Membership Rules & Regulations

All members of the Chartered Institute for Securities & Investment must abide by the Royal Charter & Bye-laws, Regulations, and to uphold its high standards as published in its professional Code of Conduct and Membership Regulations. For information on the CISI's admission processes and rules, please read our Membership Admission Policy document, which covers all membership fee information, billing, lapsing and the reinstating processes. Please also read Annex 3 which forms part of the membership declaration.

Membership Integrity Requirements

All new CISI members are required to demonstrate their commitment to ethical behaviour by completing an online integrity test, IntegrityMatters. This enables members to demonstrate tangible evidence of their commitment to integrity. IntegrityMatters is not an examination but a test taken as part of an elearning tool.

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Chartered Wealth Manager Policy

This policy relates to the process for voting members to obtain and maintain Chartered Wealth Manager status.

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Individual Charter Policy

This policy relates to the process for Individual Chartered members to maintain their Chartered status.

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Members' Declaration

The CISI asks all of its members to make the following declaration when they apply or take up CISI membership:

  • I have not been adjudged bankrupt or insolvent or compounded with my creditors and I am not currently or have been subject to disciplinary procedures by the FCA, other regulator or any professional body within the past five years.
  • I apply to become a member of the Chartered Institute for Securities & Investment and agree to abide by the Royal Charter, Bye-laws, Regulations, and to uphold its high standards as published in its Professional Code of Conduct. Any breach of the Regulations may give rise to disciplinary procedures and termination of my membership.
  • I agree to maintain competence through CPD as outlined in Annex 3 of the Membership Regulations.
  • If not already achieved, I agree to pass IntegrityMatters within three months of joining to fulfill my commitment as a member of the CISI.
  • I know of no reason why I should not become a member.

How to complain about a member

Professionals within the securities and investment industry owe important duties to their clients, the market, the industry and society at large. Where these duties are set out in law, or in regulation, the professional must always comply with the requirements in an open and transparent manner.

Membership of the Chartered Institute for Securities & Investment (CISI) requires members to meet the standards set out within the Institute’s Principles. These Principles impose an obligation on members to act in a way beyond mere compliance and to support the underlying values of the Institute.

Material breach of the code of conduct would be incompatible with continuing membership of the CISI. and if you consider that someone whom you know or believe to be a member of the CISI, has acted in a professional capacity that you consider to be inappropriate or unprofessional, then we invite you to advise the Institute using the attached complaint form.

Please note that a complaint to the Institute is not a substitute for using a firm’s established complaint handling procedure, nor can it cover complainants seeking financial redress, in which case complaints should be referred to the Financial Ombudsman Service.

  CISI member complaints flowchart

  CISI member complaint form*

* Completed forms may be sent via email to principles@cisi.org or by mail to the CISI for the attention of the head of professional standards.

CISI Disciplinary Process

The CISI has an established disciplinary process to consider infractions by members of its membership regulations and Code of Conduct. Disciplinary action has recently been taken against five members.

Disciplinary action was taken against the following:

Md Mainuddin (student)
Mr Mainuddin was found to have falsified an exam result letter. He was expelled from the Institute.

Simon Stodart
Following notification that Mr Stodart had been dismissed from his job for gross misconduct, resulting in breaches of the CISI Code of conduct and membership regulations, he was invited to appear before a CISI Disciplinary Panel. The Disciplinary Panel found the case against Mr Stodart to be proven and determined that he should be permanently expelled from the Institute.

SPS Disciplinary Process

This policy relates to discipline in relation to the CISI’s SPS decisions, in accordance with the UK Regulator’s requirements.

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SPS Appeals Process

This policy relates to appeals in relation to the CISI’s SPS decisions, in accordance with the UK Regulator’s requirements.

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CFPTM

 CFPTM policy