Examination Pursuant to Capital Market Enterprising Act (EN)

For the announced dates of exams click on the button with category of exam above.

Examinations are usually announced once a month. If you need an individual date of the examination or you are group of candidates contact us for individual offer: Lukáš Beránek, lukas.beranek@efpa.cz. 

The new professional examinations apply to employees of securities traders and investment intermediaries, to tied agents and their employees. All investment service providers must pass the accredited professional examination in 2 years from the Act effectiveness date, i.e. by 3 January 2020.

• Securities traders
• Tied agents of securities traders
• Investment intermediaries
• Tied agents of investment intermediaries

Professional qualifications pursuant to the Capital Market Enterprising Act are divided to 2 parts, hence professional qualifications can be recognised for a provider proving possession of:

• General knowledge necessary for dealing with customers or professional customers in the context of investment service provision. This knowledge must be documented by a school-leaving examination certificate or a higher education diploma.
• Professional knowledge and skills necessary for dealing with customers or professional customers in the context of investment service provision. This knowledge and skills are documented by a certificate of the professional examination passing (§ 14f of the Capital Market Enterprising Act).

The Decree defines two categories of the professional examinations based on the scope of investment instruments for which the qualified provider is authorised to provide investment service:

• INVESTMENT INTERMEDIARY: The professional examination in dealing with customers in the context of investment service provision only applies to the investment instruments listed in § 29 (3) of the Act (narrowed scope of instruments – i.e. the instruments with which an investment intermediary can work).
• SUMMARY EXAMINATION: Professional examination in dealing with customers in the context of investment service provision applying to all investment instruments listed in § 3 (1) of the Act (full scope of instruments).

Both examination categories have unlimited validity (i.e. the five-year renewal term known from pensions does not apply) and can be sat for with accredited entities like any other examinations.

The price of the examination includes (provided by EFPA CR):

• Tests for practising in the special DRIL application. You can try the test questions as much as you want, view the history of your attempts, of your improvement etc.
• The complete list of all questions including correct answers for download in PDF format for you to be able to prepare for the examination even if you have no internet access at hand!

The Decree defines two categories of the professional examinations based on the scope of investment instruments for which the qualified provider is authorised to provide investment service:

INVESTMENT INTERMEDIARY

The professional examination in dealing with customers in the context of investment service provision only applies to the investment instruments listed in § 29 (3) of the Act (narrowed scope of instruments – i.e. the instruments with which an investment intermediary can work).

• This examination includes 60 questions examining knowledge of the examinee and 3 case studies, 5 questions with a single correct answer each.
• The examination takes 135 minutes.

SUMMARY EXAMINATION (SECURITIES TRADER)

Professional examination in dealing with customers in the context of investment service provision applying to all investment instruments listed in § 3 (1) of the Act (full scope of instruments).

• This examination includes 92 questions examining knowledge of the examinee and again 3 case studies, 5 questions with a single correct answer each.
• The examination takes 180 minutes.

• You must sit for the examination in person. The examination is done in writing or on a PC. The method is always specified with the examination date you choose.
• You must arrive to the examination venue at least 30 minutes in advance.
•  To be admitted to the examination room you need to prove your identity with your identity card (at the check in counter before the examination start), and can bring your calculator with you.
• The examination is evaluated automatically in 24 hours from the examination completion. You will be informed about your result by e-mail sent to your electronic mail address provided to the examiner.
•  The results of your examination including a detailed survey of your answers will also be available later for your reference in your profile on the efpa.cz portal.

To pass the e;xamination you must meet all of the below 3 criteria:

• Getting min. 60 % of the maximum score for knowledge test questions, and
• Getting min. 60 % of the maximum score for case study questions, and
  The overall criterion:
• Getting min. 75 % of the maximum score for the whole examination.

After passing the examination your certificate will be generated and will be made available to you for download in your profile on the efpa.cz portal.

• If you are interested in sitting for the examination click on the category of examination above the page and the chooce the date of exam.
• You will receive an individual price offer and the option of your own closed examination date.
• If you need an individual date of the examination or you are group of candidates contact us for individual offer: Lukáš Beránek, lukas.beranek@efpa.cz. 

• EFPA Accredited Examination Regulations (valid from 16 March 2024)
• EFPA Accredited Examination Regulations (valid from 1 July 2023)
• Decree 319/2017 Coll.
• Act 256/2004 Coll.
• Model of Answer Sheet
• Sample Attendance list

Notice: The given wordings of legal regulations are only wordings for information. The only authentic wording of legal regulations is the wording published in the Collection of Laws or in the CNB Bulletin.

Sample certificate

• SAMPLE Certificate - Cat. Investment Intermediary
• SAMPLE Certificate - Cat. Securities trader