Introduction
The Registered Stockbroker scheme arises following agreement between the Irish Stock Exchange and its member firms to transfer the previous Registerd Person scheme operated by the Exchange (which covered both Registered Represntatives and Registered Stockbrokers) to the Institute of Bankers effective from 1 January 2009. Under the new Registered Stockbrokers scheme the designation 'Registered Representative' no longer applies.

Registered Persons, i.e. Registered Representatives and Registered Stockborkers who transferred from the Exchange, and, from 1 January 2009, those who complete the Professional Certificate in Stockbroking are eligible to join the scheme, subject to agreeing to comply with the CPD requirements.

In addition, such members who also meet the designation criteria (see below) are entitled to use the designation 'Registered Stockbroker' and will be listed in the publically available
Register of Registered Stockbrokers along with the company name.

Members who fully comply with this Continuing Professional Developement (CPD) scheme will also meet their CPD obligations under Minimum Competency Requirements issued by the Financial Regulator effective since 1 January 2007 (www.financialregulator.ie)

To this end the Institute of Bankers now offers members a comprehensive and cost-effective CPD programme to fulfil their CPD requirements including:

in-company training courses, external courses etc. for further information click on the events link on the left hand side of the screen.

Designation Criteria
For a member of the scheme to be eligible to use the 'Registered Stockbroker' designation and be listed in the Online Register of Registered Stokbrokers they must be working in at least one of the following:

(i) a member firm of the Irish Srock Exchange, or

(ii) an investment firm/credit institution authorised by a competent authority in the EU to carry out investment services as defined by MiFID or otherwise satisfy the Stockbroking Advisory Board that they are employed by a financial services provider which is appropriately regulated and be working in a role which involves one more of the following activities:

(a) the execution of orders on behalf of clients,
(b) dealing on the firm's own account,
(c) the management of investment portfolios, including pension portfolios,
(d) the provision of investment advice in relation to financial instruments,
(e) the production of investment research and financial analysis in relation to financial instruments.

and, from 1 January 2009, those who qualify with the ISE Certificate in Stockbroking/Professional Certificate in Stockbroking must complete the Certificate within the time frame specified by the Stockbroking Advisory Board (within two years from date of first examination sitting).

Click RS CPD Member CPD Guidelines & Regulations 2010 for a copy of the RS CPD Member CPD Guidelines & Regulations booklet for 2010.

Click here to view the Register of Registered Stockbrokers