THE Securities and Investment Institute has gained chartered status.
From today, the organisation is known as the Chartered Institute for Securities and Investment.
Rupert Stow (pictured), president of the Guernsey branch, said the institute’s continuing evolution had been highlighted by the granting of the status, which requires approval by the Queen following consideration of the application by the Privy Council.
‘The professionalism it bestows on our members is beneficial, whether they are conducting business locally or overseas.
‘In addition, the recent development of the institute’s new risk qualification, soon to be launched in Guernsey, confirms the importance of professional bodies being in tune with development in the market place and the requirements of the membership.’
The organisation was formed in 1992 by members of the London Stock Exchange as the Securities Institute, but the broadening in its scope led to a further name change in 2004 to the SII.
In the past few years, the growth and development of the institute has seen staff representatives appointed in Scotland and Ireland and the opening of offices in Mumbai, Dubai, Shanghai and Singapore.
The Guernsey branch was founded in 1993 and its first president was Allister Carey.
Scott Dobbie, CISI chairman, said the institute had built itself an enviable reputation for professionalism in the sector and this was now endorsed by the award of a Royal Charter, granted only to bodies that work in the public interest and demonstrate pre-eminence, stability and permanence in their respective field.
‘I would like to thank all of our members and corporate members for their commitment to high standards in qualifications, continuing professional development and the promotion of integrity and ethics – the foundation stones of our application to the Privy Council.’
For certain qualified existing members, the CISI is offering a 12-month window to gain personal chartered status.
In all instances, the transition to individual charter must be accompanied by proof of
ethical compliance through its ethics test, IntegrityMatters, and at least 12 months’ continuing professional development logged using the CISI’s own scheme, or one it has accredited.
Article posted on 2nd November, 2009 - 2.30pm
4 Article Comments
The SII diploma is a very junior qualification compared to the CFA qualification, one that few in the Channel Islands seems capable of passing.
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Well I have CFA, but I’m English ;)
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…one that few in the Channel Islands ’seem’ capable of passing.
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Congratulations Miss Brains.
When the CFE during the days of Charles Hunt and Bob McDonald offered a wide range of higher level professional courses local born Guernsey students usually did very well. The results and student performances were always better than most UK colleges.
There was a somewhat bizarre incident in where a UK moderator of the HNC in Business Studies criticised the college for expecting too high a standard from students and the students achieving these higher standards. Those of you who know the then Course tutor Bryce Thomson can verify this with him and no doubt he can provide numerous other examples of Guernsey students achieving outstanding results.
We also noticed during the mid 1990s was that the ladies were achieving far better results that the boys. Some of the performances led to a number of ladies receiving awards from professional bodies for achieving the first place in particular subjects.
If Mr Pym is right, and I suspect he is, then it is a sad state of affairs.
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