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 OTC foreign exchange, money market instruments and derivative products in Singapore.  The programme is endorsed by the Monetary Authority of Singapore, the Association of Banks in Singapore (ABS), the Singapore Money Brokers Association and ACI Singapore - The Financial Markets Association.

 

The FMRP focuses on assessing the dealers/broker's 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 market.

The FMRP exam is applicable for all persons in the wholesale and over the counter (OTC) financial markets.

  • - Overview
  • - Ethics & Behavioural Standards
  • - Risk Management Principles
  • - General Dealing Principles & Market Conduct
  • - Back Office Practices
  • - Handling Market Disruptions
  • - Foreign Exchange / Non-Deliverables Forwards Dealing
  • - Debt Securities Dealing Practices
  • - Money Market Dealing Practices
  • - OTC Derivatives Dealing Practices
  • - Other Market Instruments
  • - Broking and Brokerage
  • - 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 are $130 per examination sitting.

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.

Register now

Contact

​If you need further assis​tance, please email us at exams@ibf.org.sg.