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
Training Hours20 hrs12 hrs32 hrs
ExaminationsFinancial Instruments (Paper 1) – 1 hr 20 min

Wealth Management (Paper 2) – 1 hr 40 min
1 Paper – 1 hr4 hrs
Examination FormatPaper 1: Multiple Choice
Paper 2: Multiple Choice + Structured Question
Multiple Choice
Passing Mark70%70%

The Training Hours are in-class training hours.
The PWM practitioners can opt to attend class lectures or undertake self-study.

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.