Education requirement with effect from 1 July 2002

With effect from 1 July 2002, members can select any of the 3 options to complete the certification course. All students must enroll with our education providers before they are allowed to register for the certification examinations. Candidates must ensure their membership are current before submitting their examination registration forms to the education providers.

Option A:

Effective from 1 January 2014, the entry requirement for the CFP certification program in Malaysia will be a Bachelor Degree. Beginning 1 January 2015, members are required to sit for the whole certification course, which comprise Module 1 to 4. This is presently been offered to our members by our Education Providers (EP).

Click here for the application form – TRADE MEMBERSHIP (PDF)


Below are the 4 Modules in the certification course:

Module 1 – Foundation in Financial Planning and Tax Planning

Module 2 – Insurance Planning and Estate Planning

Module 3 – Investment Planning and Retirement Planning

Module 4 – Financial Plan Construction and Professional Responsibilities


Option B – Partial exemption on Modules

Degree holders who possess any of the following qualification are exempted from the following modules:

Qualification M1 M2
FiMM active member who has passed ‘CUTE’ examination X
FiMM active member who has passed ‘PRS’ examination X
Registered Financial Planners (MFPC) Holder X X
Shariah Registered Financial Planners (MFPC) Holder X X


Successful applicants must attend the Tax Planning workshop before registering for further modules of the certification program.

Applicants are advised to seek approval for modular exemption as early as possible.

Click here for the documents – MODULAR EXEMPTION (PDF)


Option C – Challenge Status

FPAM has approved certain qualifications and/or professional credentials as fulfilling the education requirements and members who are eligible can apply to FPAM for approval under the challenge status. Under this challenge status, the approved member is only required to sit for Module 4, by completing a 60 hours classroom – based lectures to be followed by 6 hours of Module 4 examinations similar to the examination offered in Option A.

Members having the following qualifications and/or professional credentials and have gained 3 years of personal finance related experience are eligible to apply for the challenge status. This challenge status is only open to Malaysians.

1. Qualifications

  • Professional accountants (MIA, CPA (M), CPA(Aust)., AICPA, CA , ACCA, ICMA and AIA.)
  • Company Secretaries (ICSA & Fellow of MACS)
  • Chartered Financial Consultants Chartered Financial Analysts
  • Doctorate in Business Admin PhD (business, accounting or economics)
  • Masters (Business Admin /Finance /Economics/Accounting) from accredited universities
  • Islamic Financial Planner (IFP)


2. Members must have gained 3 years of personal finance related experiences at the time of application where such experiences gained can enhance the candidate’s ability to apply the financial planning process to meet consumer needs. This experience can be gained in one or all of the following areas: Insurance, mutual funds, securities, asset management, accounting, estate planning, banking, taxation, trusts, retirement planning and financial planning.

Click here for the sample letter – EMPLOYERS (PDF)

Click here for the sample letter – SELF-EMPLOYED (PDF)

Click here for the sample letter – AGENTS (PDF)


3. Each member is entitled to a maximum of three (3) consecutive examination attempts only for the challenge status commencing immediately after obtaining approval from FPAM. After the 3 attempts or non attempts, they must enroll for the normal certification examinations.

Click here for the documents – CHALLENGE STATUS (PDF)

Additional requirements

Members who wish to seek approval for partial exemptions under Option B or challenge status under Option C must complete and submit the relevant forms and documents to FPAM. These forms can be obtained through our EPs or from our website. The request for approval must be accompanied by an Application for Trade member form together with payment ( if applicant is not currently a member) as FPAM will only grant approval to members only. The Education Provider cannot approve members eligibility for Modular exemptions under Option B and / or challenge status under Option C.

All certificates and academic transcripts must be certified – see full details in the application form.

Working experience from present employer must be under the employer’s letterhead. Upon approval, students will be allocated a reference number to quote when they subsequently register for the examination. If a member application is not approved, FPAM will return the whole set of documents back to the member.

Those seeking for exemptions or challenge status must apply at least one month before the registration for any examination. Applications for exemptions or challenge status must not be submitted together with your examination registration form. Failure to comply will result in your application not been processed in time for your next examination.