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January 2007
To: All CIIA® Holders of ACIIA Member Societies
The Security Analysts Association
of Japan (SAAJ)
CMA Program in Japan
New exemption scheme now available to CIIA holders
To enable those aiming at becoming investment and research
analysts, others in the broad investment community, and other
interested parties to acquire the necessary knowledge and analytical
skills, The Security Analysts Association of Japan (SAAJ) has been
offering CMA® (Chartered Member of the SAAJ) correspondence
courses and exams for almost thirty years since the first CMA exam
in 1978. CMA holders currently number over 20,900.
The CMA designation is highly evaluated and widely recognized
not only by the securities and financial industries but also by
manufacturers, research institutes, CPA firms, universities, etc. And,
since the activities of CMA holders have dramatically broadened in
recent years, even the CIIA holders of foreign ACIIA member
societies have found it very beneficial to earn the CMA for
conducting business in Japan.
Taking into consideration the above, SAAJ has decided to introduce
a new educational course and exam scheme (both available only in
Japanese) especially for CIIA holders (of other ACIIA member
societies) who intend to sit for CMA exams as follows:
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(1) Estimated period for obtaining the CMA designation
Due to the partial exemption described below, CIIA holders
could acquire the CMA designation in several months at the
shortest while it usually takes two years at minimum. And,
tuition is one-third of the regular fees.
(2) Syllabus
The scheme only covers areas recognized by the SAAJ as
national specific topic areas and/or the desired level of
knowledge relating to Japanese financial practices, markets,
regulations, and the economy, i.e., candidates are exempted from
regular CMA correspondence educational courses and exams
relating to common knowledge and skill requirements for the
CMA, which are reasonably c