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 Workshop Fee* (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 |
*Fees payable to Asian Banking School Sdn Bhd
**Fees payable to Asian Institute of Chartered Bankers
Enrolment
The new enrolment process for the PKMC qualification and registrations for seminars/workshops and examinations are illustrated below:
| Step 1: | Candidate applies for the PKMC qualification via the AICB website |
| Step 2: | Candidate registers for workshops via the Asian Banking School (ABS) website |
| Step 3: | Candidate attends the workshops at ABS |
| Step 4: | After attending the workshops, candidate logs in to their student account at Student Portal to register for examinations (candidate will receive an email confirmation upon successfully registering for the examination) |
| Step 5: | Candidate attends the examination at the designated venue (Upon receiving examination notice from AICB) |
Important Note: Before registering for seminars/workshops, kindly ensure that you already have 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 the ACI-FMAM website at www.ppkm.net for further details on 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 |
QUALIFICATION ENROLMENT & EXAMINATION SCHEDULE FOR 2020
Important Notes:
- 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 these examinations.
- Please adhere to the above closing dates to avoid any delays in enrolment or registration.