FAQ - CPWP Certification

CPWP Certification

  1. What are the criteria for applying for CPWP certification under the examination route?


    There are two conditions that must be met before applying for CPWP certification:
            (a)   Minimum 3 years’ experience as a Relevant Practitioner within private wealth management institution(s) out of the most recent 5 years; and
            (b)   Passed all examination papers for both Module 1 and Module 2 of ECF. The result of each examination paper is valid for 5 years (counting from the date of the examination) for the purpose of applying for CPWP certification.

    A relevant practitioner who has met both conditions for certification is eligible to apply for certification, but such application should be received by PWMA not later than 3 months from the end of the validity period of the examination result.

    Below are some illustrations in relation to the validity period of examination results for applying CPWP certification.



    Illustration A:

    -          Assuming the candidate continues to work as a Relevant Practitioner (“RP”).

     

     

    Example 1

    Example 2

    Example 3

     

    Current Job as RP:

    e.g. Relationship Manager (“ RM”)/

    Investment Consultant (“IC”)

    Current Job as RP:

    e.g. RM/IC

    Current Job as RP:

    e.g. RM/IC

    Exam date of

    Module 1 Paper 1

    1 Apr 2015

    1 Sep 2022

    1 Apr 2015

    Exam date of

    Module 1 Paper 2

    1 Jun 2016

    1 Jun 2016

    1 Oct 2023

    Exam date of Module 2

    1 Sep 2018

    1 Sep 2018

    1 Sep 2018

    Exam results are valid for the purpose of applying for CPWP certification?

    Yes

     

    Period when both conditions for certification are met:  After receiving the result of exam taken on 1 Sep 2018, and up to 31 Mar 2020 (5 years’ validity counting from 1 Apr 2015).

     

     Application for certification should be received by PWMA no later than 3 months from 31 Mar 2020.

    No

     

    The candidate needs to re-take and pass Module 1 Paper 2 Exam.

     

    Period when both conditions for certification are met: After receiving the result of exam taken on 1 Sep 2022, and up to 31 Aug 2023 (5 years’ validity counting from 1 Sep 2018). 

     

    Application for certification should be received by PWMA no later than 3 months from 31 Aug 2023.

    No

     

    The candidate needs to re-take and pass Module 1 Paper 1 and Module 2 Exams.

     

    Period when both conditions for certification are met: After receiving the result of exam taken on 1 Oct 2023, and up to 30 Sep 2028 (5 years’ validity counting from 1 Oct 2023).

     

    Application for certification should be received by PWMA no later than 3 months from 30 Sep 2028.

     

    Illustration B:


    -          Assuming the candidate is not working as a Relevant Practitioner (“RP”) when he / she starts to take the examination but later on works as a RP.


     

    Example 1

    Example 2

    Example 3

     

    Current Job as non-RP:

    e.g. Assistant Staff

    Current Job as non-RP:

    e.g. Assistant Staff

    Current Job as non-RP:

    e.g. Assistant Staff

    Exam date of

    Module 1 Paper 1

    1 Apr 2015

     

    1 Apr 2015

    1 Apr 2021

    Exam date of

    Module 1 Paper 2

    1 Jun 2016

    1 Jun 2016

    1 Jun 2016

    Exam date of Module 2

    1 Sep 2018

    1 Sep 2018

    1 Sep 2018

    Start date of working as a RP

    1 Jan 2017

    1 Oct 2018

    1 Nov 2020

    3 years’ RP experience met

    31 Dec 2019

    30 Sep 2021

    31 Oct 2023

    Exam results are valid for the purpose of applying for CPWP certification?

    Yes

     

    Period when both conditions for certification are met:  From 31 Dec 2019, and up to 31 Mar 2020 (5 years’ validity counting from 1 Apr 2015). 

     

    Application for certification should be received by PWMA no later than 3 months from 31 Mar 2020.

    No

     

    The candidate needs to re-take and pass Module 1 Paper 1 & Paper 2 Exams because these exams were passed more than 5 years ago when the 3 years’ RP experience is met.

     

    Period when both conditions for certification are met: From 30 Sep 2021, and up to 31 Aug 2023 (5 years’ validity counting from 1 Sep 2018). 

     

    Application for certification should be received by PWMA no later than 3 months from 31 Aug 2023.

     

    No

     

    The candidate needs to re-take and pass Module 1 Paper 2 Exam & Module 2 Exam, because these exams were passed more than 5 years ago when the 3 years’ RP experience is met.

     

    Period when both conditions for certification are met: From 31 Oct 2023, and up to

    31 Mar 2026 (5 years’ validity counting from 1 Apr 2021). 

     

    Application for certification should be received by PWMA no later than 3 months from 31 Mar 2026.