REVISION TO THE STF CREDIT UTILISATION GUIDELINES
A review of the Guidelines was undertaken in view of the transformation initiatives, which saw the repositioning of Asian Institute of Chartered Bankers and Asian Banking School.
The revised guidelines have been approved by AICB Council at the 198th Council meeting held on 27th August 2019 and has taken effect since. The revised guidelines set out the eligibility and restriction for utilisation of Credits as per Table 1 below:
|ENTITY||ELIGIBLE||NOT ELIGIBLE||EFFECTIVE DATE|
|AICB||All qualifications awarded by AICB or jointly awarded with another professional body.
Fee claimable covers exam sitting, online resources, study text and all other charges directly attributable to the qualifications.
Exam fee includes first and subsequent sittings subject to the respective qualification’s limitation.
Conferences organized by AICB or in collaboration with other strategic partners.
Expenses Claimable include trainers’ fee, food and beverages, and venue costs directly attributable to the programme.
Membership fee for individual members and corporate members.
|Participant’s airfare, ground transport & accommodation
|ABS||All programmes offered by ABS or in collaboration with other strategic partners.
Claimable fee covers trainers’ costs, food and beverages and venue costs directly related to the programme.
|Participant’s airfare, ground transport & accommodation.
Customised programmes developed by ABS subject to approval by the AICB Council on a case-to-case basis.
|FSTEP||3-month STF fully sponsored programmes conducted by ABS.||Salary or allowance of FSTEP students are to be borne by the banks..||1/1/2017|
|ICLIF / SIDC||All programmes under the collaboration agreement dated 16 July 2019 (Collaborative Programmes), subject to AICB’s approval and must be marketed as jointly organised by AICB and ICLIF.
Claimable expenses include trainers’ fee, food and beverages, and venue costs directly attributable to the programme.
Utilisation of STF Credit for Collaborative Programmes is subject to a cap of RM200,000 per bank per year.
|Participant’s airfare, ground transport & accommodation unless it is an integral part of the collaborative programme fee as agreed by AICB and ICLIF.||16/7/2019|
|Table 1: STF Credit Entitlement|