Examination Details



The Singapore Foreign Exchange Market Committee ("SFEMC") introduced the Financial Markets Regulatory Practices (FMRP) Examination in June 2012 as the professional certification programme for all dealers and brokers engaged in wholesale dealing of over-the-counter (OTC) foreign exchange, money market instruments and derivative products in Singapore.

The FMRP Exam focuses on assessing dealers & brokers' understanding of wholesale dealing practices and market conduct based on the Singapore Guide to Conduct & Market Practices for Treasury Activities (commonly referred to as "The SFEMC Blue Book"), as well as relevant Singapore laws and regulations. The purpose of the FMRP is to ensure that all market participants have sufficient knowledge that would guide them to act in a way that best safeguards the soundness of the financial markets.


 Financial Markets Regulatory Practices (FMRP) Examination

Exam Syllabus:

  1. Introduction
  2. Ethics, Behavioural Standards and Professional Conduct
  3. Confidentiality and Information Sharing
  4. Governance, Risk Management and Compliance
  5. Execution and Handling of Orders
  6. Confirmation and Settlement
  7. Handling Market Disruptions
  8. Benchmark Rate Setting

Exam Format:

FormatDurationPass mark
100 MCQs (computer-based)2 hours 75%

The exam results will be displayed on the computer screens after the exam. Candidate can print their result slips from their IBF Portal account on the next working day.

Exam Fees (Inclusive of GST):

  • Corporate Members: $207.10
  • Non-Members: $250.70

Exam Schedule:

  • Please log in to the IBF Portal to simulate an exam registration to view all available examination sessions.


There are no exemptions for the FMRP Examination.