Bulgarian Investment Consultant Exam study plan

Map the full Bulgarian regulatory architecture: name the competent authorities, their statutory mandates and how supervision is split between prudential and conduct oversight.

Reconstruct the licensing, capital-adequacy and organisational requirements that apply to investment firms and their tied agents, writing them out from memory in a one-page diagram.

Distinguish the categories of regulated markets and multilateral trading facilities operating in Bulgaria and state which instruments may be admitted to each.

List the core market-abuse prohibitions and match each to a concrete example of prohibited conduct.

Draft ten original multiple-choice items on supervision and licensing, then verify each answer against the underlying rule.

Classify every major instrument type into the correct legal category and explain the consequences of that classification for distribution and disclosure.

Trace the full trade lifecycle from order capture to settlement, naming the intermediaries and the risks that arise at each stage.

Compute settlement-date and corporate-action adjustments for a set of worked examples.

Explain how benchmark rates, indices and reference obligations function in Bulgarian and European market practice.

Build a comparison table of instrument categories against their principal risks and typical investors.

Compare the payoff, cash-flow and risk profile of equities, bonds, collective investment schemes, derivatives and structured products.

Derive the fair value of a plain vanilla bond from discount factors and explain how price responds to a change in yield.

Apply at least two equity valuation approaches to the same company and reconcile the difference in outputs.

Explain how fees, dilution and tracking error erode returns in collective investment schemes.

Produce a one-page product profile for each major product family aimed at a retail client.

Compute expected return, variance and covariance for a small portfolio and plot the efficient frontier by hand.

Explain the assumptions and limitations of modern portfolio theory and of the capital asset pricing model.

Measure risk using volatility, duration, beta and value at risk, and state the failure mode of each measure.

Construct three model portfolios for distinct client risk profiles and justify every allocation decision.

Distinguish hedging, diversification and insurance as risk-transfer techniques with worked examples.

Re-derive the valuation formulas for bonds, equities and options without notes and check them against numerical examples.

Price a simple option using a binomial tree and explain how each input shifts the premium.

Compute portfolio value at risk under two different methods and reconcile the divergence.

Analyse a set of scenario shocks and quantify the impact on a mixed portfolio.

Identify the recurring exam traps in valuation and risk calculation items.

Apply the suitability and appropriateness tests to five written client scenarios and record the correct outcome for each.

Explain the disclosure obligations covering costs, inducements and conflicts at the point of sale.

Design a client onboarding file that satisfies know-your-customer and customer due-diligence requirements.

Identify red flags of money laundering in investment accounts and state the escalation steps and reporting duties.

Draft a compliant client fact-find and suitability letter for one scenario.

Compute the tax treatment of dividends, interest, capital gains and fund distributions for a resident individual across five worked examples.

Explain withholding mechanics, reporting duties and the interaction with cross-border income.

Resolve four ethics dilemmas by applying the professional standards and documenting the reasoning step by step.

Identify and mitigate the common conflicts of interest that arise in advisory and distribution roles.

Write a short personal conduct policy covering gifts, outside interests and order handling.

Sit two full-length timed mock examinations under exam conditions and record the score per domain.

Re-teach the three weakest domains from memory and close every knowledge gap identified in the mocks.

Build a one-page formula and rule summary sheet for final revision.

Rehearse the most error-prone calculation types until three consecutive correct answers are achieved.

Finalise an exam-day time-allocation and question-skipping strategy.