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CAPITAL MARKET PROFESSIONALS

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Certification Examinations FAQ

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FAQ

WHAT CERTIFICATION SEMINARS ARE OFFERED BY THE FISEU?
The Commission offers the following Certification Seminars:
  1. Certification Seminar for Phase 1 of the FISEU Certification Examination
  2. Certification Seminar for prospective Equities Securities Salesmen
  3. Certification Seminar for prospective Compliance Officers/ Associated Persons for broker dealers in Equities
The upcoming schedules will be announced in the FISEU website under Capital Market Professionals (CMP) Notice
What Certification Examinations are offered by the Commission?
The FISEU Certification Examination has two phases. The Phase 1 covers general topics, which are applicable to all market professionals while Phase 2 is the industry-specific examination.
Phase 1 is composed of 6 General Topics, as follows:
Module 1: Fundamentals of Securities
Module 2: Economic Principles and Market Theories
Module 3: Fundamentals of Securities Regulation Module
Module 4: Corporate Governance (CG)
Module 5: Risk Management (RM) Module
Module 6: Anti-Money Laundering (AML)

 

Phase 2 is the Module 7, which is composed of five sub-modules, as follows:
Phase 2-7A: Certified Investment Solicitors (CIS)
Phase 2-7B: Equities Securities Salesmen (ESS) Phase
Phase 2-7C: Fixed Income Market Salesmen (FIMS)
Phase 2-7D: Compliance Officers/Associated Persons (CO/AP) for broker dealers in Equities
Phase 2-7E: Proprietary/Non-Proprietary Securities (Timeshares) Salesmen (PNPSS)

All prospective capital market professionals need to take and pass both phases before they can apply for the appropriate license.

The examinee must wait for the release of examination results before he/she can apply for the Phase 2 exam. However, ESS and CO/AP examinees have to attend a mandatory certification seminar conducted by the FISEU before they can proceed to the Phase 2 exam.
IS THERE A REQUIREMENT PRIOR TO TAKING THE PHASE 1 CERTIFICATION EXAM?

None. There is no required seminar or training but the FISEU conducts a Certification Seminar for Phase 1 Exam (paid seminar but not mandatory) which is designed to help examinees prepare for the Phase 1 Exam.

I AM A STUDENT/AN UNDERGRADUATE/NOT EMPLOYED BY A BROKERAGE COMPANY, CAN I APPLY FOR THE EXAMINATION?

Yes. There is no required educational background or employer when applying for the examinations.

HOW LONG MUST I WAIT TO RETAKE THE EXAM FROM MY PREVIOUS ATTEMPT? IS THERE A LIMIT TO RETAKING THE EXAMINATION?
There is no required waiting period and there is no limit to retaking the exam. Unsuccessful examinees may apply for retake once the List of Passers has been posted.



WHAT THINGS ARE ALLOWED IN THE EXAMINATION AREA?
Ballpen, ordinary calculator and a scratch paper (provided by SEC). Food, mobile phones/any communication device and wearing of smartwatches are not allowed. Examinees’ pockets must also be emptied before the start of the examination.


IS THERE A DRESS CODE?

Examinees are encouraged to wear smart casual (sleeveless shirt, shorts/short pants and slippers are not allowed).