The Chartered Institute for Securities & Investment has amended its rules so that chartered members of other bodies no longer have to wait a year to apply to be a CISI member.
Historically, chartered members of other bodies had to apply and wait a year to be a chartered member of CISI.
But, according to its website, those who have been individually chartered for at least one year with an Financial Conduct Authority-accredited body that holds a royal charter, no longer have to wait an additional year after joining the CISI.
However, the individual must have successfully completed CPD.
Kevin Moore, chartered FCSI, CISI global business development director, said: “The CISI recognises the achievements that those working across the financial services sector can gain with other professional bodies as well as the CISI, whilst wishing to attain their ongoing CPD through our membership.
“This allows the communities to maintain their consumer, peer and colleague recognised 'charter' designation.”
He added: “Similarly, chartered membership can also be attained through the CISI via a Level 4 qualification from other relevant professional bodies and five years CPD.
“Crucially access to the CISI ‘Fellowship’ is still only for those who have gained a pinnacle qualification in their specialist area.”
In April, the CISI lent its support to FTAdviser's Promote your Profession campaign, saying it is important to "shine a light" on the initiatives taking place across the advice industry.
The campaign, which aims to bring advisers, planners, paraplanners and brokers together to share best practice and encourage collaboration to boost the profession, launched early April.
sonia.rach@ft.com
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