The BFAA will support its members, companies and the wider public with the implementation of MiFID II (Markets in Financial Instruments Directive) and the IDD (Insurance Distribution Directive) and by contributing to the better quality of financial advisory services, through regulatory compliant, yet practical and comprehensive licensing.
In addition to efficient licensing, we will help monitor the status and the progress of your staff as well as offer relevant services for individuals. BFAA will publish workbooks to help license candidates prepare the exams.
Our services will be developed and enhanced over time. If you are an investment or an insurance professional and want to contribute to the activities of the BFAA, please fill out the contact form or just give us a call.
Tentative timeline for implementing the MiFID II and IDD Licensing System at BFAA
| Q3 2016 | Formation of the BFAA |
| Q3 2016 | Formation of the Review Board, the body responsible for the Syllabus for licenses |
| Q4 2016 | The Review Board will create the Syllabus for licenses |
| Q1-2 2017 | BFAA affiliated companies plan the preparatory training for licensing |
| Q3 2017 | Preparatory training will take place of the employees of the affiliated companies for successful licensing |
| Q4 2017 | Licensing will begin |