1. Presentation to the Compliance Forum 20 th March 2002 Paul Taylor – Advancer Sales Manager

2. AGENDAAGENDA Post N2 Who needs to take SI Certificates? What is Advancer? Advancer Presentation Demonstration Questions / Discussion

3. SI Certificate Exams – Post N2 SFA Registered Persons Exams – Pre N2 SI Regulatory PaperUK Regulatory Module *Certificate in SecuritiesSecurities Representative *Certificate in DerivativesFutures & Options Representative *Certificate in Securities & Financial Derivatives Securities & Financial Derivatives * These courses include the Regulatory Paper N2 EXAMINATION CHANGES

4. Who needs to take SI Certificates? Bonds / Fixed InterestCertificate in Securities Commodities Futures Broking Certificate in Derivatives Corporate FinanceCertificate in Corporate Finance CustodyCertificate in Securities Derivatives BrokingCertificate in Derivatives Discretionary Portfolio Management (DPM) Certificate in Securities Institutional Sales (Advice)Certificate in Securities Research AnalystCertificate in Securities OCCUPATION REGULATORY EXAMINATION

5. The fast and effective course for Securities Institute Certificate Exams

6. Pre N2 Securities Institute was the only examiner for the SFA Exams Other companies offered the training Anticipating change with N2, SI developed Advancer Training Solution A ‘blended approach’ with e-Learning as one component appeared to offer the best solution BACKGROUND TO ADVANCER

7. Blended learning for the Securities Institute Certificate examinations Accessible through both the web and company intranets The programme includes 3 components – Online, workbook and a classroom booster course WHAT IS ADVANCER?

8. E-LEARNING SIS WIDE LEARNING WIDE LEARNING

9. Online - workbook - course, A PERFECT COMBINATION

10. ADVANCER COURSES post N2 Securities Institute Regulatory Paper (Paper 1) SI Certificate in Securities – Paper 2 SI Certificate in Derivatives – Paper 2 SI Certificate in Securities & Financial Derivatives – Paper 2 SI Certificate in Securities – Paper 2 SI Certificate in Derivatives – Paper 2 SI Regulatory Paper – Paper 1 Employees engaged in advising on investments and dealing in Securities & Derivatives Employees engaged in advising on investments and dealing in Securities only Employees engaged in advising on investments and dealing in Derivatives only FSA Rule Reference Activities taken from the FSA Training & Competence Sourcebook

11. HOW ADVANCER WORKS study module on-line study module on-line study module in workbook study module in workbook attempt on-line test attempt on-line test pass hurdle exam pass hurdle exam classroom booster classroom booster Module Must achieve 60%, i.e. 30 out of 50

12. CERTIFICATE IN SECURITIES Regs 3x modules Regs 3x modules pass hurdle exam pass hurdle exam 2 day classroom booster 2 day classroom booster Securities 5x modules Securities 5x modules pass hurdle exam pass hurdle exam pass hurdle exam pass hurdle exam Securities 5x modules Securities 5x modules

13. Latest pass rate comparison

14. Saves up to 70% out-of-the-office time for candidatesSaves up to 70% out-of-the-office time for candidates Candidate progress can be monitored onlineCandidate progress can be monitored online Quicker than classroom courses, through flexibility of online & classroom instructionQuicker than classroom courses, through flexibility of online & classroom instruction Increases first time pass rates from 66% to 83%Increases first time pass rates from 66% to 83% BENEFITS

15. Managers have the facility to monitor how much time candidates have spent online Performance reports can be produced Booster course enables candidates to resolve elements of weakness MONITORING PERFORMANCE

16. UPDATING CONTENT Due to the many regulatory changes in the financial environment, the online component of Advancer ensures that students are kept up to date through regular course content updates.

17. The fast and effective approach to the Securities Institute Certificate ExaminationsThe fast and effective approach to the Securities Institute Certificate Examinations @home @ your own pace this is the future print-online-classroom, a perfect combination global reach @work Training for the Securities Institute Certificate Examinations

18. Advancer demonstration Training for the Securities Institute Certificate Examinations

19. For further information… visit: www.advancer.co.uk www.advancer.co.uk Or contact… Paul Taylor on 020 7645 0728

20. We look forward to working with the Compliance Forum and helping deliver your training needs over the forthcoming months. Thank you for your attention!