On Feb. 14, MLY FIM wrote about actions required re new study guide.
MLY FIM issued a circular with respect to new registration system that is set for tentative launch on Apr. 15, 2025, as well as combined exam and a new study guide.
Document dated Feb. 14, 2025, received from MLY FIM Feb. 21, summarized Feb. 26.
New Combined Exam and Requirements
These changes are designed to enhance competency, professionalism of individuals in marketing and distribution of unit trusts (UT), and private retirement schemes (PRS).
MLY FIM will also launch single examination structure, where UT and PRS examinations will be combined as one, hereinafter referred as FIMM Combined Exam (FCE).
In addition, the circular includes a number of requirements on all distributors.
Requirements in circular include familiarizing themselves with information within the circular; and distributors must thoroughly review new exam study guide in advance.
Guide helps candidates prepare for their role in becoming consultants for UT and PRS.
A briefing will be conducted in due course to provide further clarity and understanding.
Regulators
MLY FIM
Entity Types
Fiduciary; IA; IB; Inv Co; Pension
Reference
Cir PDS/ALL/SNZ-AN/005-25, 2/14/2025
Functions
Compliance; Registration/Licensing; Sales Practices; Training
