Wealth Management Legislations, Regulations & Industry Codes of Practice (Paper 1)

• - Overview of the Private Banking Business
• - Marketing Activities and Client Acquisition
• - KYC and Understanding Client's Needs
• - Developing Solutions and Advising Clients
• - Obtaining Client's Agreement and Implementation
• - Monitoring and Reviewing Client's Portfolios
• - Wealth Transfer and Succession Planning for Private Banking Clients

• Format: 80 MCQs (computer-based)
• Duration: 1.5 hours
• Pass mark: 75%

Candidates will receive their results immediately upon completion.

The exemption of Covered Persons (already working in Singapore) who possess at least 15 years of relevant financial services-related experience, as at the date of implementation of this Code i.e. 1 September 2011, from CACS is a once-off exercise.

The deadline of CACS exemption is over, and any individual who meets the definition of "Covered Persons" will have to pass the CACS assessment before he provides any financial advisory service to High Net Worth individuals on behalf of his Covered Entity.