The DSI Institutional Investment Advisor register lists professionals who advise professional investment clients about suitable investment solutions. Investment products like equities, bonds, investment funds and derivatives can be highly complicated. The constant innovations and changes in the field of investment can make them even more complex.
As a professional investment advisor, you must therefore meet certain requirements for professional expertise. A listing in the DSI Institutional Investment Advisor register shows that the professional meets the requirements stipulated by DSI and ESMA.
For professionals who advise professional investors on suitable investment solutions
Applying for certification
The DSI Institutional Investment Advisor register is intended for professionals who advise professional investment clients about suitable investment solutions. These investment solutions may involve standard solutions or bespoke solutions, depending on their suitability for the client.
A registered professional must comply with the ESMA guidelines in the areas of knowledge and competency. The AFM considers the successful completion of a DSI-accredited examination to be a suitable qualification, in accordance with the ESMA guidelines. These guidelines serve in part to protect the investor and encourage the sector to work fairly, honestly, transparently and efficiently.
Registered professionals may have one of two statuses: Certified Professional or Candidate Certified Professional. Both must comply with the Code of Conduct drawn up by DSI. The difference is in the level of education or work experience the professional has acquired. A professional can receive the status of candidate certified if they do not meet all of these requirements.
Certified Professionals listed in the DSI Institutional Investment Advisor register have successfully completed examinations for knowledge and skills. During a 12-month period (fulltime equivalent) over the past five years, they have spent a substantial portion of their time on register-related activities, and have participated in the annual DSI Continuing Professional Education programme.
The DSI Institutional Investment Advisor register lists professionals employed in the investment sector, for example as an investment advisor or asset manager. These professionals work for a company or organisation that advises professional clients (such as pension funds) about investment solutions, such as equity and bond investment funds. The recommendations may include standard investment solutions or bespoke solutions, depending on what is most suitable for the client.
The knowledge that a professional registered in the Institutional Investment Advisor register must possess is listed in the DSI qualifications. These qualifications were drawn up by the DSI advisory committees and DSI Accreditation Committee, and are based on the legal requirements stipulated by ESMA a few years ago.
As a professional investment advisor, you must meet the MiFID II requirements for professional expertise. The ESMA Guidelines for Institutional Investment Advisor are based on these requirements. A professional listed in the DSI Institutional Investment Advisor register has acquired sufficient knowledge in the following areas:
Which conditions does DSI place on admission to the register?
Admission to the register and maintenance of the certification status are subject to a variety of requirements. These requirements vary from admission standards to the obligation of participating in a Continuing Professional Education programme. A list of the various requirements and information about the Continuing Professional Education Programme are provided below.
The DSI Institutional Integrity Program must be successfully completed. This program consists of the following 2 elements:
If you have a CFA level 1 or VBA diploma, you are exempt from the Workshop element. You then only have to do the E-learning module.
If you wish te be certified for the DSI Institutional Investment Advisor register, you need to succeed an exam at The Ministry of Compliance (TMoC). Depending on your previous education, you can choose a specific education.
Have you already successfully completed the Knowledge component – for example because you are already (candidate) certified in the Advising or Institutional Informing register at DSI – and do you only need to complete Skills? TMoC has the DSI Deficiëntie Beleggen Institutioneel Vaardigheden training available for this.
For institutional professionals who are already certified in the register DSI Informeren Beleggen Institutional, TMoC has a shortened exam available – DSI Deficiëntie Beleggen Institutioneel Informeren – Adviseren
During a 12-month period (fulltime equivalent) over the past five years, the Certified Professional has spent a substantial portion of his/her time on register-related activities, whether in the current position or in previous positions.
You can find the fees for DSI Certification here.
As a DSI (Candidate) Certified Professional listed in the Institutional Investment Advisor register, you are required to successfully complete the Continuing Professional Education program each year. You can choose from a variety of education institutions that are accredited to provide the Continuing Professional Education program.
Successful completion of the DSI Continuing Professional Education programme indicates that you have met all of the legal requirements for certification. More information about the Continuing Professional Education programme can be found here.
Please note: You are free to choose your preferred provider. We recommend that you ask your employer if the organisation has made any collective agreements with the education providers.
If you have any questions about the DSI Institutional Investment Advisor register, and cannot find the answers in the FAQ page, please contact one of our DSI associates. We would be happy to help you! You can contact us by e-mail via firstname.lastname@example.org or by calling 020-6201274.