Advisory on IBF Examinations – IBF Assessment Centre

(1 December 2021)

Effective 6 December 2021, all IBF examinations will conducted at:

IBF Assessment Centre
20 Anson Road
20 Anson Building
Singapore 079912

Access to 20 Anson Building

All candidates are required to register at 20 Anson Building reception counter.  Please note that candidates must enter through the security barriers in order to reach IBF Assessment Centre on the 5th Floor.

Candidates would be allowed to enter the IBF Assessment Centre 15 minutes before the start of the examination. Candidates who arrive later than 15 minutes after the commencement of the examination will NOT be allowed to sit for the examination and will be graded “Absent”. If you are refused admission because you are late, your examination fees are non-refundable, non-deferrable, and non-transferrable.

Advisory on IBF Examinations - Safe Check in / Vaccinated approach

In line with the Singapore Ministry of Health's (MOH) advisory on the relaxation of COVID-19 rules dated 22 April 2022, IBF will cease the Vaccine Differentiated Safe Management Measure (VDS) for examination candidates with immediate effect.

Examination Candidates will no longer be required to provide proof of vaccination or take a Pre-Event Test (PET) before entering the examination venue. However, if the candidate is feeling unwell, we strongly encourage the candidate to seek medical attention to help keep the community safe and to prioritize their health and safety.  

If you need any further clarification or assistance, please email us at:

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

Dealers/brokers who engage in wholesale dealing of over-the-counter foreign exchange, money market instruments and derivative products are expected to pass the FMRP Examination within 6 months after joining a Market Participant. In view of the COVID-19 situation, the IBF (Institute of Banking and Finance) has suspended the administration of all examinations at its premises since 9 April 2020. 

To minimise business disruptions, SFEMC, in consultation with MAS, will grant dealers/brokers who are affected by the suspension of examination a longer window to fulfil the FMRP examination requirement.

IBF will re-commence FMRP examinations on 12 August 2020.  Any individual who is appointed as a dealer/trader between 9 October 2019 and 31 July 2020, both dates inclusive, will be given an extended period of up to 12 months from their date of appointment or until 31 January 2021, whichever is sooner, to pass the FMRP examination (“temporary relief measure”). Please see illustration below:

Date of appointment Original deadline to pass the FMRP examination Extended deadline to pass the FMRP examination
9 October 2019 8 April 2020 8 October 2020
1 November 2019 30 April 2020 31 October 2020
1 April 2020 30 September 2020 31 January 2021
1 May 2020 31 October 2020 31 January 2021
31 July 2020 31 January 2021 31 January 2021

Financial Institutions should monitor the completion of FMRP examination of their dealers/traders. Upon expiry of the extended deadline, the dealer/trader will be required to cease the conduct of regulated activities for which he/she has not passed the FMRP examination. 

Financial Institutions will still have to perform proper due diligence to ensure that a dealer/trader fulfils all other minimum entry requirements, the Financial Institutions’ internal recruitment criteria and are fit and proper to be appointed as dealer/trader.

In the event that the FMRP examination is again suspended due to the COVID-19 situation, the deadline to pass the examination may be further extended.