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).

*Download New PKMC Brochure

*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 Workshop 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 636.00 349.80 349.80
Module II The Money Market 1,166.00 349.80 349.80
Module III The Foreign Exchange Market 1,166.00 349.80 349.80
Module IV Risk Management and Basic Derivatives 1,166.00 349.80 349.80

 

Enrolment


The new enrolment process, and registrations of seminars/workshops and examinations for the PKMC qualification is illustrated below:

 

Important Notes:

(a) A valid FMAM (PPKM) membership is mandatory to apply for this regulatory qualification.

(b) A candidate is not required to be a member of AICB to apply for this regulatory qualification.

(c) Existing candidates who wish to re-apply for the PKMC qualification are required to submit the manual application form
(click here to download).

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

QUALIFICATION ENROLMENT & EXAMINATION SCHEDULE FOR 2020
PASARAN KEWANGAN MALAYSIA CERTIFICATE

ACTIVITY EXAM SITTING
APRIL 2020 (RESCHEDULED TO JULY/AUGUST 2020) JULY/AUGUST
2020
NOVEMBER/DECEMBER
2020
Application Submission Closing Date for New Applicant 16 December 2019
(Monday)
2 March 2020
(Monday)
22 June 2020
(Monday)
Workshop Registration Closing Date 9 March 2020
(Monday)
6 July 2020
(Monday)
Exam Registration and Payment Closing Date /

L & D Sponsorship Approval Closing Date for New Candidate

17 February 2020
(Monday)
12 May 2020
(Tuesday)
7 September 2020
(Monday)
Exam Registration and Payment Closing Date /

L & D Sponsorship Approval Closing Date for RE-SIT Candidate

17 February 2020 (Monday) 15 June 2020
(Monday)
5 October 2020
(Monday)
Workshop Dates

 

Module I
8 – 9 January 2020 (G1)
(Wednesday – Thursday)

 

9 – 10 January 2020 (G2)
(Thursday – Friday)

Module II
13 – 16 January 2020
(Monday – Thursday)

 

Module III
20 – 23 January 2020
(Monday – Thursday)

 

Module IV
3 & 6 January 2020
(Friday & Monday)

Module I
20 – 21 July 2020 (G1)
(Monday – Tuesday)

 

21 – 22 July 2020 (G2)
(Tuesday – Wednesday)

Module II
4 – 7 August 2020
(Tuesday – Friday)

 

Module III
10 – 13 August 2020
(Monday – Thursday)

 

Module IV
24 – 27 August 2020
(Monday – Thursday)

Workshop Centre

Kuala Lumpur

Exam Date for Modules I and II 25 July 2020
(Saturday)
28 November 2020
(Saturday)
Exam Time

9.30 a.m. – 12.00 p.m.
Module I – The Regulatory Framework and Structure of the Malaysian Financial Markets

2.00 p.m. – 4.30 p.m.
Module II – The Money Market

Exam Date for Modules III and IV 8 August 2020
(Saturday)
5 December 2020
(Saturday)
Exam Time 

9.30 a.m. – 12.00 p.m.
Module III – The Foreign Exchange Market

2.00 p.m. – 4.30 p.m.
Module IV – Risk Management and Basic Derivatives

Exam Result Release Date 18 September 2020
(Friday)
15 January 2021
(Friday)
Exam Centre

Kuala Lumpur

 

Important Notes:

  1. AICB reserves the right to cancel, suspend, interrupt or reschedule any examination and will not be liable for any claims, actions, costs, charges, expenses, damages, losses and liabilities due to the cancellation/deferment of the examinations.
  2. Please adhere to the closing dates above to avoid any delays in enrolment or registration.
  3. In order to sit for an examination, workshop attendance is mandatory.