February 23, 2011
Dear Member,
Sub
: Memorandum of Understanding between ICSI and Chartered Institute for
Securities & Investment (CISI), London
The Council of
the Institute has a policy to build partnerships with such professional bodies,
within and outside India, which re-inforce professional capacities and
capabilities of Company Secretaries.
In pursuance of
this policy, ICSI has executed MOU, the Institute entered into an MOU with
Securities Investment Institute (SII) London on September 10, 2008 to provide
opportunity to Company Secretaries to enhance their career progression in
various specialized areas like capital market, commodity market, investment
banking, wealth & fund management, etc.
Subsequently,
the Securities & Investment Institute received Royal Charter and became the
Chartered Institute for Securities & Investment (CISI) w.e.f November 01,
2009. Royal Charters are granted to bodies that work in public interest and
demonstrate pre-eminence, stability and permanence in their particular field.
The MOU has been renewed with CISI in January 2011.
About CISI
(erstwhile SII)
Formed by the
London Stock Exchange, the CISI is the leading professional body, offering
progressive qualifications, training and membership for individuals in the
securities and investment industry across international markets.
As the
principal provider of qualifications in financial markets, CISI offers
individuals the opportunity to achieve core competence and foster strong
careers.
With over
48,000 examinations taken in 49 countries, CISI has established offices in
China, India, Singapore and UAE.
CISI enjoys
industry-wide acceptance world-over, with almost all of the top leading global
banks and corporates signing up to CISI qualifications and has secured
regulatory recognition for its qualification in countries like Singapore, Hong
Kong, UAE and other parts of the Middle East.
As a
not-for-profit membership body, CISI maintain and develop professional
competence and promote the highest levels of professional behaviour and
integrity.
Arrangement
between the Institutes
•
CISI has also
recognised membership of ICSI for automatic membership of CISI at the associate
level (ASI).
•
Senior
practitioners of ICSI in Securities and Investment industry would be entitled to
apply for direct Membership of CISI (MSI)).
•
Discounts/
rebates upto 30 to 50 % of International fee is offered to ICSI students and
members for pursuing Certificate Programmes, International Operations
Certificate
•
CISI has
offered certain recognitions to ICSI students who have passed the ‘Executive
Programme, which will facilitate their obtaining the ‘International Investment
Administration Qualification (IAQ)’.
•
ICSI Centre for
Corporate Governance Research & Training (CCGRT) at Navi-Mumbai has been
offered accreditation as a training provider (ATP) to conduct direct training
for CISI exams to those wishing to obtain CISI international qualifications.
•
CISI also
provide its Members an opportunity to develop their competencies through
:
o
Free use of the
CISI CPD scheme
o
Access to free
CPD seminars (local and outside India)
o
Online access
to webcasts and podcasts of previous CPD events
o Online archive of slides and transcripts of previous CPD events
o
Free use of
CISI Professional Refresher
o
Free online
version of the members' magazine, Securities & Investment Review
o
Free access to
Infolink, the CISI’s online information resource library
o
Online
members’ directory
o
Access to
Integrity Matters, the CISI’s e- learning product, focusing on ethical
dilemmas facing financial services practitioners
o
A PDF of an
CISI workbook of your choice on registering for membership
We are sure
that MOU will provide a unique opportunity to Company Secretaries to have better
access to the International Financial Markets, enhance their career progression
within the industry and enhanced credibility and reputation to the profession of
the Company Secretaries.
Members are
advised to go through the Memorandum of Understanding and take benefit of the
collaboration entered between the ICSI and CISI.
A copy of the
MOU between the two Institutes is enclosed as a ready reference.
Regards,
N K Jain
Secretary &
CEO
The Institute
of Company Secretaries of India