Investment Advice Diploma

EQF Level 5

This Diploma has been developed to provide employees advising and/or dealing in Securities or Derivatives, advising on Packaged products and/or Managing Investments with the knowledge and skills required for their job roles. 

The Diploma is the CISI's new qualification specifically developed to comply with the new examination standards of the RDR (UK). The course programme is composed of three units, each consisting of a 2-hour exam of 80MCQs. Each exam (except the Private Client Advice) can be taken electronically at a local computer-based centre. Candidates receive their results upon completion of their exam. Exams for the Private Client Advice unit are held twice a year in June and December. The closing date for the June exam is the first week of May. The closing date for the December exam is mid-October. The Private Client Advice unit is assessed by written exam with results issued approximately 10 weeks after the examination. There are no entry requirements through it is recommended that students must have successfully completed a similar technical course at Certificate level (e.g. CeFA) if new to the area. 


The ifs Malta structured recommended path of Technical courses on Financial Advice is:

CeFA (EQF Level 4) - for juniors, new entrants to the investment and advice sector
DipIA (EQF Level 5) - holds at least a minimum of one or two years of relevant work experience 
CWM (EQF Level 7) - on completion of the DipIA or holder of CeFA with at least a minimum of one or two years of relevant work experience


REGULATORY UNIT (compulsory) - UK Regulation and Professional Integrity
CORE UNIT (compulsory) - Investment, Risk and Taxation
TECHNICAL UNIT (one of the following) - Securities (or) Derivatives (or) Private Client Advice

ifs Malta once per year offers registration towards 80 hours of class-room based tuitions. Please be guided with the following information:

FSA Regulation & Professional Integrity - 24 hours
Investment, Risk & Taxation - 30 hours
Securities - 26 hours

(tuitions for Derivatives and Private Client Advice are not supported)

Awarding Body:

Chartered Institute for Securities & Investments

Study Hours:

140 hrs per Unit (PCA = 180 hours)


2-hour exam, consisting of 80 MCQ per unit (PCA by written exam)

Additional Info:



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It is licensed to deliver and award further and higher education programmes
by the National Commission for Further and Higher Education (NCFHE) bearing license No. 2013-FHI-017

Institute of Financial Services – Malta, 60, G’Mangia Hill, Pieta’ PTA 1316
T: 21 240 335 E:

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