The Bulgarian Association of Licensed Investment Firms (BALIF) together with the Bulgarian Association of Asset Management Companies (BAAMC) organize a Saturdays-Sundays training courses for candidates wishing to take exams before the Financial Supervision Commission (FSC) for the legal capacity of securities brokers and investment advisers.

The training will be held partially remotely and partially in person in the office of Karol AD, Sofia, 1 Zlatovrah Str., starting on Saturday, March 16, 2024, and ending on April 28, 2024. A mock exam is also optional, outside the format of the course, at an additional cost, to be held on May 11, 2024 and additional classes (exercises), as well as consultations can be conducted.

Course 2024 for brokers and investment consultants of BALIF and BAAMC will be held provided that 16 or more students are recruited.

One of the main goals is for future brokers and investment advisers is to be not only theoretically but also practically prepared for all aspects of their work, so that with their competence and skills to adequately meet market requirements, as well as with their professionalism to support the difficult task. of restoring investor confidence in the capital market.

There is already a tradition for the students of BALIP and BAUD to perform very well at the exams before the FSC, as the success rate varies from 80 to 100% in the different specialties.

Candidates who have successfully passed the broker exam before the examination commission appointed by the FSC will be able to enroll in practical training for working with Xetra ©, RTS and the trading rules, organized by the Bulgarian Stock Exchange AD (BSE). The candidates who have achieved highest scores at the exams will be awarded by the BSE.

The registration will be done against a signed contract and a fee paid by bank transfer, as detailed information about the bank accounts can be found on the websites of the two associations: and

The training will be conducted by the following lecturers:

– Prof. Dr. Stefan Petranov – Faculty of Economics, Sofia University “St. Kliment Ohridski ”(Sofia University)

– Ivan Dimitrov – Portfolio Manager, “KBC ASSET MANAGEMENT” HB – BRANCH;

– Georgi Malinov – Procurator of Elana Fund Management AD, member of the Management Board of BAAMC and Chairman of the Legal Committee of BAAMC;

– Vasil Valkov – Director Private Baking with Texim Bank JSC;

– Petar Radkov – Head of Risk Assessment and Analysis Department of the Bank Deposit Guarantee Fund (FGVB).