Membership

The Bulgarian CFA Society (BCFAS ) was established in November 2000. Since then the organization has gradually grown its membership base. By now it has 43 members and this number increases constantly. More detailed information about BCFAS members’ profile including a breakdown by industry and title you can find here. Bulgarian CFA Society (BCFAS ) has been approved as the 123-rd Chapter of the Chartered Financial Analysts Institute, CFAI in Apr. 2003.

Becoming a Regular Member

Each applicant seeking to become a Regular Member of the Bulgarian CFA Society shall be a Regular Member of CFA Institute and shall fulfill such other requirements as BCFAS may impose consistent with the requirements established by CFA Institute. Regular Мembership due for the society is US$ 30.00 annually.

Please, contact our Membership Chair for more information by sending an e-mail at: membership@bgafa.com.

Requirements for Becoming an Affiliate Member

Each applicant seeking to become an Affiliate Member of the Society shall:

• sign and submit an CFA Institute Member's Agreement, an CFA Institute Professional Conduct Statement, and any additional documentation requested by CFA Institute;
  
• hold a bachelor's degree from an accredited academic institution or have equivalent education;
  
• have one year of relevant investment experience;
  
• fulfill such other requirements as the Society may impose consistent with requirements established by CFA Institute;
  
• be accepted by CFA Institute as an Affiliate Member.
  
  

Sponsor requirements

One CFA Charterholder and the applicant’s supervisor, one of which must be a Мember of the Society. If the supervisor requirement cannot be met because the applicant is the principal of the firm, a student, retired, self-employed, or if providing a supervisor sponsor places the applicant in a difficult professional position, then an additional sponsorship by a Regular Member of CFA Institute is required.

Review of Applications for Membership

The Board shall have the right to review all applications for Мembership in the Bulgarian CFA Society . In the event of disagreement concerning administration of Regular Мembership requirements, the Society shall have the right to appeal to the CFA Institute Board of Governors. The Board of Governors, or a designated committee thereof, shall have the authority to make final determinations on the application of Regular Мembership provisions.

Membership in CFA Institute

Each Regular Member of the Society is also a Regular Member of CFA Institute. Each Affiliate Member of the Society is also an Affiliate Member of CFA Institute.

Maintaining Membership Status

To continue being a Member, each such individual shall:

• adhere to all applicable rules and regulations, including the Society Bylaws, the CFA Institute Articles & Bylaws, the Code & Standards, and other rules relating to professional conduct;
  
• annually file a Professional Conduct Statement, unless excused as a recognized "Retired" Member (see below);
  
• pay membership dues.
  

Retired Members

To qualify to become a "Retired" Member of the Society, each such individual shall:

• at the time of application for retired status, be a Member of the Society;
  
• have been a Member of CFA Institute for five years;
  
• no longer be substantially engaged in the Investment Decision-Making Process for compensation;
  
• agree to the following: to notify CFA Institute if retirement status changes, to be listed as "Retired" in the CFA Institute Membership Directory and to waive the right to be guaranteed a transfer of Membership to another society.