AICB Membership

Introduction

AICB Membership is open to financial institutions, as well as industry associations and firms providing professional services to the financial industry in Africa

Why sign up for AICB Membership?

AICB works with its Members to raise industry competency standards and support the development of a robust AFRICA financial industry.
As an AICB member, you can look forward to:

Developing Training Roadmaps

  • Consultations with IBF on your training and competency development plans
  • Semi-annual update on available AICB Programmes
     

Obtaining AICB Accreditation

  • Waiver of Stage 1 - organisation eligibility (for finanical institutions only)
  • Discount for AICB Programme accreditation
     

AICB Exams

  • Discount for staff that register for AICB administered exams
     

AICB Events and Seminars

  • Exclusive member-only events
  • Priority booking of seats for AICB organised events and seminars
  • Invitations/discounted rates to industry events organised by AICB Partners


   

Become an AICB Member

Please click here to apply or renew your AICB membership. The AICB membership is renewable on an annual basis, and is valid for the calendar year. Please contact the Membership team if you need more information. 

 

AICB Examinations 

The AICB Examinations are the starting point for financial sector professionals in Africa to achieve the highest standards of competency.      

Types of Examinations

AICB conducts regulatory licensing and industry examinations for various sectors in the financial industry in Singapore.

Client Advisor​ Competency Standards (CACS) Assessment

The CACS Assessment is applicable to ​private banking professionals (or "Covered Persons") who are in a client-facing role and provide financial advisory services to high net worth individuals.
For more information, please refer to the Association of Banks of Singapore (ABS) for a copy of the Private Banking Code of Conduct and the FAQ​s o​n the PB Code​​.

Corporate Banking Common Examination (CBCE)

The CBCE is applicable to all persons in the wholesale and commercial banking sectors in Singapore.

Capital Markets and Financial Advisory Services (CMFAS) Examinations

The CMFAS Examinations are the licensing examinations for the capital markets and financial advisory services in Singapore.
After successfully completing the relevant examination modules, candidates must lodge a notification with the Monetary Authority of Singapore (MAS) before they can carry out regulated activities.

Financial Markets Regulatory Practices (FMRP) Examination

The Singapore Foreign Exchange Market Committee ("SFEMC") introduced the Financial Markets Regulatory & Practice (FMRP) 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.

Exams Registration

Candidates should carefully read through the AICB Examination Rules & Regulations and FAQs for the relevant examinations before registering for their examination.
All examinations are held at the AICB Assessment Centre, (MAS Building, 10 Shenton Way Unit 13-07/08)

For Individuals

All examination registrations must be made online. Candidates must create an account in the AICB Portal to access all examinations services.

For Financial Institutions

All organisations who wish to register for AICB examinations on behalf of their employees must create a Corporate Login Account on the IBF Portal. Only 1 account may be created per organization/entity. The entity would be identified by the Unique Entity Number (“UEN”), which is the ACRA’s Registry of Companies (ROC) number of the entity.

Updates to Study Guides

The AICB Study Guides are updated at appropriate intervals to reflect changes and developments in the financial industry. Candidates should ensure that they have the latest version of the relevant study guide before sitting for the examination.

Updates / Changes to Study Guides

Module

Date

Version

Description

​1A

​May 2017

​4.5

Updates

​6

​May 2017

​2.5

Updates​

​6A

​May 2017

​2.7

Updates​

​CACS Paper 2

​Apr 2017

​1.1

​Upda​tes​​​

​2A

​Mar 2017

​3.5

Upda​tes​​

​6A

​Oct 2016

​2.6

Upda​tes​

​1A

​Sep 2016

​4.4

Updates​

​1B

​Sep 2016

​4.4

Updates

​2A

​Sep 2016

​3.4

Up​d​a​​tes​​​

​4B

​Sep 2016

​5.1

Updates​

​4A

​Sep 2016

​5.1

​Up​d​a​​tes​​​

​CBCE Paper 2

​Sep 2016

​1.1

Up​d​a​​tes​​​

​CBCE Paper 1

​Sep 2016

​1.1

Up​d​a​​tes​

​3

​Aug 2016

​4.1

​​​Up​d​a​​tes​​

​4A

​Aug 2016

​5.0

​​Up​d​a​​tes

​4B

​Aug 2016

​5.0

Up​d​a​​tes

​6A

​May 2016

​2.5

Up​d​a​​tes​​​​

Examination Transfers

​​​​​​​  1. ​​​​Rescheduling of Examination Dates​​​​​​

​​​​​​​​​​All rescheduling of examination dates must be done through the AICB Portal. If you wish to reschedule a registered exam, ​
The admin fee payable for each time you reschedule an exam is $100.
Terms and ​​​conditions of resc​​heduling of exams:​
​​- ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​A​​​​​​​ll rescheduli​​​ng of examination dates must be done by 12pm the working day before the exam date. Example: If your exam falls on a Monday or (one day after) public holiday, transfers must be done before 12.00pm on Friday.
- ​​​​​Rescheduling of exams are subjected to availability.
- ​​​​Any late requests will not be entertained. ​​​​​​​

​​2​. ​​​​Changes to Other Exam Modules or Candidates

​​​​​​​​You are not allowed to change your registered exam module, or change your exam registration to another candidate. 

3. Updates to Candidate Name/ Identification Number

For any changes to candidate name or identification information, please write to before 12pm the day before your exam date with your supporting documentation. You will not be permitted to sit for the exam if your request for correction/change is not submitted to AICB by this deadline.

 

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