PQP - PQP

The Professional Qualifications Program is intended to raise the level of professional competence, technical ability and legal knowledge of those occupying the Registered Employment Positions of Licensed Persons through professional education and qualifications examinations. The availability of professional expertise and technical capabilities of these registered persons is a cornerstone to ensure the soundness of the capital markets industry in facing the associated risks. Moreover, the program represents a main part of the Fit and Proper Rules that are applied to Licensed Persons and their Registered Employment Positions, which in turn aims to raise the level of financial institutions and local markets, and create an attractive investment environment with the required features.

 

The implementation of this program acts in accordance with the provisions of Article (3-3-3) of Chapter Three (Registered Persons) of Module Five of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activity and their Amendments, which stipulates:
“The Authority may take all necessary procedures to verify the technical and professional abilities that qualify a candidate for Registered Employment Positions, including setting the necessary rules and conditions and passing qualification exams set by the Authority and the possibility of holding an interview for the candidate if deemed necessary.”

 

 

The Professional Qualifications Program consists of three different qualifications, all of which are relevant to the financial sector. Each qualification is obtained by passing its respective exam successfully. The qualifications vary in the extent to which their application is mandatory as follows:

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