FSA trains capital market experts

Sanjeevi Jayasuriya

The Financial Services Academy (FSA) is in the process of helping the capital market industry to form a qualified group of capital market experts in the country.

The Academy released results of the third batch of its study programs last week and will enrol a new batch of students shortly.

These programs are conducted in Sinhala and English and will provide useful knowledge on the financial market, Financial Services Academy Director Dr. Harendra Dissa Bandara told the Daily News Business.

There are two study courses named Certificate in Capital Market and Registered Investment Advisors. Thirty one students have completed these courses.

The Certificate in Capital Market is the first qualification for the framework of capital market professionals in Sri Lanka.

The students have to study three modules such as equity security, debt security and securities regulations and ethics for over 26 weeks. The second qualification is the registered Investment Advisor also for capital market professionals.

The certificate holders in capital market can obtain the Registered Investment Advisor qualification by completing a six months internship training under the supervision of a qualified broker.

The study courses offered by the academy are important as the country’s capital market activities are expected to expand with the accelerated economic growth.

The peaceful environment will attract more investors to fuel growth in the capital market and it is important to produce professionals to derive benefits, he said.

The Financial Services Academy is the training arm of the Securities and Exchange Commission of Sri Lanka.