CIIA Program Fee: Rs.70, 000+ Vat & NDT

Notes:

1.

Validity: The enrolment in the CIIA Program is valid for two years.

2.

Magazines & Journals: The CIIA students are entitled to receive "Portfolio Manager" Magazine for a period of 12 months, from the date of enrollment.

3.

Examination Fee: The examination fee is Rs.400 for each National Level Exam which is to be paid by the students separately as and when they register for the examinations.

4.

Workshops: IEL organizes workshops for CIIA students at Colombo. These workshops are optional. These workshops will be organized subject to minimum number of students registering for the same. They are organized every quarter, one month before the examinations. The fee is Rs.5,000 (Sri Lankan rupees) per exam which is to be paid as and when they register for workshops.

5.

Workshops will be held solely at the discretion of the IEL, subject to a minimum number of students registering fot the same. In case IEL decides not to hold such workshops, the fee paid by the students towards such workshops will be refunded. The students will have no claim for refund of any other fee.

6.

Membership Fee: The amount of Rs.1,500 is payable towards membership in the CPMR (Colombo chapter) and it is mandatory.

7.

All students enrolled in the CIIA program are required to pay annual subscription, after one year from the date of enrollment. Currently, the annual subscription is Rs.1,300.

8.

All students registering in the respective programs are required to pay to the University the stipulated fee as per schedule. Wherever students have arrears of fee to be paid to the University, they may not be permitted to write the examinations or their examination result may not be released and their pass certificates may not be issued; further such students will be considered as inactive on the rolls of the University, and their names are liable to be removed from the records of the University.

9.

Students who are unable to complete the respective program within the validity period specified will be required to register denovo by paying in the required denovo fee.

10.

The fee schedule given above is subject to change from time to time. Students will be informed of the fee revisions, if any.

Legal Aspects

The prospective students are advised to read the following legal aspects and understand them clearly.

Enrolment Agreement : The "Application for Admission" is the Enrolment Agreement (hereinafter referred to as the Agreement) between the applicant and the IEL.

Entire Agreement : This Agreement constitutes and expresses the entire agreement and understanding between IEL and the students of IEL in reference to all matters herein referred to, all previous discussions, promises, representations, and understandings relative thereto, if any, had between the parties hereto, being herein merged.

Interpretation : The masculine, feminine or neuter gender and the singular or plural number shall be deemed to include the other gender or numbers where the context so indicates or requires. Unless otherwise expressly provided, references to days, months or years are to calendar days, months or years. Person or persons include individuals, partnerships, corporations, government agencies or other entities. Section headings are included for convenience only and are not to be used to construe or Interpret this Agreement.

No Third Party Beneficiaries : Enrolment of any student in the CIIA Program, shall not entitle any person (including, without limitation, members) to any rights as third party beneficiary.

No Obligation to Services, etc. : IEL has no obligation to render any services to the student members beyond period of validity after the date of enrolment. To clarify further, no obligation of IEL shall survive beyond period of validity after the date of enrolment.

Limitation of Liability : The liability of IEL towards the students is limited only to the extent of the fee paid by them. To clarify further, IEL shall not be liable to the students for punitive, exemplary, special, indirect, or consequential damages, including, without limitation, lost profits.

Assignment : The students of IEL cannot assign this Agreement nor any part thereof. IEL may, without necessity of the students' consent, assign its rights and obligations under this Agreement to a successor organization.

Force Majeure : IEL shall not be liable for delay or failure in performance of any of its obligations under the Agreement when such delay or failure arises from events or circumstances beyond the reasonable control of IEL (including, without limitation, acts of God, fire, flood, war, explosion, sabotage, terrorism, embargo, civil commotion, acts or omissions of any government entity, supplier delays, communications or power failure, equipment or software malfunction, or labor disputes).

Indemnity : A student of IEL agrees to indemnify, defend and hold IEL harmless from and against any and all loss, damage, liability and expense (including reasonable attorneys' fees and costs) arising out of any third party claim, action or proceeding based directly or indirectly on the acts of omission or commission by the member or his/her agents, the breach or all eged breach or failure to comply with any applicable laws or regulations, concerning the practice of profession of investment and portfolio management.

Applicable Law : The Agreement shall be deemed to have been made in Colombo, Sri Lanka and shall be construed and enforced in accordance with and the validity and performance hereof shall be governed by the laws of Sri Lanka without reference to principles of conflict of laws thereof. Judicial proceedings regarding any matter arising under the terms of the Agreement shall be brought in the relevant courts of Colombo, Sri Lanka.