I GENERAL PROVISIONS

　　Article 1 Objectives

　　The objectives of these Rules and Regulations (hereinafter “The Rules”) are to stipulate all details of the administrative organisation, structure and procedures of the advanced professional examinations for the Certified International Investment Analyst (CIIA®) established by the Memorandum and Articles of Association of The Association of Certified International Investment Analysts (ACIIA®).

　　Article 2 Establishment of the Examinations

　　Advanced professional examinations for the Certified International Investment Analyst are organised by ACIIA® under the responsibility of the Asian Securities Analysts Federation, the European Federation of Financial Analysts Societies, the Brazilian Association of Investment Analysts and their national/regional associations or federations of such associations and other associations that may join from time to time to confirm that candidates have the knowledge and skills necessary to perform competently as international investment analysts.

　　Article 3 Amendment

　　Any amendment to these Rules shall be proposed by the Council of ACIIA® or a Member of ACIIA® and approved at a General Meeting by a simple majority of votes unless otherwise specified.

　　Article 4 Definitions

　　For purposes of these Rules, the terms below are defined as indicated.

　　investment analyst: A professional who is primarily engaged in:

　　(a) the analysis and evaluation of individual securities and other assets; and/or

　　(b) the application of such analysis and evaluation to portfolio management and investment advice.

　　In this regard, investment analyst includes securities analyst, financial analyst, portfolio manager, investment advisor, etc.

　　National/Regional association: Member of ACIIA® which contracts with it to provide candidates for the examinations (Contracting Member of ACIIA®).

　　Common Knowledge Base: (CKB) The overall and comprehensive knowledge base which is broken down into pre-candidate, candidate, and post-candidate levels, and with which investment analysts should be familiar at their particular level.

　　Examination Syllabus: Topics and sub-topics to be studied for the advanced professional examinations and which cover a large portion of the CKB at the candidate level.

　　IEC: The International Examinations Committee.

　　CIE: The Centre for the International Examinations