On Apr. 14, 2025, MLY FIM provided an update regarding the migration to FCS, original go-live date of Apr. 15, 2025 has been deferred due to pending regulatory approvals.
New FCS launch is tentatively set for Apr. 29, 2025; all activities in existing FIS were completed on Apr. 11, 2025; planned shutdown of FIS will proceed as scheduled.
Blackout period is extended until Apr. 29, 2025 due to the FCS delay; revised schedule of activities is provided to ensure smooth transition, but it remains subject to change.
Distributors must whitelist FCS access credentials, complete user, data verification before launch; FCS will be accessible to users post-launch with further instructions.
Document dated Apr. 14, 2025, received from MLY FIM Apr. 17, summarized Apr. 21.
On Feb. 28, MLY FIM wrote to advise re FIMM Core System migration.
MLY FIM issued circular to notify about system migration to FIMM Core System (FCS).
FCS launch tentatively set for Apr. 15, 2025; operations shall be fully migrated to FCS on official launch; existing FIMM Integrated System (FIS) shall be decommissioned.
Document dated Feb. 28, 2025, received from MLY FIM Mar. 4, summarized Mar. 7.
Description of Circular
The circular outlines final activities in FIS and its related sub-systems, key deadlines, important pre- and post-launch preparations, procedures to ensure smooth transition.
All distributors are advised to complete final activities in FIS and related sub-systems according to the schedule; Mar. 17, 2025 is last day to approve all exam applications.
Apr. 8, 2025 is last day for distributors to approve all types of exemption applications, resignation and termination; and last day to approve all CPD programs, participants.
Apr. 9, 2025 is closing of FIS; Apr. 11, 2025 is date distributors must login to FIS and its sub-systems to extract final reports; circular specifies data migration requirements.
All rejections/unsuccessful transactions re system migration must be re-submitted.
Specifically, through FCS after its official launch; distributor administrators (DAs) must complete prescribed activities/actions before Apr. 11, 2025; and take required actions on Apr. 15, 2025 i.e. verification, reconciliation of migrated data in FCS, per checklist.
Any discrepancies must be reported immediately to MLY FIM IT Support via email.
Circular also sets out particulars and requirements re FCS post-launch activities.
Effectiveness
Launch is tentatively set for Apr. 15, 2025; certain actions to be taken before Apr. 11.
Apr. 2025 Update
On Apr. 14, 2025, MLY FIM provided an update regarding the migration to FCS, original go-live date of Apr. 15, 2025 has been deferred due to pending regulatory approvals.
New FCS launch is tentatively set for Apr. 29, 2025; all activities in existing FIS were completed on Apr. 11, 2025; planned shutdown of FIS will proceed as scheduled.
Blackout period is extended until Apr. 29, 2025 due to the FCS delay; revised schedule of activities is provided to ensure smooth transition, but it remains subject to change.
Distributors must whitelist FCS access credentials, complete user, data verification before launch; FCS will be accessible to users post-launch with further instructions.
Document dated Apr. 14, 2025, received from MLY FIM Apr. 17, summarized Apr. 21.
