Proficiency requirements for SwedSec’s licensing exam for management and control functions
Download the document (March 10, 2021)
Includes updates due to EU disclosure regulation (sustainability).
Structure and function of the proficiency requirements
The proficiency requirements are divided into sections (subject areas), subsections, and checkpoints. A checkpoint specifies what the licence holder is expected to master within a given, relatively small field of knowledge. Every single item in the licensing examination is directly linked to a checkpoint in this document.
The proficiency requirements are intended to function as a support when developing relevant syllabuses and also to serve as a basis when setting examination questions. In addition, they are designed to give an overview of what is expected of a licence holder. It is the task of each professional training provider to interpret the proficiency requirements and develop a relevant and instructive course based on such interpretation.
Structure of the proficiency requirements
The three sections (subject areas) included in the licensing examination are:
- Governance and internal control
- Financial economy, risks and capital adequacy
- Rules and regulations on the securities market
The licensing examination comprises 90 standard questions. All standard questions have undergone thorough quality control in terms of facts, quality, and language. In addition, all questions have been trialled and analysed using statistical methods. This is done by including 5 as yet unapproved questions from each section, the answers to which do not influence the final score. The candidates’ answers to these questions will therefore not be included in the final score, but rather will be stored for statistical analysis. The candidates are not in a position to determine which questions are standard and which are being trialled. The candidate thus answers a total of 105 questions, 90 of which determine the candidate’s score.
To pass the licensing examination, a candidate must 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 email@example.com.