Financial investment intermediaries certify expert examination

To obtain permission as a fee-based financial investment advisor, you must demonstrate the required expertise.

If you wish to broker financial assets on a commercial basis against commission from the issuer, you must prove your expertise in order to obtain the permit. You can do this by taking the examination in the IHK.

Depending on the product category, the test is divided into three areas:

  • Open financial investments
  • Closed financial assets
  • Investing assets

The exam consists of a written and a practical part. They must be filed one after the other. In the written part of the examination, you must prove the necessary legal and technical knowledge, for example with regard to consumer rights and technical terms. In the practical part, you need to conduct a simulated customer consultation.

You do not have to meet any formal requirements to register for the exam, but for a successful participation you should prepare yourself intensively in terms of content.

The competence test for financial investment intermediaries corresponds in content to the competence test for fee-based financial investment advisors. If you have completed vocational training or a degree in banking and finance, this may be recognised instead of the proficiency test

Official photo ID for identification during the examination

Related Links

  • Federal Office of Justice
  • Registration form according to the specifications of the IHK
  • Online procedure: no
  • Written form requirement: no
  • Personal appearance necessary: yes, for examination

Your competent authority will have the appropriate forms ready for you.

Preconditions

No special requirements

Hints

Freedom to provide services:

In the event of prior, written or electronic notification of a temporary occasional exercise of financial investment brokerage, nationals of a member state of the EU (EU citizens) or a state party to the Agreement on the European Economic Area (EEA citizens) can offer their services independently, provided that the legal requirements are met.

Detailed information can be found under the following link: Cross-border provision of services in a profession regulated by the Industrial Code

Establishment:

EU citizens and EEA citizens who want to establish themselves permanently in Germany as financial investment intermediaries must in principle go through the licensing procedure.

  • IQ Landesnetzwerk Rheinland-Pfalz

Related Links

  • § 34f paragraph 2 no. 4 of the Industrial Code (GewO)
  • § 1 Financial Investment Brokerage Ordinance (FinVermV)
  • Ordinance on Financial Investment Brokerage (Financial Investment Brokerage Ordinance - FinVermV)
  • State Ordinance on the Fees of the Authorities of the Economic Administration (Special List of Fees)

You can only take part in an exam after prior registration.

  • The Chamber of Industry and Commerce informs in good time before the examination about the details of the examination procedure, place and time
  • You first take part in the written examination
  • If you have passed the written exam, the practical exam will take place

After successful examination, you will receive a certificate of your expertise

Responsible for the content
MWVLW

Last update or date of publication
25.08.2021