Editing Chartered Financial Analyst (section)

==== Spain ====
* Candidates who have passed Level 1 of the CFA Program are able to apply for the Certified Advisor (CAd) designation, a certification awarded by the CFA Society of Spain. CAd certification is recognized by Spain’s national securities regulator, the CNMV, as meeting the requirements of the European Union’s MiFID II directive for investment professionals who engage in any type of client advisory. Candidates must also pass the CAd test on Spanish and EU regulation, commit to the CFA Institute Code of Ethics and Standards of Professional Conduct, and be a local member of CFA Society Spain. CAd certification must be renewed every year by demonstrating 30 hours of continuous professional development (CPD) and reconfirming the observance of the code and standards.<ref>{{Cite web|title=Certified Advisor - CAd Program|url=https://www.cfasociety.org/spain/Pages/CAD.aspx|access-date=2021-01-20|website=www.cfasociety.org}}</ref>