Proficiency requirements for SwedSec’s licensing exam for advisers
Function of the proficiency requirements
The requirement is divided into sections, subsections, and checkpoints. A checkpoint specifies what a licence holder is expected to master within a given, relatively small field of knowledge. Every single item in a candidate’s examination paper is thus directly linked to such a checkpoint in this document.
The proficiency requirements are intended to function as a support when developing a relevant syllabus and also to serve as a basis when setting exam questions. In addition, they are designed to give an overview of what is expected of a licence holder. It is the task and responsibility of professional training providers to accurately interpret the proficiency requirements and work out a detailed training program.
Design of the proficiency requirements
The proficiency requirements are, as previously stated, divided into sections, subsections and checkpoints. The four sections included are:
- Products and handling of client transactions
- Economics and finances
- Ethics and rules and regulations
- Pensions and insurance
The candidate answers 120 questions in total, of which 110 are standard questions that will decide the outcome. All standard questions have been subject to a thorough quality check in terms of facts, quality, and language. In addition, all questions have been trialled and analysed using statistical methods. This is done by including yet not approved questions from each section, the answers to which will not have an effect on the final result. The candidates’ answers to these 10 questions in total will therefore not be included in the final score, but will be stored for statistical analysis. The examinees are not in a position to form an opinion on which questions are standard and which are being trialled.
To pass the licensing examination a candidate is required to have an overall score of at least 70% correct answers.
SwedSec offers the possibility to take the test in English on paper at our premises in Stockholm. For more information, please contact our office: 08-56 26 07 10 or firstname.lastname@example.org.