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.
The FMRP Examination will be updated based on key changes to the Blue Book, to include principles from the Foreign Exchange Global Code ("FX Global Code") and revised guidance on name disclosure, handling of client orders and recording of communications. Please refer to the
Blue Book FAQs for more information on changes to the Blue Book and applicability of the Blue Book.
The revised FMRP Study Guide and Exam will be launched on 31 May 2018 and 29 June 2018 respectively. Individuals may register for the revised FMRP Exam from 1 June 2018. The new examination fees of $150 (IBF Members) / $180 (Non Members) will apply to the revised FMRP Exam. For more information on the FMRP Exam and other administrative matters, please refer to the
FMRP FAQs and the IBF Exams Rules & Regulations.
Candidates will receive their results immediately upon completion.
Current fees (before GST): $130 per examination sitting
Revised fees (for exams commencing from 29 June 2018)
There is no exemption for the FMRP Examination.
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