Chartered Institute for Securities & Investment

The Chartered Institute for Securities & Investment (CISI) is theprincipal provider of qualifications for the securities andinvestment industry. Qualifications offered by the CISI providefirms and their staff with a clear benchmark demonstrating theyhave acquired the required knowledge to carry out their jobroles competently.

Who should study for the Certificate in CorporateFinance?

The Certificate in Corporate Finance has been developed toequip individuals with an understanding of the legislation,regulation and techniques that underpin corporate financetransactions. This Certificate is recognised as an AppropriateExamination for the Corporate Finance Adviser activity(Financial Services Authority controlled function 30). TheCertificate focuses on developing the core knowledge andtechniques required to understand how corporate financetransactions are developed to meet client needs.

The Certificate in Corporate Finance comprises 2 units:

Unit 1 - Corporate Finance Regulation Unit 2 - Corporate Finance Technical Foundations

The Certificate in Corporate Finance is also the first stage of theglobal Corporate Finance qualification offered jointly with theInstitute of Chartered Accountants in England and Wales (ICAEW)and the Canadian Institute of Chartered Accountants (CICA).

Benefits for individuals

3 The Certificate is available to individuals whoare seeking employment in corporate finance aswell as those already employed in this field

3 The Certificate is the first step towards theglobal Corporate Finance Qualification offeredjointly with the ICAEW and the CICA

3 The Certificate demonstrates a commitment topersonal and professional development andprovides a thorough understanding ofcorporate finance

3 Certificate holders are eligible for Associate(ACSI) status of CISI

Certificate incorporatefinance

Benefits for firms

3 The Certificate can be used by firms as part ofan induction programme for new entrants intocorporate finance

3 Meets FSA regulatory requirements

3 Training is available from a range of high qualityCISI Accredited Training Providers

3 The Certificate is assessed through ComputerBased Testing with instant results

3 Senior industry practitioners are closelyinvolved in the development of the programmeensuring the exams are work related and theprogramme is of a high quality

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Key Features

3 The Certificate in Corporate Finance is included in the FSSC Appropriate Examination list for the activity of advising on investments in the course of Corporate Finance business

3 Senior industry practitioners are involved in reviewing the syllabi and setting the examinations

3 The Certificate provides a clear way to demonstrate competence to both the regulator and employer

3 The Certificate fulfils the FSA's requirements to advise on investments in the course of corporate finance business

3 Successful candidates can progress to the Diploma level of the Corporate Finance qualification

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SUMMARY SYLLABUS - Regulation

ELEMENT 1 THE REGULATORY ENVIRONMENT IN THE UK1.1 The Regulatory Infrastructure1.2 The Role of the Financial Services Authority (FSA)1.3 The Companies Act 20061.4 Money Laundering1.5 Insider Dealing1.6 Market Abuse1.7 Financial Services and Markets Act 2000 S.3971.8 Markets in Financial Instruments Directive (MiFID)

ELEMENT 2 FSA CONDUCT OF BUSINESS SOURCEBOOK (COBS)

2.1 The application and general provisions of the FSA Conduct of Business Sourcebook (“COBS”) to corporate finance business

2.2 Rules applying to all firms conducting designated investment business

2.3 The requirements of the financial promotion rules2.4 Client Categorisation2.5 Conflicts of interest2.6 Personal account dealing2.7 Advising and dealing

ELEMENT 3 CORPORATE GOVERNANCE AND BUSINESS ETHICS

3.1 Combined Code on Corporate Governance3.2 Securities and Investment Institute’s Code of

Conduct

ELEMENT 4 TAKEOVERS AND MERGERS4.1 Relevant Bodies4.2 The Takeover Code

ELEMENT 5 PROSPECTUSES5.1 Prospectus Rules

ELEMENT 6 EQUITY CAPITAL MARKETS6.1 Regulation of UK capital equity markets6.2 Rules specific to AIM

SUMMARY SYLLABUS - Technical Foundations

ELEMENT 1 QUANTITATIVE METHODS FOR CORPORATE FINANCE

1.1 Financial Mathematics1.2 Discounted Cash Flows

ELEMENT 2 FINANCIAL STATEMENTS ANALYSIS2.1 Basic Principles2.2 Company Balance Sheets2.3 Income Statement2.4 Cash Flow Statement2.5 Financial Statements Analysis

ELEMENT 3 CAPITAL STRUCTURE3.1 Equity capital and Quoted Equity Transactions3.2 Debt capital3.3 The cost of capital

ELEMENT 4 INTRODUCTION TO BUSINESS VALUATIONS4.1 Equity Value and Enterprise Value4.2 Stock market, transaction and break up values4.3 Asset based valuations4.4 Dividend based valuations4.5 Earnings based valuations4.6 Cash based valuations

ELEMENT 5 CORPORATE TRANSACTIONS5.1 Acquisitions and disposals5.2 Private equity and debt financed transactions

ELEMENT 6 CORPORATE FINANCE DOCUMENTATION6.1 General documentation in Corporate Finance

transactions6.2 Buying and selling documentation in Corporate

Finance transactions6.3 Loan and security Documentation in Corporate

Finance transactions6.4 Public company documentation in Corporate

Finance transactions

Regulatory Approval

Ofqual

The Chartered Institute for Securities & Investment has beenrecognised as an Awarding Body by the Office of theQualifications and Examinations Regulator and as such bothindividuals and firms can be assured that the Institute’sprocesses, policies and systems meet rigorous quality assurancestandards. The Certificate in Corporate Finance is accredited byOfqual as a level 3 qualification.

FSSC Endorsed

The Certificate in CorporateFinance has been recognisedby the Financial Services SkillsCouncil as an AppropriateExamination to equip individuals with a thorough understandingof corporate finance.

For full details, please refer to the Skills Council's website at:www.fssc.org.uk

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CERTIFICATE IN CORPORATE FINANCE

How is the qualification delivered?

Each unit is a 1 hour 50 multiple-choice question paper.

Candidates sitting the exam by CBT will be required toanswer up to 10% additional trial questions that will not beseparately identified and do not contribute to the result.Candidates will be given proportionately more time tocomplete the test.

Units can be taken at Computer Based Test (CBT) centres locatedworldwide, operated by CISI’s global partner Prometric.Candidates can book the examinations to fit in with employmentand other commitments. Candidates will receive their resultswhen they leave the test centre; the formal certificate forsuccessful candidates is issued at a later date.

Over 40,000 CISI qualifications are taken every year at CBTcentres worldwide. For a list of these centres visit: cisi.org/cbt

Are there any entry requirements & exemptions?

There are no formal prerequisites for the Certificate in CorporateFinance. Experience in the industry will help candidates relatewhat they are learning to the job they are doing but it is not arequirement of taking the qualification. Examination entries areaccepted from private individuals as well as via an employer.There are no exemptions from this qualification.

How do I register for the Certificate in CorporateFinance?

Step 1: Pay a one off registration fee

Step 2: Book your examination/s

Step 3: Fill out a Qualifications Registration Form cisi.org/qrf

Prices?

Visit cisi.org/prices to ascertain current prices.

How can I study for the qualification?

Formal training is available through CISI AccreditedTraining Providers. The CISI accredits those providersthat demonstrate that they deliver high quality trainingand support to candidates preparing to sit CISI exams.To find an ATP near you, visit cisi.org/ATP

In addition to, or instead of, formal training, candidatescan choose the self-study route. The CISI publishes acomprehensive workbook. CISI workbooks offercomprehensive coverage of every area of the syllabusand the end of chapter summaries and sample questionsenable candidates to ensure they are fully preparedbefore the exam.

Recommended study times:

Corporate Finance Regulation 50-70 hoursCorporate Finance Technical Foundation 50-70 hours

CISI Membership

Candidates receive free student membership for 12 months oncompleting the qualification registration form. Once candidateshave successfully completed the Certificate in Corporate Finance(both modules) they are eligible for Associate membership ofCISI (ACSI).

To progress to full membership (MCSI) – individuals either needto have been an associate member of CISI for 6 years or todemonstrate 4 years logged Continuing ProfessionalDevelopment (CPD).

Student membership includes:

3 complimentary copy of CISI magazine - S&I Review

3 discounts on conferences, training courses and publications

3 free dictionary of securities & investment terms

3 4 free CPD events a year

To join 40,000 financial practitioners and enjoy the benefits ofCISI membership, find out more at: cisi.org/membership

CERTIFICATE IN CORPORATE FINANCE© 09/2009Chartered Institute for Securities & Investment8 EastcheapLondonEC3M 1AE

All rights reserved. No part of this publication may be reproduced,stored in a retrieval system, or transmitted in any form or by anymeans, electronic, mechanical, photocopying, recorded or otherwisewithout the prior permission of the copyright owner.

Registered charity number 1036566.

CISI Offices in Dubai Dublin Edinburgh London Mumbai Shanghai Singapore

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Additional support to help you pass your examinations

Support from the Candidate Commonroom

CISI has created an online candidate commonroom wherestudents can view sample examination questions, discoveruseful tips on passing the exam, and find out more informationon CBT. Visit cisi.org/candidatecommonroom

Revision Express

Revision Express Online is a valuable online revision aid to beused in conjunction with CISI workbooks. Revision Express testsyour knowledge of the subject matter and is designed to lookand feel more like the exam you will have to face.

NEXT STEP? Global Corporate Finance Qualification

Developed by the Institute of Chartered Accountants inEngland and Wales (the ICAEW) in partnership with theCanadian Institute of Chartered Accountants (CICA) andCISI exclusively for corporate finance practitioners. TheCISI's Certificate in Corporate Finance forms the first stageof this 3 stage global qualification. The 3 stages are:

1 The Certificate in Corporate Finance coveringregulatory requirements and technical foundations ofcorporate finance;

2 The Diploma - more advanced knowledge and its practical application at an intermediate level; and

3 The Advanced Diploma - advanced issues and practice for those seeking to move into the top tier. On successful completion of three years’ work experience,individuals will be awarded the CF designation.

The CF Qualification is a practical, skills-based course thatwill accelerate the careers of corporate financeprofessionals. It will set professional and ethicalstandards, improving the management of regulatory andbusiness risk.

Candidates who successfully complete the qualificationcan use the prestigious CF designatory letters after theirname. The CF designation has fast become aninternational benchmark for success and in achieving theCF designation, you will join the ever increasinginternational community of CF holders in over 50 countriesworldwide.

For more information about the Corporate FinanceQualification visit www.cfqualification.com or alternatively telephone +44 (0)1908 248 293