Attention financial market specialists! FSFR certificate: what is it, how to get a certificate, where to get training? Qualification certificate of financial market specialist series 5.0

Certification of financial market specialists includes taking qualification exams from citizens in the field of professional activities in the securities market, the activities of management companies and specialized depositories and issuing them the corresponding qualification certificates of financial market specialists. Certification is carried out by accredited organizations.

Exams

To obtain a certificate, you must pass two exams in any of the accredited organizations: first a basic one and then a specialized one. If a citizen already has a qualification certificate (issued by the Federal Securities Commission of Russia, the Federal Financial Markets Service of Russia or an accredited organization), he only needs to pass a specialized exam. For questions regarding registration for exams, please contact accredited organizations.

Examinations are conducted according to programs approved by the Federal Financial Markets Service of Russia, and in the manner determined by each accredited organization based on the recommendations of the Federal Financial Markets Service of Russia (Information letter dated September 1, 2011 No. 11-DP-02/22423 “On recommendations for the development of a document regulating the acceptance of qualifying exams for specialists financial market").

Certificates

Having qualification certificates as a financial market specialist is a necessary condition for working in organizations operating in the financial market. Such certificates must be obtained by persons holding managerial and supervisory positions in these organizations, as well as positions of specialists carrying out transactions with securities, giving instructions for their implementation or signing internal reports and outgoing documents related to the implementation of such transactions. A complete list of persons who are required to have certificates is given in Appendix No. 1 to the Regulations on Financial Market Specialists.

A citizen who has passed a specialized exam is issued a certificate of the appropriate type, issued in a single, approved form (Instruction of the Bank of Russia dated June 21, 2016 No. 4047-U “On the types and form of qualification certificates issued by organizations accredited by the Bank of Russia that certify financial market specialists”) .

All certificates issued by the Federal Financial Markets Service of Russia/Federal Commission for the Securities Market of Russia (except for canceled ones) and having an unlimited validity period remain valid.

For gross and repeated violations of securities legislation by certified persons, the Bank of Russia has the right to cancel qualification certificates issued to such persons. Persons whose certificates have been cancelled, on the recommendation of the Bank of Russia, are not allowed by accredited organizations to take exams for three years from the date of cancellation of the certificate.

Register of certified persons

Data about citizens for whom certificates have been issued are entered into the register of certified persons. The Bank of Russia maintains the register of certified persons.

If the data specified in clause 18 of the Regulations on Financial Market Specialists changes, certified persons must notify the Bank of Russia about this by sending an application to any territorial office of the Bank of Russia, attaching a copy of the certificate and copies of documents confirming the change in data.

It is not confirmed by absolutely any document. This moment interested me and I, as they say, delved into the essence of the issue. It turns out that it is quite possible to have this piece of paper, and it will meet the most demanding “paper demands.”

So, I'll start with a boring excursion into history...

Laws were invented for the benefit of citizens, as Cicero said, for the benefit of participants in the financial sector, the FFMS, the federal service for financial markets, was “invented” in March 2004.

The main task of the organization is to control the financial and all processes occurring in it. Only banking and auditing activities do not fall under the auspices of the service. The FFMS controls credit cooperation, microfinance and insurance activities, monitors the work of exchange intermediaries, stock brokers, and also regulates the work of commodity exchanges. In general, all the activities of the service are aimed at regulating the above financial processes, in accordance with the letter of the law. True, it was abolished in September 2013, but this was reflected only in the name - now it is the Bank of Russia Financial Market Service. But what does this have to do with our question? The most direct thing is that it is this body that has the right to issue you a certificate.

FFMS certificate in another way - a license or an official government document that confirms that you are a specialist in the financial sector, simpler, a beautiful piece of paper in a frame with seals and your name (frame not included).

System for obtaining FFMS certificate

In general, the process is divided into two stages. First, you need to confirm that your choice is not random, and you have some basic understanding of economics and, in particular, the securities market. If you didn’t make a mistake, then you passed the basic exam. At this stage, you get nothing except the opportunity to move on to the second stage - passing the exam for a specific certificate. It is also worth noting that both the preparation and passing of the basic exam and the exam for a specific course have a certain cost.

What types of FFMS certificates are there?

There are only seven types of FFMS certificates:

series 1.0 – brokerage, dealer activities and securities management

series 2.0 – activities of trade organizer and clearing activities

series 3.0 – maintaining a register of securities holders

Series 5.0 – Mutual Fund Management

series 6.0 – activities of the special depository

series 7.0 – activities of a non-state pension fund

You can get any one, it all depends on the type of your activity.

Let's take a closer look. Let's say you want to work for a brokerage company. In this case, after completing the basic training and passing the basic exam, you will need to complete training in course 1.0 and pass the exam again in this course. And you have the document. If you suddenly change your mind and decide to change your type of activity or simply add to your collection of licenses, you can, for example, take the exam in series 1.6. In this situation, there is no need to take the basic exam.

Some find it difficult to immediately figure out which program to choose. This is not a problem; when you choose an organization where you will undergo training, and believe me, there are plenty of them, a specialist will be happy to tell you what is right for you.

Most often people go to study for series 1.0 - this is the most universal program, it is relevant for employees of dealer/brokerage and management companies, for bankers, and is also interesting for anyone who wants to document their knowledge in the field of securities.

For clearing company and exchange employees, a Series 2.0 certificate is required. During preparation for the exam, all aspects of organizing trade will be revealed to you.

3.0. Suitable for employees of shareholder communities who need to monitor shareholder registers. The course will teach you how to maintain a register, according to all the rules, in accordance with the norms established by law.

If you are a depository employee, then course 4.0 will be useful to you. You will be told about the intricacies of working with securities, you will master information about storing securities certificates, you will know how to make settlements on transactions with securities, how to calculate and pay dividends, etc.

Certificate 5.0, for specialists working with mutual funds. UIF – unit investment fund. This is when a certain number of investors unite theirs and entrust them to the power of the management company. When stock prices start to rise, so will investors. This series is also for specialists managing non-state pension funds and investment funds.

Series 6.0 will be required by an employee of a special depository of a mutual investment fund or non-state pension fund.

As for the last point, after passing the exam you will receive a document confirming that you have all the necessary information specifically about non-state pension funds, and can become a full-fledged employee.

In any case, the consultant will not leave you to the mercy of fate when choosing and will help you figure out what goes with what.

Different organizations offer different types of training. You can get a certificate by studying remotely, master the material yourself, test yourself on simulators, and then take the exam. But, of course, it is more effective to undergo training in the standard way: come, listen, ask, remember. It depends on who has enough time. Moreover, due to competition, training centers try to attract customers and hold all sorts of promotions, such as buy one banana and the second free, or “autumn price drop!!!”

Do you even need a FFMS certificate?

Analyzing my own experience, I would like to note that this document has changed little in my professional activities. Yes, many organizations in the financial sector require a certificate, sometimes they say that it will be necessary, but you can wait. To say that in the process of studying and passing the exam I received some super-necessary knowledge is not. Yes, there was, of course, new material, it was interesting, but it wasn’t particularly useful to me, although I admit, I always have a piece of paper with stamps at hand).

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Types of qualification certificates:

5 reasons to prepare and pass the FFMS exam at GRAND SCHOOL:

Free extension of training. If for some reason you are unable to pass the exam on the first try, we will extend your training for free until you successfully pass the exam!

Operational consultation and assistance. When completing training at GRAND SCHOOl, you can contact the teacher at any time convenient for you through any communication channel: be it telephone, email or Skype.

Personal manager. Each test taker receives his own personal manager, who monitors the student’s progress and coordinates further steps and provides comprehensive support for successfully passing the exam.

Examination center. You can take the exam itself either in our office or at the center of any of our partners!

86% of students pass the FSFM exam on the 1st attempt

The best prices. GRAND SCHOOl guarantees the best conditions for full-time and remote preparation for the FSFM exam

Our training formats:

Full-time education

Training in the company office with a teacher on weekdays (Tuesday and Thursday from 19:00 to 21:00

10 lessons, 2 hours each

Free access to remote materials for the face-to-face group

Free extension of training If the first attempt to pass the exam is unsuccessful, the manager will extend access to remote materials absolutely free of charge!

Mock exam. Before you go to take the exam, you can test your knowledge in our exam center!

Distance learning

Structured block of lectures by chapters

Webinars on course chapters

Current database of FFMS questions with answers

FFMS exam simulation system. (You can test your knowledge either in a separate chapter or in the entire course)

Delivery guarantee. Free extension of training in case of unsuccessful attempt to pass the exam.

Preparation at a time convenient for you!

Multiplatform. You can prepare for the exam either from your computer or from any mobile device, be it a smartphone or tablet!

What is important to know:

To obtain a certificate, you first need to pass a basic exam, after which you pass a series exam and issue a certificate.

After passing the Basic exam, you are given access to take the series. If you have already passed the basic exam, you can prepare with us to pass the exam for the series (GRAND SCHOOL prepares for exams for all series.

Before the exam, the state fee is paid. The state fee varies from 1800 to 3000 rubles, depending on whether you take the exam with us or our partner.

It takes approximately 1-1.5 months to prepare for the basic exam, and 3-4 weeks to pass the series. The price for preparing for the series is the same as for the basic course.

The percentage of correct answers (passing minimum) in the FFMS exam is 80 points and 100 possible.

For corporate customers:

Are you planning to prepare for the FFMS exams in your city? You can order distance learning for your employees.

Exam in your office. Do you want to pass the FSFM exam without interrupting your employees from work? - for a group of 5 people or more GRAND SCHOOl teachers can take the exam from your employees right in the office. Flight or travel is paid separately.

GRAND SCHOOL has special offers for corporate customers. Contact us and we will choose the best option!

Working in the financial sector requires a fairly high level of professionalism. Modern standards, which its representatives must comply with, are not just a requirement, they are a necessity, determined not so much by competition as by increasingly stringent “rules of the game” in the financial market.

An aspiring financial market specialist in the modern sense is a professional who is able to confirm his qualifications not with a university diploma, but with a document that among financiers is a “pass” to the world where big money is managed. We are talking about the FFMS certificate.


FFMS certificate: what is it?

This certificate (or certificate) can be called an official license to work in the financial sector. The main body on whose behalf this document is issued is the Federal Service for Financial Markets. The FFMS certificate confirms that the specialist has successfully passed the relevant exams and fully complies with the requirements of the FFMS.

How to obtain a FFMS certificate?

The procedure for obtaining a certificate from the Federal Service for Financial Markets includes 2 stages:

1. Passing the basic exam. It is necessary to answer 1,500 questions from the field of accounting, law, macro- and microeconomics, statistics, mathematics, etc. Successful completion of this test gives the right to take a special exam (the right is valid for 5 years).
2. Passing a specialized exam. This is a narrowly focused exam that allows you to obtain a certificate of a certain series (valid for an indefinite period).

FFMS Certificate: training

To obtain a license to work in the financial sector, all conditions have been created for a potential applicant: numerous courses of the Federal Financial Markets Service (paid); all kinds of teaching materials that allow you to prepare yourself; free online courses, etc. Finally, a special FSFM simulator will help you assess your level and degree of preparation, simulating passing the exam and providing explanations for each question.

(FSFM) of Russia regulates the stock market as a whole, operations carried out on it, and the relationships between its participants. Therefore, in order to carry out legal activities in the financial market, the Bank of Russia requires that specialists have a qualification certificate for working in the financial market (FFMS certificate).

Who should have a certificate

The Federal Financial Markets Service of Russia developed and approved by Order No. 10-4/pz-n dated January 28, 2010 the Regulations on financial market specialists.

It states that employees of organizations that operate in the financial market, carrying out the following types of activities, must undergo mandatory certification:

• depository;
• brokerage and dealer;
• on securities management;
• organizer of work on the securities market;
• clearing;
• on maintaining the register of securities owners;
• on the management of non-state pension and mutual investment funds;
• specialized depository of non-state pension and mutual investment funds.

In these organizations, not the entire staff is certified, but only the following employees:

• head, deputy head, heads and deputy heads of branches, if their responsibilities include making decisions in the area of ​​the organization’s activities;
• the head and deputy head of the department, if their responsibilities include making decisions in this area, including internal accounting of transactions with securities;
• an employee whose responsibilities include internal control over the organization’s actions in the financial market;
• an employee whose responsibilities include the direct implementation of the organization’s work in the financial market.

How to obtain a certificate from the Federal Financial Markets Service of Russia is also useful for students graduating from universities with financial specialties and intending to start working in leading companies after graduation. In practice, employers in 80% of cases want to see among candidates for their jobs holders of such certificates in the specialty for which the organization is focused. Having a ready-made certificate allows a graduate to quickly find a well-paid and interesting job.

Who is allowed to take the exam

In order for a candidate to begin taking the exam to obtain a FFMS certificate, it is necessary that he meets several conditions:

1. Was over 18 years old
2. If a candidate previously had a FFMS certificate and it was cancelled, then more than three years must pass from the date of cancellation.
3. The candidate must successfully complete the basic examination.

Who conducts the exam

Initially, the certificate was issued and exams were conducted by the Federal Service for Financial Markets of the Russian Federation (FSFM of Russia), which is why it is called that. Then the issuing functions were transferred to certified training centers. They are accredited by the Bank of Russia to take exams for stock market specialists and have the right to issue a certificate from the Federal Financial Markets Service. Basic and specialized exams are also conducted by these accredited training centers. Depending on the center, the cost of the exam, otherwise called the examination fee, ranges from 2,000 to 4,000 rubles.

During the basic qualification exam, candidates are tested on their knowledge of legal acts related to the regulation of financial markets, on the ability to make simple calculations using methods of financial and economic analysis, economic statistics and mathematical economics.

During the specialized one, a test is carried out for in-depth knowledge related to a specific specialization in the financial market.

What documents are required to pass the exam?

Before conducting the basic exam, training centers assemble groups, for registration in which you must submit:

• a copy of the document on higher education (if available);
• copy of passport;

To pass the specialized exam you must have:

• documents confirming successful completion of the basic exam;
• a copy of the document on higher education;
• agreement and application form of the training center;
• copy of passport;
• payment receipt.

When can you refuse to take the exam?

The basis for not allowing a candidate to take the exam may be one of the following reasons:

• the candidate appeared for the exam without an identification document;
• an incomplete set of required documents has been submitted;
• the submitted documents contain inaccurate or false information;
• more than five years have passed since passing the basic exam;
• cancellation of the results of the previous exam if three months have not passed from its date;
• three years have not passed since the cancellation of the candidate’s previous certificate;
• Previously, the candidate attempted to pass the exam using someone else’s passport, and less than one year has passed since that moment.

How the exam works

Entry to testing is required using a passport. The rules for conducting the exam do not differ in excessive freedom; during the exam you can only use a pencil, a pen and blank sheets of paper for writing, and you are allowed to use a non-programmable calculator.

During the exam it is strictly prohibited:

• use Russian regulations in any form;
• use special and reference literature;
• use mobile communications and other methods of transmitting and storing information;
• leave the testing room before it ends;
• communicate with anyone about exam topics;
• record and transmit the content of test questions;
• delay submitting test answers after the end of the exam time;
• bring in exam papers from the testing room.

Testing takes place electronically in a specially equipped classroom. The tasks and questions of the tests are formed based on the requirements of the Bank of Russia for qualifying exams of a stock market specialist. The Basic and Series 5 Certificate exams last two hours, the others last one hour.

For the correct answer in the test system, one or two points are assigned depending on the complexity of the question. Successful passing of the test is considered when the test taker scores more than 80 points out of a possible 100. If a candidate scores from 75 to 79 points during testing, then he can appeal his results within a month from the date of the exam. The appeal takes place in the form of an independent two-hour written work justifying the correctness of your answers. In this case, it is already permitted to use regulatory documents.

What types of certificates exist

To obtain a specific type of certification, you must first pass a basic proficiency exam, sometimes called the 0.0 series exam. After passing it, a certificate is not issued.

To conduct real work, specialized FFMS certificates are required. The types of specialized certificates depend on the type of activity in the financial market:

• FFMS Certificate 1.0 - training for dealer, brokerage and securities management activities.
• FFMS Certificate 2.0 - for clearing activities and work on the stock exchange.
• FFMS Certificate 3.0 - for activities related to accounting of securities holders;
• FFMS Certificate 4.0 - for depository activities.
• FFMS Certificate 5.0 - for the management of non-state pension, investment and mutual funds.
• FFMS Certificate 6.0 - for the activities of a special depositary of non-state pension, investment and
• FFMS Certificate 7.0 - for the activities of funds for non-state pension provision, professional and compulsory pension insurance.

For how long is the certificate issued?

After successfully passing the exam within 15 days, the training center issues the applicant a qualification certificate as a financial market specialist. The certificate is unlimited.

Who maintains the register of certificates

The register of issued and revoked certificates of financial market specialists is maintained by the Bank of Russia. This register contains information:

• about a specialist who has received a certificate;
• about the series and certificate number;
• about the area of ​​the financial market for which the certificate was issued;
• other necessary information.

If the data contained in the unified register changes, the owner of the certificate is obliged to notify the Bank of Russia about this. To do this, it is enough for him to send a written application to any territorial division of the Bank of Russia, attaching to it copies of documents confirming the legality of the changes and a copy of the certificate.

Certificate revocation

If the owner of the certificate violates Russian legislation in the field of financial markets, the Bank of Russia may cancel his qualification certificate for a period of three years. After making a decision on cancellation, within five working days, the Bank of Russia notifies the owner of the certificate from whom it was canceled, attaching a copy of the relevant order of the Federal Financial Markets Service.

The list of canceled certificates is posted on the official website of the Federal Financial Markets Service of Russia in free access to all interested parties within ten working days from the date of the decision to cancel. The certificate owner can challenge this decision only in court.

How to prepare for the exam

Recently, training centers have been offering preparatory courses to candidates seeking to obtain a FFMS certificate. The convenience of attending preparatory courses lies in the opportunity to:

• receiving recommendations from teachers taking the exam;
• passing a preliminary test test, which allows you to identify the candidate’s weaknesses and reduce anxiety and stress when passing the real exam;
• study of specialized manuals and with examples of questions and tasks with answers to them.

In addition, preparatory courses that can be taken remotely have become very popular. This method is much cheaper than full-time training while maintaining its quality. Thus, the most popular exam is for the right to obtain the FSFM 1.0 certificate. Materials for self-preparation for it are not difficult to find.