Chartered Accountants (CAs) in practice are prohibited from providing portfolio management services (see clause 1, part 1, schedule 1). However, portfolio management is a significant and valuable topic covered in one of the final subjects, AFM. It’s quite an unusual situation with the course!
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CA in practice can’t do portfolio management services (clause 1, part 1, schedule 1). But portfolio management is a very important and scoring topic in one of the final subjects, AFM
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It does seem a bit contradictory! On one hand, the CA qualification restricts certain activities like portfolio management to maintain professional standards and regulatory compliance. On the other hand, it’s crucial for future professionals to have a strong grasp of these concepts, especially since they’re part of the AFM curriculum. It highlights the importance of theoretical knowledge even for practices that may not fall within the legal scope of what a CA can do. This could also point to a broader need for practitioners to be well-versed in diverse financial topics to remain competitive and effective in a constantly evolving industry. It might be worth discussing with instructors or considering how this could impact your career path and educational focus. What are your thoughts on how this might affect your studies or future plans?