ISE – Certificate in Stock Broking 2007/08

What is a Registered Representative?
A registered Representative is an individual who has been approved by the Irish Stock Exchange ("ISE™") to give advice to clients. A registered representative is employed by a member firm and has satisfied the criteria for admission. One of the key requirements for admission is to have passed the Irish Registered Representative Exam. Although to work as a registered representative it is necessary to work in a member firm, anyone can apply to sit the Certificate in Stock Broking ("the Programme") or exam.

Exam and Programme
The Programme is run in conjunction with the Institute of Bankers in Ireland and Irish Stock Exchange ("ISE™"). This is the only approved programme of the Irish Stock Exchange. The handling of applications, organisation of venues for the lectures in Dublin city centre locations and administering of exams is undertaken by the Institute of Bankers. Experienced tutors working for the Institute of Bankers in Ireland prepare the Programme materials, advise on study prepartion and give lectures to students. Tutors are also available throughout the home study period to answer student queries.

The Programme is a combination of lectures, distance learning and an intensive revision course designed to prepare the student for the exam. The Programme is offered over three terms with six exam sittings per year. The distance learning mode is the only mode offered in the third term.

The Cost

Examinations
The exam consists of 2 multiple-choice papers.

Paper 1 contains 80 questions and covers the Regulatory Environment, Central Bank and ISE Rules governing stockbroking firms. It is 90 minutes in duration.

Paper 2 has 80 questions covering Markets and Securities, Accounting Analysis, Investment Advice and Taxation. Candidates have 90 minutes to answer this paper.

Full details are outlined in the syllabus.

From January 2002, candidates may sit Paper 1 and Paper 2 at the same sitting or at separate sittings. Under this new regime, candidates are required to sit and be successful in both Papers within one year in order to pass the Registered Representative Exam. The required pass mark in each Paper is 65%. from the January exam 2002 candidates can sit the exam separately but must pass both papers within one year. Students who passed one paper only in previous years will have to resit both papers to achieve a pass.

Those interested in attending the Programme or sitting the exam can complete the application form (download here) and send it with the appropriate fee to the Institute of Bankers.

The contact details are as follows: