing education for CMA holders.
ACIIA®
The ACIIA® (Association of Certified International Investment Analysts) was founded in June 2000 comprising the Asian Securities and Investments Federation (ASIF), the European Federation of Financial Analysts Societies (EFFAS), and Japan, Switzerland, Germany, Spain, Italy, and Brazil to provide an advanced professional examination and a truly international qualification program (CIIA).
2010 marks the 10 year anniversary of ACIIA.
The ACIIA is a not-for-profit organization registered in Buelach Zurich, Switzerland with two federation members (ASIF and EFFAS) and 33 associations: Argentina, Austria, Belgium, Brazil, China, Chinese Taipei, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Iran, Italy, Japan, Kazakhstan, Kenya, Korea, Lithuania, Luxembourg, Mexico, Morocco, Netherlands, Nigeria, Peru, Poland, Russia, Spain, Sweden, Switzerland, Tunisia, and Ukraine.
Contact Information:
Chairman: Mr. Fritz Rau, DVFA, Germany
Deputy Chairman: Mr. Kiyoto Hagiwara, SAAJ, Japan
Secretary General: Ms. Fiona Tween (tween@aciia.org)
Tel: +41 44 872 3543
Website: www.aciia.org
CIIA®
CIIA scheme is a high-quality, universal examination scheme which respects the autonomy and independence of each national society. The CIIA scheme has some unique features: The questions are standardized worldwide and successful examination candidates are awarded the internationally recognized "CIIA".
Thus, to help candidates prepare for the exam, Study Guide (comprising an explanation of the framework of the CIIA scheme and examinations, a Japanese translation of the syllabus, and reference pages of CMA textbooks, etc.) and a set of supplementary textbooks are distributed to all registered candidates. In addition, a review program (schooling) for candidates as well as a DVD-Review Program are held by SAAJ every year. Many SAAJ CMA holders have already acquired the CIIA designation and been challenging the CIIA examinations.
- The knowledge base that an analyst should master is classified into a national/regional specific portion (regulations, ethics/standards of professional conduct, accounting, market structure, etc.) and an international portion. The former is left to national /regional societies and the latter is the subject of the international common examination.
- Questions for the international common examination are chosen from those produced by groups of experts nominated by national /regional societies in Europe, Asia, and Latin America. Following a rigorous filtering/selection process at the Center for International Examinations (Switzerland), questions are approved by the IEC (International Examinations Committee) comprising university professors/expert / practitioners from around the world. Dependence on a particular national /regional society is thus avoided.
- The international common examination consists of a Foundation Examination (nine hours duration) and a Final Examination (six hours duration). However, the existing examination programs of national / regional societies are duly respected. Members of national /regional societies whose examination system is accredited by the IEC as being of a sufficient high level through a review process are exempted (provided they have passed the local exams) from the Foundation Examination and can directly sit for the Final Examination.
- Examinations are held twice a year in March and September.
- The international common examination will be held in major languages so that candidates will not suffer any handicap in terms of language. Eleven languages are officially authorized by the IEC as of December 2008.
- Candidates who have successfully passed the Final Examination and meet other relevant requirements are awarded the CIIA® designation. Their status with respect to the national/regional society they belong to will remain unchanged after obtaining the designation and they can use the designation as long as they remain members of their national/regional society.
Attention! All CIIA holders of ACIIA Member Associations - Invitation to become an SAAJ Member
The Schedule for the CIIA® examinations 2010-2015 is as follows:
| Europe, New York, South America and Africa | Asia | ||
|---|---|---|---|
| 2010 | March | Friday 5 | Saturday 6 |
| September | Friday 17 | Saturday 18 | |
| 2011 | March | Friday 11 | Saturday 12 |
| September | Friday 16 | Saturday 17 | |
| 2012 | March | Friday 9 | Saturday 10 |
| September | Friday 14 | Saturday 15 | |
| 2013 | March | Friday 8 | Saturday 9 |
| September | Friday 20 | Saturday 21 | |
| 2014 | March | Friday 7 | Saturday 8 |
| September | Friday 19 | Saturday 20 | |
| 2015 | March | Friday 6 | Saturday 7 |
| September | Friday 18 | Saturday 19 | |
ACIIA® members:
| Federation Members (2): | ASIF, EFFAS |
|---|---|
| Contracting Members (17): | ÖVFA (Austria), ABAF (Belgium), APIMEC (Brazil), SAC (China), SFAF(France), DVFA (Germany), HKSI(Hong Kong), HCMPS(Hungary), CPMR (India), IIIA(Iran), AIAF (Italy), SAAJ (Japan), CIS (Nigeria), GIFA (Russia), IEAF (Spain), SFF(Sweden), SFAA (Switzerland) |
| Funding Members (7): | SAC (China), SFAF (France), DVFA (Germany), AIAF (Italy), SAAJ (Japan), IEAF (Spain), SFAA (Switzerland) |
| Associate Members (10) | IAEF (Argentina), SAA CT (Chinese Taipei), FSFA(Finland), HACSA (Greece), AFIA (Kazakhstan), IIP(EA)(Kenya), KCIAA (Korea), IMA3 (Mexico), APEF(Peru), ATAF(Tunisia) |
| Supporting Members (6): | FAA (Lithuania), ALGAFI(Luxembourg), SMAF(Morocco), VBA(Netherlands), PABIA (Poland), USFA (Ukraine) |
Council Members representing federations and national/regional societies:
| Mr. Fritz Rau (Chair) | DVFA (Germany) |
| Mr. Kiyoto Hagiwara (Deputy Chair) | SAAJ (Japan) |
| Mr. Sanjay Ramchandani | ASIF |
| Dr. Giampaolo Trasi | EFFAS |
| Dr. Lucy Sousa | APIMEC |
| Dr. Lin Yixiang | SAC (China) |
| Mr. Vincent Bazi | SFAF (France) |
| Mr. SF Wong | HKSI (Hong Kong) |
| Dr. Lopez Zaballos | IEAF (Spain) |
| Dr. Jean-Claude Dufournet | SFAA (Switzerland) |
Results, CIIA® Final Examinations, March 2010 (worldwide aggregate basis)
Pass rate for Exam 1: 59.1%
Pass rate for Exam 2: 77.2%
The cumulative number of successful candidates who successfully passed both papers (Exam 1 and Exam 2) of the Final Exam: 5,335
The cumulative number of registered candidates as of September 2009: 10,078
For more information, please visit ACIIA® website.
