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CPWP Certification

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 1Example 2Example 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 20151 Sep 20221 Apr 2015
Exam date of
Module 1 Paper 2		1 Jun 20161 Jun 20161 Oct 2023
Exam date of Module 21 Sep 20181 Sep 20181 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 1Example 2Example 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 20151 Apr 20151 Apr 2021
Exam date of
Module 1 Paper 2		1 Jun 20161 Jun 20161 Jun 2016
Exam date of Module 21 Sep 20181 Sep 20181 Sep 2018
Start date of working as a RP1 Jan 20171 Oct 20181 Nov 2020
3 years’ RP experience met31 Dec 201930 Sep 202131 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.