The ECF contains two modules – Module 1 on Technical, Industry and Product Knowledge and Module 2 on Ethics and Compliance. Please refer to “Detailed Syllabus” for information on the detailed syllabus for Module 1 and Module 2.
The table below highlights the requirements of ECF:
| Module 1 Technical, Industry and Product Knowledge | Module 2 Ethics and Compliance | Total | |
| Training Hours | 20 hrs | 12 hrs | 32 hrs |
| Examinations | Financial Instruments (Paper 1) – 1 hr 20 min Wealth Management (Paper 2) – 1 hr 40 min | 1 Paper – 1 hr | 4 hrs |
| Examination Format | Paper 1: Multiple Choice Paper 2: Multiple Choice + Structured Question | Multiple Choice | |
| Passing Mark | 70% | 70% | |
| Language | English and Chinese | English |
The Training Hours are in-class training hours.
The PWM practitioners can opt to attend class lectures or undertake self-study.
Updates on Revised Syllabus for CPWP Module 1
Please note that updated syllabus for the CPWP Module 1 Examination has been released in December 2020 for Paper 1 and February 2021 for Paper 2. The topics reflecting changes in the revised syllabus for Paper 1 & 2 in comparison with the previous version are summarized in the below table:
| Paper | Previous Topics | Revised Topics | Changes |
| Paper 1: Financial Instrument | Topic 2: Fixed Income Investments Topic 3: Equity Securities Topic 4: Foreign Exchange | Topic 1: Basic Products: Fixed Income Investment; Equity Securities and Foreign Exchange | Re-organized |
| Topic 5: Derivatives Topic 6: Structured Products | Topic 2: Derivatives and Structured Products | Re-organized | |
| Topic 7: Alternative Investments Topic 8: Unit Trust and Investment Funds | Topic 3: Investments Solutions: Unit Trusts, Investment Funds and Alternative Investments | Re-organized and supplement | |
| Topic 11: Portfolio Management & Practices Theories | Topic 4: Portfolio Management – Theories and Practices | Re-organized and supplement | |
| Topic 9: Lending and Leverage | Topic 5: Lending and Leverage | Re-organized and supplement | |
| Paper 2: Wealth Management | Topic 10: Wealth Planning | Topic 6: Wealth Planning | Re-organized and supplement |
| Topic 12: Behavioral Finance | Topic 7: Behavioral Finance | Re-developed | |
| Topic 14: Customer Relationship Management | Topic 8: Customer Relationship Management | Re-developed | |
| Topic 1: Overview of PWM Industry, Products & Services | Topic 9: Overview of PWM Industry | Re-organized | |
| Topic 13: Mainland China and Asia-Pacific Financial and PWM Markets | Topic 10: Overview of PWM Markets: Hong Kong, Mainland China and Asia-Pacific | e-Seminars |