Professional certification is a way to check and assess the professional qualification of certain individuals and entities to exercise certain professions.
In Portugal, and in accordance with the regime set out in CMVM Regulation no. 3/2010, individuals wishing to carry out the activity of financial analysis (financial analysts) and investment consultancy (investment consultants) must have a diploma issued by a certifying body of internationally recognized prestige.
Internationally recognized certifying entities are, namely, the European Federation of Financial Analysts Societies (EFFAS) or the Association of Certified International Investment Analysts (ACIIA).
APAF is a member of EFFAS.
So, if you want to obtain your Certificate for the professional practice of the profession of financial analyst or investment consultant, contact APAF and find out.
APAF is the only entity in Portugal authorized to grant the CEFA Certificate.
The CEFA Diploma – Certified European Financial Analyst – is awarded to all those who successfully complete postgraduate programs in Financial Analysis duly recognized by EFFAS and whose national responsibility is the APAF.
If you already hold a Certificate for one of the previously mentioned Graduate Studies, please complete the form available for download below and send it to apaf@apaf.org.pt.
For the issuance of the international diploma, a fee will be paid directly to APAF, the current cost of which is €200.00 (two hundred euros).
This amount can be paid by bank transfer to the IBAN corresponding to the APAF account, which is the PT50 0018 000009374841001 82 /Santander.
Please make payment with notification to our email (apaf@apaf.org.pt).
Your CEFA Diplom will be requested from EFFAS and within approximately 15 days it will be sent to your email address.
The creation of this Postgraduate course is the result of a joint initiative of the Instituto Superior de Economia e Gestão (ISEG), the Associação Portuguesa de Analistas Financeiros (APAF) and the Instituto Português dos Executivos Financeiros (IPEF).
Participants who successfully complete the Postgraduate course receive the "European Financial Analyst" diploma awarded by EFFAS (European Federation of Financial Analysts Societies), through APAF.
Given the legal requirements for access to the profession of independent investment consultant, the CMVM – Comissão do Mercado de Valores Mobiliários, requires certain training and technical capacity requirements, and the postgraduates consulted by APAF consider that the level of knowledge transmitted in the postgraduate course is adequate for this purpose.
Please note that the exercise of the function of independent investment consultant is subject to verification of compliance with legal requirements (under Article 301/2 of the Securities Code), in particular with regard to the requirement of the candidate's professional experience, which is analyzed globally, taking into account the academic and training dimensions and professional experience of the candidates.
After completing this course, obtaining the Certificate has an additional cost of €200, payable to APAF.
Porto Business School, in collaboration with the Associação Portuguesa de Analistas Financeiros (APAF), launched the 15th edition of the Postgraduate Course in Financial Analysis, starting in February 2017.
The course is aimed at professionals from financial and non-financial companies, as well as recent graduates who wish to obtain advanced training in subjects related to financial analysis, investments, and financial risk analysis and management.
Participants who successfully complete the Postgraduate Course receive the "European Financial Analyst" diploma awarded by EFFAS (European Federation of Financial Analysts Societies), through APAF.
Please note that the practice of independent investment consulting is subject to verification of compliance with legal requirements (under Article 301/2 of the Securities Code), particularly with regard to the candidate's professional experience, which is assessed globally, taking into account the academic and training dimensions and professional experience of the candidates.
Given the legal requirements for access to the profession, the CMVM – Comissão do Mercado de Valores Mobiliários – normally requires certain training and technical capacity requirements, and the postgraduate experts consulted consider that the knowledge transmitted in this postgraduate course is essential for this purpose.
Upon completion of this course, obtaining the Certificate has an additional cost of €200, payable to APAF.