Pasaran Kewangan Malaysia Certificate (PKMC)
What is Pasaran Kewangan Malaysia Certificate (PKMC)?
The Pasaran Kewangan Malaysia Certificate (Certification) is a professional requirement established by ACI-Financial Markets Association of Malaysia (ACI-FMAM) for dealers and brokers employed in licensed financial institutions and money broking firms. The Certification aims to ensure that the Malaysian financial markets possess competent and proficient practitioners with the highest standards of professionalism and integrity. This is imperative to ensure that the industry grows in an orderly manner.
This Certification is specifically designed for financial market practitioners (Provisional members, Provisional Broker members and Affiliate members of ACI-FMAM). It is jointly awarded by ACI-FMAM and the Asian Institute of Chartered Bankers (AICB).
*The revised PKMC Certification will take effect from July 2018 Examinations
The course of study comprises four modules:
| Module I | The Regulatory Framework and Structure of the Malaysian Financial Markets |
| Module II | The Money Market |
| Module III | The Foreign Exchange Market |
| Module IV | Risk Management and Basic Derivatives |
Programme Fees
| Module | 2019 Induction Seminar Fees* (RM) (Inclusive of 6% Service Tax) |
Exam Fees** (RM) (Inclusive of 6% Service Tax) |
Exam Re-sit Fees**(RM) (Inclusive of 6% Service Tax) |
|
| Module I | The Regulatory Framework and Structure of the Malaysian Financial Markets | 674.16 | 349.80 | 349.80 |
| Module II | The Money Market | 1,235.96 | 349.80 | 349.80 |
| Module III | The Foreign Exchange Market | 1,235.96 | 349.80 | 349.80 |
| Module IV | Risk Management and Basic Derivatives | 1,235.96 | 349.80 | 349.80 |
*Fees payable to Asian Banking School Sdn Bhd
**Fees payable to Asian Institute of Chartered Bankers
Enrolment
The new process of enrolment into the PKMC qualification, registration of seminar / workshop and registration of examination is illustrated below:-
| Step 1: | Candidate applies for PKMC qualification via AICB website |
| Step 2: | Candidate registers for workshop via Asian Banking School (ABS) website |
| Step 3: | Candidate attends the workshop at ABS |
| Step 4: | After attending workshop, candidate login to their student account at Student Portal to register for exam (Candidate will receive email confirmation upon successful registration) |
| Step 5: | Candidate attends the exam at the designated venue (Upon receiving exam notice from AICB) |
Important Note: Before registering for seminar / workshop, kindly make sure user already has a valid FMAM (PPKM) membership number.
Additional information on PKMC enrolment:
(a) Candidates are required to be current Provisional members, Provisional Broker members or Affiliate members of ACI-FMAM and must comply with any other requirements stipulated by ACI-FMAM.
(b) A candidate is not required to be a member of AICB to enrol for these regulatory qualifications.
(c) Please refer to ACI-FMAM website at www.ppkm.net for further details of eligibility requirements for PKMC.
Pasaran Kewangan Malaysia Certificate (PKMC)
(a) Assessment Structure
| Module I | One 2-½ hour examination paper consisting of 100 independent multiple- choice questions. Module I must be attempted at the first sitting. If a candidate fails to pass Module I at the first sitting, Module I must be included as one of the papers to be examined in the subsequent examination sitting(s). |
| Modules II – IV | For each module, one 2-½ hour examination paper consisting of 60 independent multiple-choice questions and 20 case-based multiple choice questions. |
Module I
| Question Format | Independent multiple-choice questions |
| No. of Questions | 100 |
| Duration of Exam | 2-½ hours |
| Pass Mark | 75% |
| Examination Type | Closed book. Question paper is collected and returned to AICB after the examination. |
| Condition | Module I must be attempted at the first sitting. If a candidate fails to pass Module I at the first sitting, Module I must be included as one of the papers to be examined in the subsequent examination sitting(s). |
Module II – IV
| Question Format | Multiple-choice questions |
| No. of Questions | 60 independent multiple choice questions and 20 case-based multiple-choice questions |
| Duration of Exam | 2-½ hours |
| Pass Mark | 75% |
| Examination Type | Closed book. Question paper is collected and returned to AICB after the examination. |
(b) Grade Bands
Results will be expressed in grade bands as follows:
| Grade Band | Marks |
| Pass | 75% and above |
| Fail 1 | 65%-74% |
| Fail 2 | 50%-64% |
| Fail 3 | 30%-49% |
| Fail 4 | 29% and below |
(c) Time Limit
A candidate must pass all four modules within six consecutive examination sittings (1 exam cycle) failing which the passes gained in the exam cycle will be nullified. The candidate will then be required to immediately start a new exam cycle without any lapse.
(d) Award Requirements
Candidates must pass all four module examinations within the time limit of six consecutive sittings to be awarded the Pasaran Kewangan Malaysia Certificate.
(e) Award Categories
a) A Certificate with Distinction will be awarded to any candidate who passes all four modules at the first attempt of the examinations (within the first validity cycle) with a minimum score of 85% for each module.
b) A Certificate with Pass will be awarded to any candidate who passes all four modules and falls outside the Distinction category.
(f) Prizes for Outstanding Performance
a) In each year, a prize will be awarded for each module to the candidate who achieves the highest mark in the module at his/her first examination attempt and the mark must be 90% or above. If more than one candidate achieves the same mark, each candidate is eligible for the prize.
b) In each year, a prize will be awarded to the candidate who completes the PKMC examinations in one and the first attempt and achieves the highest aggregate mark for all the modules with a minimum of 90% for each of the modules. If more than one candidate achieves the same mark, each candidate is eligible for the prize.
c) The prizes are sponsored by ACI-FMAM. The monetary value of the prizes is:
| Module prize | RM2,000 |
| Best overall performance prize | RM2,000 |
| EXAM ACTIVITY SCHEDULE 2019 | EXAM SITTING | ||
| MARCH 2019 | |||
| Application Submission Closing Date (New Applicant)* | 9 Nov 2018 (Friday) | ||
| Workshop Registration Closing Date at ABS | 23 Nov 2018 (Friday) | ||
| Workshop Dates at ABS | Module I 28 – 29 Nov 2018 3 – 4 Jan 2019 Module II 3 – 6 Dec 2018 Module III 14 – 17 Jan 2019 Module IV 10 – 13 Dec 2018 |
||
| Last Day to Register for Exam (with Payment / LND Approval) | 25 Jan 2019 (Friday) | ||
| Exam Date (Modules I & II) | 23 Mar 2019 (Saturday) | ||
| Exam Date (Modules III & IV) | 30 Mar 2019 (Saturday) | ||
| Exam Time | Module I 9.30 a.m. – 12.00 p.m. Module II 2.00 p.m. – 4.30 p.m. Module III 9.30 a.m. – 12.00 p.m. Module IV 2.00 p.m. – 4.30 p.m. |
||
| Exam Result Release | 3 May 2019 (Friday) | ||
| Exam Centre | KL | ||
| EXAM ACTIVITY SCHEDULE 2019 | EXAM SITTING | ||
| JULY 2019 | NOVEMBER 2019 |
||
| Application Submission Closing Date (New Applicant)* | 8 Mar 2019 (Friday) | 19 Jul 2019 (Friday) | |
| Exam Closing Dates or Payment/LND Approval Closing Date | 21 Jun 2019 (Friday) Module I & II 5 Jul 2019 (Friday) Module III & IV |
20 Sep 2019 (Friday) | |
| Workshop Dates at ABS | 27 – 28 May 2019 Module I 11 – 14 Jun 2019 Module II 17 – 20 Jun 2019 Module III 25 – 28 Jun 2019 Module IV |
30 Sep – 1 Oct 2019 Module I 14 – 17 Oct 2019 Module II 7 – 10 Oct 2019 Module III 21 – 24 Oct 2019 Module IV |
|
| Exam Date (Modules I & II) | 6 Jul 2019 (Saturday) | 16 Nov 2019 (Sat) |
|
| Exam Date (Modules III & IV) | 20 Jul 2019 (Saturday) | 23 Nov 2019 (Sat) | |
| Exam Time | 9.30 a.m. – 12.00 p.m. Module I 2.00 p.m. – 4.30 p.m. Module II 9.30 a.m. – 12.00 p.m. Module III 2.00 p.m. – 4.30 p.m. Module IV |
||
| Exam Result Release | 30 Aug 2019 (Friday) | 10 Jan 2020 (Friday) | |
| Exam Centre | KL | ||
| Abbreviation Key: | |
| Module I – The Regulatory Framework and Structure of the Malaysian Financial MarketsPart A-I: The Code of Conduct Part A-II: The Model Code (The International Code of Conduct and Practice for the Financial Markets) Part B: Acts and Guidelines Part C: Financial Market Structure and Bank Negara Malaysia Policy Framework |
Module II – The Money Market Module III – The Foreign Exchange Market Module IV – Risk Management & Basic Derivatives |
Important Note:
* New candidates are required to complete their qualification enrolment with AICB before registering for an exam.
Disclaimer:
- AICB reserves the right to cancel, suspend, interrupt or reschedule any examination to another date and will not be liable for any claims, actions, costs, charges, expenses, damages, loss and liability due to the cancellation/deferment of these examinations.
- Training workshops for AICB qualifications are conducted by Asian Banking School (ABS). Candidates are required to check ABS’ website for the latest workshop dates at https://www.asianbankingschool.com/our-programmes/professional-qualifications.
- Candidates are required to complete their qualification enrolment with AICB before registering for training workshops with Asian Banking School (ABS), through ABS’ website: asianbankingschool.com. Terms and conditions apply.