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CPD SEMINARS
Programme

April - June 2011

Professional
development
for the financial
services industry

Book online via cisi.org/onlinebooking

The CISI CPD Seminars Programme
Continuing Professional Development (CPD) is a key aspect of the Institute’s strategy for enabling members to
maintain their professional competence. To achieve this, we have constructed a programme of CPD seminars
that is one of the widest ranging in the financial services industry.

The CISI and the FSA’s Retail Distribution Review (RDR)
Under the RDR, the FSA is introducing compulsory CPD for all retail investment advisers to assist in achieving
ongoing competence. The FSA requires a minimum of 35 hours’ CPD to be completed, and recorded, on
an annual basis. The FSA has confirmed that existing advisers who have passed a recognised transitional
qualification will also use structured CPD to top up any gaps identified against the new exam standards. The
Institute has identified the gaps for all their transitional qualifications, including the Private Client Investment
Advice & Management (PCIAM) qualification, and the full details can be found on cisi.org/rdr
The FSA has stated that a minimum of 21 hours of the CPD must be structured learning. Attendance at
seminars, such as the ones in this brochure, are activities accepted as part of structured learning. Each
Institute seminar normally contributes one hour of CPD.
To assist members with the recording of CPD activities as proposed under the RDR, CISI members who
attend any Institute CPD seminars have CPD hours automatically added to their personalised CISI CPD log,
which also recommends 35 hours on an annual basis. For further details, see page 19 of this programme or
contact cpdscheme@cisi.org

RDR Core Topics
The seminars here cover core knowledge areas as outlined in the RDR. For members affected by its
implementation, we have identified the following seminars which relate to RDR core topic areas (Investment
principles and risk, Taxation, Regulation and Ethics). Please see also cisi.org/rdr for further information.

Title and RDR Annual CPD - Core topic page
Investment principles and risk
Founders’ series: Luke Johnson of Risk Capital Partners LLP 4
Another BRIC in the wall? The recent revival of the Russian economy and its future prospects 5
Confidence Accounting – fixing a root problem in financial systems 6
Impact investments: an emerging asset class? 6
Trends and developments in the European wheat market 7
State benefits and investment planning 7
3rd party pensions sponsorship – the future of pensions provision? 8
An introduction to SIPPs 9
Selecting the right ETF 9
Taxation
An outline of the taxation of financial products – tax efficiencies and tax risks 8
The Foreign Account Tax Compliance Act (FATCA) – your obligations under the new US tax regime 12
Regulation
Reforming remuneration practices in financial services 10
The MiFID Review – areas of significant impact and its influence on other legislation 10
The new face of financial services regulation: what will it mean in practice? 12
Ethics
Ethics, culture and sustainability – a practical viewpoint 11

Contents

Corporate Finance
• Founders’ series: Luke Johnson of Risk Capital Partners LLP 4

Investment Management
• Another BRIC in the wall? The recent revival of the Russian economy and its future prospects 5
• Confidence Accounting – fixing a root problem in financial systems 6
• Impact investments: an emerging asset class? 6
• Trends and developments in the European wheat market 7

Wealth Management
• State benefits and investment planning 7
• An outline of the taxation of financial products - tax efficiencies and tax risks 8
• 3rd party pensions sponsorship – the future of pensions provision? 8
• As introduction to SIPPs 9
• Selecting the right ETF 9

Compliance, Ethics and Corporate Governance
• Reforming remuneration practices in financial services –
an overview of the Remuneration Code with some practical points on its implementation 10
• The MiFID Review – areas of significant impact and its influence on other legislation 10
• Ethics, culture and sustainability – a practical viewpoint 11
• Ethics workshop: integrity at work 11
• The new face of financial services regulation: what will it mean in practice? 12
• The Foreign Account Tax Compliance Act (FATCA) – your obligations under the new US tax regime 12

Operations
• Securities lending in the financial market place – how does it benefit clients? 13
• The middle office and its role in operational risk 13
• Clearing services for global markets 13

Professional Interest Forums: Topics and Dates 14
The CISI CPD scheme explained 19
The CISI CPD scheme and the RDR 20
Booking Details 22

Cancellation Policy
For all reservations, we require credit or debit card details. These are held securely and a charge of £50 is
made in the event that you fail to honour a booking or cancel with less than 24 hours’ notice.

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Corporate Finance

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Founders’ series By founding new businesses, entrepreneurs play a very important role in the
market and make a significant contribution to the UK economy as a whole. An
entrepreneur identifies and responds to opportunities, not necessarily by founding
a new start-up, but often by working within an established business to set up a new
department, found a joint venture subsidiary or even a network or partnership.
Although the financial services industry is well established, it is still refreshing to see
innovation, whether in the form of a new business model, product, investment or customer
service proposition.
In the second seminar in our series examining entrepreneurship in financial services, we
talk to Luke Johnson of Risk Capital Partners LLP.

CPD Seminar: Founders’ series: Luke Johnson of Risk Capital Partners LLP
Date: 23 May 2011
Venue: Willis Ltd, 51 Lime Street, London EC3M 7DQ


Biography: Luke Johnson co-founded Risk Capital Partners LLP in 2001.
Luke studied medicine at Oxford and subsequently joined Kleinwort Benson as
an analyst. In 1992 he organised the acquisition of Pizza Express and floated the
business on the stock market at 40p per share. He was Chairman of this business
until 1999, at which time the share price was over £8 and the business had a market
capitalisation of over £500 million.
More recently, Luke stepped down as Chairman of Channel 4 in 2010, having held the
position for six years. Currently, he writes a weekly column for the Financial Times on
entrepreneurship, and is Chairman of the Royal Society of the Arts.
Time: 12.00 – 1.30pm (a sandwich lunch will be served from 12.00 – 12.30pm)
Chairman: Christopher Jones-Warner, Chartered FCSI, Director, Playing Hamlet Ltd
Speaker: Luke Johnson, Chairman, Risk Capital Partners LLP

The Institute would like to thank Raymond James Investment Services Ltd, Willis
Ltd and Playing Hamlet Ltd for their help in organising this series.

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Investment Management

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CPD Seminar: Another BRIC in the wall? The recent revival of the Russian
economy and its future prospects

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Date: 9 May 2011
Venue: Willis Ltd, 51 Lime Street, London EC3M 7DQ


Topic: “An ineffective economy, a semi-Soviet social sphere, a weak democracy, negative
demographic trends and an unstable Caucasus. These are very big problems even
for a state like Russia” (Dmitry Medvedev, President of Russia, September 2009)
President Medvedev was not alone in his withering critique of Russia. Indeed, the
country was hit so hard by the financial crisis of 2008, many called for it to be dropped
from the BRIC line up. This year however, due mainly to the recent increase in oil
prices, Russian equities have substantially outperformed other emerging markets.
Indeed, greater oil price stability should encourage investors to look afresh at Russia
as a high growth, low debt story linked to the Asian boom. But how sustainable is the
current economic rebound, and can it address any of the structural problems already
highlighted by the President? This seminar will examine current economic and political
developments, before looking at the markets. It will also consider other pressing
issues such as corporate governance. In more detail, the event will cover the following:
• The Central Bank of Russia, its increasingly independent monetary policy and
the outlook for the ruble.
• The parliamentary elections in December and the presidential poll next year.
• Changes in labour market dynamics and strengthening profitability in domestic
manufacturing.
• The sectors favoured by investors currently.
Speakers: Svetlana Borodina, Standard & Poor’s GAMMA
Larry Brainard, Chief Economist, Trusted Sources
Gregor Holek, Fund Manager, Raiffeisen Capital Management

This seminar entitles you to one hour and thirty minutes of CPD.

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CPD Seminar: Confidence Accounting – fixing a root problem in financial systems
Date: 11 May 2011
Venue: Chartered Institute for Securities & Investment, 8 Eastcheap, London EC3M 1AE


Topic: ‘Confidence Accounting’ is a term for using distributions rather than discrete values
in accounting. The term was coined by Long Finance proponents as part of a shift to
interval estimates and confidence levels. In a world of Confidence Accounting, the end
results of audits would be presentations of distributions for major entries in the profit
& loss, balance sheet and cashflow statements. The proposed benefits of Confidence
Accounting include a fairer representation of financial results, reduced footnotes,
measurable audit quality and a mitigation of mark-to-market perturbations. This
seminar intends to explore the proposal while assessing the benefits and costs.
Chairman: Professor Michael Mainelli, Chartered FCSI, Chairman, Z/Yen Group Ltd
Speakers: Ian Harris, Finance Director, Z/Yen Group Ltd
Paul Moxey, Head of Corporate Governance and Risk Management, ACCA

The Institute would like to thank the Z/Yen Group for organising this event.

CPD Seminar: Impact investments: an emerging asset class?
Date: 12 May 2011
Venue: America Square Conference Centre, 1 America Square, 17 Crosswall, London EC3N 2LB


Topics: • Impact defined: common misconceptions versus opportunities
• The emergence of impact investing as a sector: it’s not new, but is it an asset
class?
• The impact investment universe: the case for growth
• Measuring impact and relating it to financial returns
• Constructing an impact portfolio: diversification is king
• The future for Impact: a $1 trillion sector in less than 10 years?
Speakers: Alex Weiland, Investment Director, Truestone Impact Investment
Management Ltd
Marissa Blankenship, Head of Impact Research, Truestone Impact
Investment Management Ltd

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CPD Seminar: Trends and developments in the European wheat market
Date: 9 June 2011
Venue: NYSE Liffe, Cannon Bridge House, 1 Cousin Lane, London EC4R 3XX


Topics: • Milling wheat futures: a macro view
• Milling wheat futures: the traders’ view
• Contract specifications
• Milling wheat performance
• Price trends and intra-day volatility
• Milling wheat calendar spreads
• Wheat contracts in the US: contracts, differences and arbitrage opportunities
Speaker: Aaron Gill, Head of Business Development, Commodity Derivatives, NYSE Liffe

Wealth Management
CPD Seminar: State benefits and investment planning
Date: 12 April 2011 and 17 May 2011


Topics: • Overview of state benefits and the different eligibility criteria
• The impact of investments on means tested benefits
• Taxation of state benefits alongside other sources of income and capital
• Review and questions

Time: 5.30 – 6.30pm
Speaker: Cris Glascow MCSI, Consultant, Corporate Training Partnerships Ltd

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CPD Seminar: An outline of the taxation of financial products - tax efficiencies and
tax risks
Date: 18 May 2011
Venue: Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU

Taxation

Topics: • Unit trusts and open ended investment companies
• Property fund structures
• Hedge funds and other offshore funds
• The reporting fund regime and what it means for UK investors
• Life policies and offshore bonds

Time: 5.30 – 6.30pm
Speaker: Dana Ward, Partner, Tax, Grant Thornton UK LLP

CPD Seminar: 3rd Party Pensions Sponsorship – the future of pensions provision?
Date: 26 May 2011


Topics: • A quick look back in time at demographics
• Pensions - the smoking gun and the likely impact on generations X and Y
• The current reforms – are they just ‘reshuffling the deck’?
• The birth of 3rd party pension sponsorship

Time: 5.30 – 6.30pm
Speakers: Darren Say, Chief Executive, RGP Group
Pierre Coussey, Chartered MCSI, Director of Pensions & Investment Strategy,
Wealth Connection Ltd

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CPD Seminar: An introduction to SIPPs
Date: 8 June 2011
Venue: Speechly Bircham LLP, 6 New Street Square, London EC4A 3LX


Topics: • An introduction to the SIPP marketplace, covering the different types of SIPP
proposition, the main players and the business opportunities/pitfalls for fund
and wealth managers.
• The legal and regulatory issues of dealing with SIPP accounts, including legal
relationships, categorisation, account opening, suitability, reporting and liability.
• The legal and tax planning issues affecting SIPPs including the tax treatment of
contributions, investment restrictions and the impact of the death of the
SIPP holder.
Time: 5.30 – 6.30pm (this seminar will be followed by a drinks reception)
Speakers: Vincent Mercer MCSI, Partner, Speechly Bircham LLP
Jane Wolstenholme, Partner, Speechly Bircham LLP
Hyman Wolanski, Managing Director, Sippchoice Ltd

CPD Seminar: Selecting the right ETF
Date: 29 June 2011
Venue: BlackRock, Murray House, 1 Royal Mint Court, London EC3N 4HH


Topic: There are several key criteria that need to be considered when selecting an ETF for your
client. In this session, iShares will look at each of these in turn to help you make the right
choice for you and your client. This seminar will consider the following questions:
• How well do you know your provider?
• What’s in your ETF?
• What are the implications of its structure?
• How do you compare ETF performance?
• Liquidity – can you trade when you need to?

Speaker: Kelly Farder, Vice President, iShares

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Compliance, Ethics and Corporate Governance

CPD Seminar: Reforming remuneration practices in financial services – an overview of
the Remuneration Code and some practical issues on its implementation
Date: 6 April 2011
Venue: Speechly Bircham LLP, 6 New Street Square, London EC4A 3LX
Regulation
Topic: The Remuneration Code threatens to revolutionise the calculation and payment
of remuneration in the financial services industry. Yet the speed and manner of
implementation has left many aspects of its application uncertain. This seminar is
likely to be of interest to those within organisations tasked with policy implementation
and oversight, including remuneration officers, senior HR professionals, finance
directors, compliance officers and remuneration committee members. In more detail,
it will cover the following:
• An overview of the Remuneration Code
• A review of the further guidance from the FSA (expected March 2011)
• Practical issues for firms in implementing the Code
Time: 5.30 – 6.30pm (this seminar will be followed by a drinks reception)
Speakers: Representatives from the Financial Services and Employment teams at
Speechly Bircham LLP

CPD Seminar: The MiFID Review – areas of significant impact and its influence on
other legislation
Date: 14 April 2011
Regulation
Topic: The review of the Markets in Financial Instruments Directive (MiFID) is now well under
way. MiFID affects most aspects of the business of investment firms (from passporting
and authorisation, through to organisational requirements) and is under review because
of a legislative requirement on the European Commission. The recent financial crisis has
strongly influenced many of the areas under examination, and far reaching changes look
set to be made to post-trade transparency regimes for non-equity markets, transaction
reporting, underwriting and also investor protection. This seminar will cover the following:
• Significant impact areas under MiFID Review (Client order handling, pre/post trade
transparency)
• The knock on effects from other ‘ships in the harbour’ (Dodd-Frank, EMIR, AIFMD and
UCITS)
Speakers: Gary Stanton, Chartered FCSI, Senior Manager, Financial Services Risk & Regulation,
Ernst & Young
Dr Anthony Kirby, Director, Financial Services Risk & Regulation,
Ernst & Young

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CPD Seminar: Ethics, culture and sustainability – a practical viewpoint
Date: 5 May 2011

Ethics
Topics: • Is the ethics argument over?
• Does your organisation have a culture?
• What marks out a sustainable business?
• Assessing impact, costs and benefits
• Modifying corporate behaviour
• The role of regulation
• The Consumer Protection & Markets Authority (CPMA) as ‘consumer champion’?
• Practical next steps
Speaker: Nick Gibson, Chartered FCSI, Head of Compliance Solutions, Chase Cooper Ltd

CPD Seminar: Ethics workshop: integrity at work
Date: 19 May 2011

PCIAM, IAC and MWM
Topic: Honesty, decency and good behaviour – are you fit to conduct business in the current
financial climate?
Integrity at work is an innovative and interactive workshop focusing on the challenges
posed by real business dilemmas. Drawing on genuine case studies, you will be
invited to decide your response to each situation, and to provide suggested actions
that could be taken in similar situations. The CISI is the largest and most widely
respected professional body for those who work in the securities and investment
industry, and one of its key objectives is the promotion of trust in the financial services
industry.
Speaker: Kevin Moore, Chartered MCSI, Director of Global Business Development,
Chartered Institute for Securities & Investment

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CPD Seminar: The new face of financial services regulation: what will it mean in
practice?
Date: 16 June 2011
Venue: Olswang LLP, 90 High Holborn, London WC1V 6XX

Regulation

Topic: The Government is committed to putting a new regulatory architecture in place by the
end of 2012, with the FSA being replaced with two separate regulators, the Prudential
Regulation Authority and the Financial Conduct Authority. This seminar will look at the
Government’s White Paper with a view to considering the likely practical impact of the
new regulatory structure for the regulated community.
Speakers: Brian McDonnell, Partner and Head of the Financial Services Regulatory Group,
Olswang LLP
Other speakers tbc

This seminar entitles you to one hour and thirty minutes of CPD.

CPD Seminar: The Foreign Account Tax Compliance Act (FATCA) – your obligations
under the new US tax regime
Date: 22 June 2011
Venue: Grant Thornton UK LLP, 30 Finsbury Square, London EC2P 2YU

Taxation

Topics: • An overview of the FATCA rules
• Who is likely to be affected
• How to comply with the FATCA regime
• FATCA versus qualifying intermediaries
Time: 5.30 – 6.30pm
Speaker: Dana Ward, Partner, Tax, Grant Thornton UK LLP

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Operations

CPD Seminar: Securities lending in the financial market place – how does it benefit
clients?
Date: 25 May 2011
Venue: BlackRock, Murray House, 1 Royal Mint Court, London EC3N 4HH

Topics: • Risk and risk mitigation – what are the risks and how can they be managed?
• Collateral parameters – what are they and how do you respond to changes in the
market?
• Returns and benchmarking – how does securities lending fit into the total cost of
ownership concept?
Speaker: Stefan Kaiser, Director, BlackRock

CPD Seminar: The middle office: the impact of new regulations and infrastructures
Date: 6 June 2011

Topics: • The strategic importance of the middle office
• The likely impact of Target2 Securities
• The new EU regulations affecting the middle and back office
Speaker: Tony Freeman, Executive Director, Industry Relations,
Europe & Asia-Pacific, Omgeo

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CPD Seminar: Clearing services for global markets
Date: 20 June 2011
Venue: SWIFT, The Corn Exchange, 55 Mark Lane, London EC3R 7NE

Topics: • This seminar combines a theoretical and academic view on clearing as the core
part of a smooth and efficiently functioning financial market infrastructure, and a
practical view on the current landscape and developments.
• Explanation of the core concepts developed for analysing the efficiency of
clearing industry structures.
• Conceptual outline of how the efficiency impact of various cross-border
integration and harmonisation initiatives (such as cross-margining agreements,
clearing links, and mergers) between clearing houses can be determined.
• Focus is on applying the network view to the clearing industry to identify and
explore network effects, with a focus on the European clearing industry.
• The clearing industry constitutes a two-layered (product layer and system layer)
and two-level (clearing house level and clearing member level) network structure
and exhibits a number of positive and negative network effects.
Speaker: Tina Hasenpusch, Head of Clearing & Business Development, CME Clearing Europe

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Professional Interest Forums: Topics and Dates

CISI Professional Interest Forums (PIFs) are a benefit open to Fellows, Members, Associates and Affiliates.
Students may attend one of each forum per year. All meetings are held at lunchtime and operate under
the Chatham House rule. The meetings usually include a presentation from a speaker, some time for open
discussion and a light lunch with an opportunity for networking with peers.

Attendance at PIF events earns members appropriate hours of active learning under the CISI CPD scheme
and is automatically added to your CPD log. For more information please visit cisi.org/cpdscheme.

To receive notification of forthcoming forum meetings, please email your name, membership
number and areas of interest to pifs@cisi.org. The Training Directors’ forum can be contacted on
trainingdirectorsforum@cisi.org

Corporate Finance Forum
Topic: The life of Brian: Q&A with Brian Winterflood FCSI(Hon)
Date: 5 April 2011
Venue: Wragge & Co, 3 Waterhouse Square, 142 Holborn, London EC1N 2SW
Time: 12.30 – 2.00pm (a light lunch will be served from 12.30 – 12.50pm)
Chairman: John Bridges MCSI, Partner, IAF Capital Ltd
Speaker: Brian Winterflood FCSI(Hon), Life President, Winterflood Securities

corporatefinanceforum@cisi.org

Topic: Economics
Date: 16 June 2011
Venue: Wragge & Co, 3 Waterhouse Square, 142 Holborn, London EC1N 2SW
Chairman: Debbie Clarke CF, Chartered MCSI, Partner, Chantrey Vellacott DFK LLP
Speaker: Tim Congdon CBE, Economist, Standpoint

corporatefinanceforum@cisi.org

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Islamic Finance Forum (in conjunction with the IIBI)
Topic: Views from Sharia’a scholars
Date: 19 April 2011
Chairman: Mohammad Shafique, Programme Development Co-ordinator, IIBI
Speakers: Mufti Muhammed Nurullah Shikder, President & Head,
Sharia’a Advisory and Sharia’a Compliance, Gatehouse Bank
Shaykh Haytham Tamim, Director & Founder, Shariah Solutions Ltd

islamicfinanceforum@cisi.org

Topic: tbc
Date: 21 June 2011
Chairman: Mohammad Shafique, Programme Development Co-ordinator, IIBI
Speakers: tbc
islamicfinanceforum@cisi.org

IT Forum
Topic: Algorithmic trading
Date: 28 April 2011
Venue: Goldman Sachs, River Court, 120 Fleet Street, London EC4A 2QQ
Chairman: Brian McNulty MCSI, Chief Executive Officer, DBFS Ltd
Speaker: Caspar Marney, Chief Executive Officer, Marney Capital Ltd
itforum@cisi.org

Provisional topic: Successfully migrating in-house solutions from one core platform to another
Date: 30 June 2011
Venue: Goldman Sachs, River Court, 120 Fleet Street, London EC4A 2QQ
Chairman: Brian McNulty MCSI, Chief Executive Officer, DBFS Ltd
Speaker: tbc
itforum@cisi.org
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Operations Forum

Topic: Recruiting, training and retaining operations staff
Date: 10 May 2011
Venue: Standard & Poor’s, 20 Canada Square, Canary Wharf, London E14 5LH
Chairman: Frank Reardon, Chartered FCSI, Head of Investment Administration,
J M Finn & Co Ltd
Speakers: Allen Martin, Learning & Development Manager, HSBC
Lucy Harris, Graduate Recruitment & Marketing Manager, HSBC
Rod Pails, Academy Head – GBMI, HSBC

operationsforum@cisi.org

Topic: tbc
Date: 29 June 2011
Venue: Euroclear, 33 Cannon Street, London EC4M 5SB
Chairman: Frank Reardon, Chartered FCSI, Head of Investment Administration,
J M Finn & Co Ltd

operationsforum@cisi.org

Risk Forum

Provisional topic: Basel III
Date: 12 May 2011
Venue: AXA Investment Managers, 7 Newgate Street, London EC1A 7NX
Time: 12.30 – 2.00 (a light lunch will be served from 1.30 – 2.00pm)
Chairman: Dennis Cox FCSI, Chief Executive Officer, Risk Reward Ltd
Speaker: tbc

riskforum@cisi.org

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Topic: Investment horizons
Date: 23 June 2011
Venue: AXA Investment Managers, 7 Newgate Street, London EC1A 7NX
Chairman: Dennis Cox FCSI, Chief Executive Officer, Risk Reward Ltd
Speakers: Clive Lambert, Director, FuturesTechs
Mark Tinker, Global Fund Manager, AXA Investment Management
Dean Turner, Investment Strategist, Barclays Wealth

riskforum@cisi.org

Compliance Forum

Topic: Hot topics
Date: 18 May 2011
Venue: Travers Smith, 10 Snow Hill, London EC1A 2AL
Chairman: Julian Sampson, Chartered FCSI, Director, Fulcrum Compliance Ltd
Speakers: tbc

complianceforum@cisi.org

Topic: MiFID 2
Date: 5 July 2011
Venue: Hogan Lovells, Atlantic House, Holborn Viaduct, London EC1A 2FG
Chairman: Julian Sampson, Chartered FCSI, Director, Fulcrum Compliance Ltd
Speaker: tbc

complianceforum@cisi.org

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Wealth Management Forum

Topic: The art of a good pitch
Date: 24 May 2011
Speaker: Roly Grimshaw, Founding Partner, Swordpoint Advisors Ltd

pwmanforum@cisi.org

Topic: Active versus passive management
Date: 12 July 2011
Chairman: Amy Lazenby, Chartered FCSI, Investment Manager,
Wilson King Investment Management
Speaker: Clive Beagles, Fund Manager, JO Hambro Capital Management
and Dimensional Fund Advisors

pwmanforum@cisi.org

Training Directors’ Forum

Date: 21 April 2011
Chairman: Sandra Jacobs, Regulatory Risk Manager - Central Functions, Royal Bank of Scotland
Speaker: tbc

trainingdirectorsforum@cisi.org

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The CISI CPD Scheme Explained

Financial services practitioners perform CPD activities every working day, often without
even realising it. Reading industry publications, attending internal briefings, mentoring new
colleagues and attending professional events such as the ones detailed in this programme are
all valid forms of CPD.

As regulatory interest and focus on the maintenance of professional competence increases, it
is not enough simply to undertake these activities on their own; practitioners need to recognise
that such activities are CPD, thereby enabling them consciously to extract the learning from
them. It is also important to record CPD activities undertaken. During 2011, the CISI will be
updating and refreshing its CPD scheme to reflect new developments in the regulation of CPD,
as well as best practice.

The CISI’s CPD scheme empowers its users to take ownership of their own development. The
scheme log, a free, web-based system, allows users to monitor and record their CPD quickly and
easily. It even records automatically participation in all CISI CPD activities, such as attendance
at professional events, taking examinations and using elearning tools. Members can also
record activities undertaken with other professional bodies, CPD providers and firms.

CPD Learning Type Min Claimable Hours Max Claimable Hours
Active 1 30
Reflective 1 15
Self-directed 1 5
Development of others 1 20

Those using the CISI CPD scheme are required to log 35 hours of activities per annum (in
line with the grid above) in order to meet the Institute’s target. Those that succeed receive a
formal end-of-year certificate from the CISI, which can be used to prove adherence to Training
& Competence (T&C) requirements. Participation on the Institute’s scheme is compulsory for
members wishing to become personally Chartered and thereafter to remain Chartered.

For those members affected by the FSA’s Retail Distribution Review, during 2011 the scheme
will be refreshed and developed to enable members to log activities in relation to the core areas
of the RDR (which include regulation, ethics, personal taxation, investment principles and risk),
as well as to cover both structured and unstructured learning.

Please see the diagram overleaf which outlines where CPD activities fall under the CISI
scheme and proposed FSA structure.

For further details about the scheme please contact cpdscheme@cisi.org

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Active activities Reflective encompasses
are interactive or involve activities that are of a briefing
participation. This is a nature and where there are
proactive structured no opportunities for audience
learning element. These interaction. Some activities count
count towards the towards the RDR requirement for
RDR requirement for structured learning while others
structured learning. are unstructured.

Structured Structured Unstructured

Training Courses Company Podcasts
Briefings/Updates

Workshops Webcasts
Interactive
Webcasts
CPD Events
Infolink
Webstreams
Seminars
Television
Programmes
Conferences

eLearning
The CISI CPD Scheme and the RDR
The CISI CPD scheme recognises activities offered by
Exams
firms, other professional bodies and training providers,
in addition to the opportunities that we provide. We
PIFs show here a range of CPD activities categorised into
each of the four learning elements required under the
CISI scheme. For those members affected by the RDR,
we have highlighted the activities that can be defined as
Exam Training
structured or unstructured learning for FSA purposes.
Courses

Lectures

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Self-Directed Development of Others
includes all is concerned with sharing your
unaccompanied knowledge and expertise for
activities undertaken. the benefit of others. Some
These count towards activities count towards the
the RDR requirement for RDR requirement for structured
unstructured learning. learning while others are
unstructured.

Unstructured Structured Unstructured

Securities & Chairing Events Mentoring and
Investment Review Inducting
Staff
Developing and
Workbooks Assessing Exam
Questions Contributing
towards
Studying Learning Materials
Presenting at
an Event
Regulatory Member of
Update Board, Panel
Briefing Staff and
or Committee
Colleagues
Online News
Services
Syllabus Exam Staff Training
Panel
Trade
Magazines
Writing Industry
Articles, Workbooks
Financial Times and Journals

Industry Journals

Research Annual Target: 35 hours

Minimum Maximum
Exam Revision CPD Learning Type Required hours Contributing hours
Active 1 30
Reflective 1 15
Investment
Self-Directed 1 5
Management Review
Development of Others 1 20

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BOOKING DETAILS
To reserve places
Seminars are free to Fellows, Members, Associates and Affiliates. Non-members are charged
£100 per event.
Students are entitled to attend four CPD seminars free of charge per subscription year.
Thereafter, they will be charged the concessionary rate of £25 per booking.
Please be aware that we request credit card details before making a booking.
The Institute’s CPD seminars programme covers the main industry sectors. You can select
seminars from any of these areas to suit your training requirements.

Bookings can be made in two ways:
- call the CISI team on +44 (0)20 7645 0680
- online at cisi.org/onlinebooking

Your login information for online booking is available from the Client Services team:
clientservices@cisi.org or +44 (0)20 7645 0680.
Confirmation of your booking, with venue details, will be emailed to you on making the booking
and a reminder sent at least a week before each seminar is due to take place.

Professional Interest Forums
Professional Interest Forums are only open to Fellows, Members, Associates and Affiliates.
To receive regular email alerts on the forums, including future events, please email pifs@cisi.org.
The Training Directors’ Forum can be contacted on trainingdirectorsforum@cisi.org.

CPD Accreditation
Each seminar entitles you to one hour of CPD, unless otherwise stated.

Cancellation Policy
Regrettably, our experience dictates the following precaution.
We ask that members give at least 24 hours’ notice when cancelling a seminar booking. In the
event that this is not honoured, the Institute will charge a fee of £50.

23

Expand your knowledge, gain
CPD hours and stay ahead
of the competition by taking
our topical professional
development training courses

New Dates Released:
April - September 2011

Visit
cisi.org/courses

Bring your membership card to every CISI event
to ensure your CPD hours are counted!

Scan your card on arrival and your CPD hours will be automatically added
to your personal log. Don’t forget to pick up a cardholder and lanyard.
Your card is designed to be used as a name badge too.

Want more information? Visit cisi.org/cards

April-June 2011

Chartered Institute for Securities & Investment,
8 Eastcheap, London EC3M 1AE

8 cisi.org
% +44 (0)20 7645 0600
* info@cisi.org

March 2011

Cisi April June2011 Cp Dseminars

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