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FINANCIAL MARKETS ASSOCIATION OF MALAYSIA (FMAM) PROGRAMMES

A. Assessment Structure

Investor Protection Professional Certification (IPPC)

Click here to view the assessment structure.

Pasaran Kewangan Malaysia Certificate (PKMC)

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INVESTOR PROTECTION PROFESSIONAL CERTIFICATION (IPPC)

a. Examination Format

Question Format

Independent multiple-choice questions (MCQs)

No. of Questions

80

Examination Duration

2 hours

Passing Mark

70%

Examination Delivery

Closed book. Online examination

b. Grade Bands

Results will be expressed in the following grade bands:

Grade Band

Marks (%)

Pass

70 – 100

Fail 1

60 – 69

Fail 2

40 – 59

Fail 3

20 – 39

Fail 4

0 – 19

c. Four study areas will be assessed

Section 1 – Market Structure
Section 2 – Law & Regulations
Section 3 – Know-Your-Client and Financial Needs Analysis
Section 4 – Products

d. Time Limit

Candidates are given two (2) years upon enrolment to complete the IPPC programme (effective 1 March 2024).

Pasaran Kewangan Malaysia Certificate (PKMC)

a. Examination Format

Module IModule II–IV
Question FormatIndependent multiple-choice questions (MCQs)Part A: Independent MCQs
Part B: Case-based MCQs
No. of Questions100 MCQs (1 mark for each question)Part A: 60 independent MCQs
(1 mark for each question)
Part B: 20 case-based MCQs
(2 marks for each question)
Examination Duration2½ hours
Passing Mark75%
Examination DeliveryClosed book. Online examination

b. Grade Bands

Results will be expressed in the following grade bands:

Grade BandMarks (%)
Pass75 and above
Fail 165 – 74
Fail 250 – 64
Fail 330 – 49
Fail 429 and below

c. Time Limit

Candidates are required to pass all 4 modules within 2 years of admission as a member of PPKM, failing which their memberships will be terminated by PPKM and any module passes gained will be nullified.

d. Award Requirements

Candidates are required to complete all 4 modules within the 2-year time limit to be awarded the Pasaran Kewangan Malaysia Certificate.

e. Award Categories

  1. A Certificate with Distinction will be awarded to candidates who pass all four modules on their first attempt at the examinations (within the first validity cycle) with a minimum score of 85% for each module.
  2. A Certificate with Pass will be awarded to candidates who pass all four modules but fall outside the category of Distinction.

f. Prizes for Outstanding Performance

  1. Each year, a prize for each module will be awarded to the candidate who achieves the highest mark in the module on the first examination attempt, where the mark achieved must be 90% or above. If more than one candidate achieves the same mark, each candidate is eligible for the prize.
  2. Each year, a prize will be awarded to the candidate who completes the PKMC examinations in one and on 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.
  3. The prizes are sponsored by ACI-FMAM. The monetary value of the prizes is:

Module prize

RM2,000

Excellence Award

RM2,000

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