The Associate Turnaround Professional - Designate (ATP-D)

Please note that the information on this page is provisional until the certification programme has been officially established.

An ATP-D passed the ATP exams, but lacks the experience requirement of an ATP.

Minimum requirements

• A bachelor’s degree from an accredited university or a diploma from an university of technology or at least five (5) years of experience in executive or senior management, interim management, consulting, loan workout/restructuring, or in the legal or accounting professions or as a business rescue practitioner.
• No experience required.
• Successfully completed the written entry level ATP examinations in management, law and finance/accounting prepared and graded by the Academic Subcommittee.
• No attendance courses are required.
• After certification, complete at least 50 hours of continuing professional education during each two-year period, including two hours of ethics credit (see Certification maintenance).
• Provide recommendations from three professional peers of the candidate.
• No client references letters or case studies required.
• Reveal any pending disciplinary action or prior public discipline, any criminal conviction, any malpractice judgment or admission of malpractice and any refusal, denial or revocation of a license to practice or certification by another professional body.
• Agree to support and adhere to the Code of Ethics of the Turnaround Management Association.
• Payment of all required fees.

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Who are eligible to become Certified Turnaround Professionals?

In short, the answer is turnaround professionals from all disciplines that have passed the prescribed exams, in possession of a prescribed qualification, and with appropriate experience in their fields of the turnaround of companies suffering financial distress or in a financial crisis, including:

• Corporate turnaround managers and interim turnaround managers.
• Service providers to troubled companies and their financiers:
  • Turnaround practitioners and consultants.
  • Advisors including attorneys, accountants and financial advisors.
• business rescue practitioners in terms of Chapter 6 of the (future) Companies Act.
• Financiers of troubled companies:
  • Workout / restructuring executives of lenders e.g. banks and Development Fund Institutions.
  • Investment executives of institutional investors, venture capital and private equity investors, Development Fund Institutions, etc.