Financial Markets Regulatory Practices (FMRP) Examination

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.

Useful Links

​• FI Admin User Guide - Info on Learn@IBF for FI Administrators of the FMRP NEC

​• Temporary Arrangements Regarding Financial Markets Regulatory Practices (FMRP) Examination in view of COVID-19 Pandemic

  • - Introduction
  • - Ethics, Behavioural Standards and Professional Conduct
  • - Confidentiality and Information Sharing
  • - Goverance, 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%

The exam results will be displayed on the computer screens after the exam. Printed result slips will not be issued.

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

There is no exemption for the FMRP Examination.

Register now


If you need further assistance, please email us at