After passing the examination of subject 1 and subject 2, you can apply to the fund industry association for the qualification of registered fund within four years through your institution. So I said one can be kept for four years. However, those who have not applied for the qualification of registered funds through institutions for more than four years need to re-take the qualification examination or make up the follow-up training hours specified in the last two years before registration.
The interval between the two exams should not be too long, because you can apply for fund qualification only after passing both exams. Personnel who have obtained the qualification for fund practice shall complete the follow-up training of 15 class hours every year in accordance with relevant regulations, and participate in the annual qualification inspection organized by the association through their institutions as required.
According to the provisions of People's Republic of China (PRC) Securities Investment Fund Law, Measures for the Administration of Securities Investment Fund Sales and other laws and regulations, personnel engaged in fund publicity, sales promotion, consulting and other businesses shall have professional qualifications.
In order to improve the professional level and quality of fund practitioners, China Securities Association will hold the qualification examination for fund practitioners from September 2008. People usually refer to funds mainly as securities investment funds.
China Securities Industry Association certifies the professional level of those who have obtained professional qualifications. Through the foundation plus two professional subjects to obtain a first-class certificate, through five subjects to obtain a second-class certificate.
Fund sales is one of the main business links of fund management, and its standardized operation is an important guarantee for expanding the scale of funds and protecting the interests of investors. With the rapid development of China's securities investment fund industry, the fund sales channels have been continuously expanded and deepened, and the number of people engaged in fund sales business has increased rapidly.