DSI ESMA Register
The DSI Treasury Advisory register comprises experts who advise professional clients on complex financial products, such as interest rate risks, currency risks, and commodity risks. These continuously evolving products require high-level knowledge and skills. Registration in the DSI Treasury Advisory register confirms that the professional meets the stringent competency requirements of both DSI and ESMA.
Various requirements apply for admission and maintenance of this certification, ranging from admission criteria to mandatory participation in a Continuing Professional Education Program. Below is an overview of the requirements.
Certification always begins with registration at DSI. You can do this via MyDSI. This can be done before you meet all the requirements. We will then register you as a candidate-certified. Once you fully meet all the requirements, we will convert your registration to certified. View here step-by-step the application process for certification at DSI.
For access to the financial sector and DSI registration, ethical behavior is crucial. As a certified individual, you are required to successfully complete the DSI Integrity Module. This module consists of three parts, for which you can enroll via the Dutch Compliance Institute:
If you hold a CFA Level 1 or VBA diploma, you are exempt from the Workshop. In that case, you only need to complete the E-learning module.
If you wish to be certified in the Treasury Advisor, you must have passed two exams
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.
For professionals advising clients about treasury products
The DSI Treasury Advisor register is intended for professionals who advise professional investment clients about treasury products. A listing in the DSI Treasury Advisor register indicates that the professional possesses sufficient knowledge and skills pertaining to the instruments traded and the relevant usances.
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 Treasury 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 program.
The DSI Treasury Advisor register lists professionals employed in the banking and treasury sector, for example as a (junior) trader or client consultant at a bank. The professionals advise on the coverage of financial risks, such as interest rate risk, currency risk and commodity risk.
The knowledge that a professional registered in the DSI Treasury 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.
Professionals advising on the coverage of financial risks must meet the MiFID II requirements for professional expertise. The ESMA Guidelines for Treasury Advisor are based on these requirements. A professional listed in the DSI Treasury Advisor register has acquired sufficient knowledge in the following areas:
Keeping your DSI certification up-to-date
As a DSI (Candidate) Certified Professional listed in the Treasury 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 Treasury Advisor register, and cannot find the answers in the FAQ page, please contact one of our DSI Cusomer Care Officers. We would be happy to help you! You can contact us by e-mail via the contactform or by calling 020-6201274.