Financial Markets Regulatory Practices (FMRP) Examination

T​he Singapore Foreign Exchange Market Committee ("SFEMC") introduced the 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.

  • Exam Syllabus
  • Exam Format
  • Exam Fees
  • Exemptions

- Introduction
- Ethics, Behavioural Standards and Professional Conduct
- Confidentiality and Information Sharing
- Governance, Risk Management and Compliance
- Execution and Handling of Orders
- Confirmation and Settlement
- Handling Market Disruptions
- Benchmark Rate Setting                                                   

Format: 100 MCQs (computer-based)
Duration: 2 hours
Pass mark: 75%

Candidates will receive their results immediately upon completion.

  Fees before GST
  1st Attempt Subsequent Attempt
Corporate Members $150 $130
Non-Members $180 $160

The exemption of individuals who have passed the Examination of Treasury Activities between 1 Jul 2009 and 31 Jul 2012, and senior market professionals who have more than 10 years of total cumulative market experience as at 1 Sep 2012 from FMRP was a once-off exercise.

The deadline of FMRP exemption is over, and any individual who is subject to the FMRP certification will have to pass the FMRP Examination.

 

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