{"id":1511,"date":"2020-08-27T13:12:01","date_gmt":"2020-08-27T05:12:01","guid":{"rendered":"http:\/\/project-pwma-uat.ltworkshop.com\/?post_type=ecf_faqs&#038;p=1511"},"modified":"2021-04-13T20:19:38","modified_gmt":"2021-04-13T12:19:38","slug":"what-are-the-criteria-for-applying-for-cpwp-certification-under-the-examination-route","status":"publish","type":"ecf_faqs","link":"https:\/\/www.pwma.org.hk\/en\/ecf_faqs\/what-are-the-criteria-for-applying-for-cpwp-certification-under-the-examination-route\/","title":{"rendered":"What are the criteria for applying for CPWP certification under the examination route?"},"content":{"rendered":"\n<p>There are two conditions that must be met before applying for CPWP certification:<\/p>\n\n\n\n<p>(a)&nbsp; &nbsp;Minimum 3 years\u2019 experience as a Relevant Practitioner within private wealth management institution(s) out of the most recent 5 years; and<\/p>\n\n\n\n<p>(b)&nbsp; &nbsp;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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>Below are some illustrations in relation to the validity period of examination results for applying CPWP certification.<\/p>\n\n\n\n<p>Illustration A:<\/p>\n\n\n\n<ul><li>Assuming the candidate&nbsp;continues to work as a Relevant&nbsp;Practitioner (\u201cRP\u201d).<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter is-style-regular min-width-600\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>Example 1<\/strong><\/td><td><strong>Example 2<\/strong><\/td><td><strong>Example 3<\/strong><\/td><\/tr><tr><td><\/td><td>Current Job as RP:<br>e.g. Relationship Manager (\u201c RM\u201d)\/<br>Investment Consultant (\u201cIC\u201d)<\/td><td>Current Job as RP:<br>e.g. RM\/IC<\/td><td>Current Job as RP:<br>e.g. RM\/IC<\/td><\/tr><tr><td>Exam date of<br>Module 1 Paper 1<\/td><td>1 Apr 2015<\/td><td>1 Sep 2022<\/td><td>1 Apr 2015<\/td><\/tr><tr><td>Exam date of<br>Module 1 Paper 2<\/td><td>1 Jun 2016<\/td><td>1 Jun 2016<\/td><td>1 Oct 2023<\/td><\/tr><tr><td>Exam date of Module 2<\/td><td>1 Sep 2018<\/td><td>1 Sep 2018<\/td><td>1 Sep 2018<\/td><\/tr><tr><td>Exam results are valid for the purpose of applying for CPWP certification?<\/td><td><strong>Yes<\/strong><br>&nbsp;<br>Period when both conditions for certification are met:&nbsp; After receiving the result of exam taken on 1 Sep 2018, and up to 31 Mar 2020 (5 years\u2019 validity counting from 1 Apr 2015).<br>&nbsp;<br>Application for certification should be received by PWMA no later than 3 months from 31 Mar 2020.<\/td><td><strong>No<\/strong><br>&nbsp;<br>The candidate needs to re-take and pass Module 1 Paper 2 Exam.<br>&nbsp;<br>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\u2019 validity counting from 1 Sep 2018).&nbsp;<br>&nbsp;<br>Application for certification should be received by PWMA no later than 3 months from 31 Aug 2023.<\/td><td><strong>No<\/strong><br>&nbsp;<br>The candidate needs to re-take and pass Module 1 Paper 1 and Module 2 Exams.<br>&nbsp;<br>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\u2019 validity counting from 1 Oct 2023).<br>&nbsp;<br>Application for certification should be received by PWMA no later than 3 months from 30 Sep 2028.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Illustration B:<\/p>\n\n\n\n<ul><li>Assuming the candidate is&nbsp;not working as a Relevant Practitioner (\u201cRP\u201d) when he \/ she starts to take the examination but later on works as a RP.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-table aligncenter is-style-regular min-width-600\"><table class=\"has-fixed-layout\"><tbody><tr><td><\/td><td><strong>Example 1<\/strong><\/td><td><strong>Example 2<\/strong><\/td><td><strong>Example 3<\/strong><\/td><\/tr><tr><td><\/td><td>Current Job as non-RP:<br>e.g. Assistant Staff<\/td><td>Current Job as non-RP:<br>e.g. Assistant Staff<\/td><td>Current Job as non-RP:<br>e.g. Assistant Staff<\/td><\/tr><tr><td>Exam date of<br>Module 1 Paper 1<\/td><td>1 Apr 2015<\/td><td>1 Apr 2015<\/td><td>1 Apr 2021<\/td><\/tr><tr><td>Exam date of<br>Module 1 Paper 2<\/td><td>1 Jun 2016<\/td><td>1 Jun 2016<\/td><td>1 Jun 2016<\/td><\/tr><tr><td>Exam date of Module 2<\/td><td>1 Sep 2018<\/td><td>1 Sep 2018<\/td><td>1 Sep 2018<\/td><\/tr><tr><td>Start date of working as a RP<\/td><td>1 Jan 2017<\/td><td>1 Oct 2018<\/td><td>1 Nov 2020<\/td><\/tr><tr><td>3 years\u2019 RP experience met<\/td><td>31 Dec 2019<\/td><td>30 Sep 2021<\/td><td>31 Oct 2023<\/td><\/tr><tr><td>Exam results are valid for the purpose of applying for CPWP certification?<\/td><td><strong>Yes<\/strong><br>&nbsp;<br>Period when both conditions for certification are met:&nbsp; From 31 Dec 2019, and up to 31 Mar 2020 (5 years\u2019 validity counting from 1 Apr 2015).&nbsp;<br>&nbsp;<br>Application for certification should be received by PWMA no later than 3 months from 31 Mar 2020.<\/td><td><strong>No<\/strong><br><strong>&nbsp;<\/strong><br>The candidate needs to re-take and pass Module 1 Paper 1 &amp; Paper 2 Exams because these exams were passed more than 5 years ago when the 3 years\u2019 RP experience is met.<br>&nbsp;<br>Period when both conditions for certification are met: From 30 Sep 2021, and up to 31 Aug 2023 (5 years\u2019 validity counting from 1 Sep 2018).&nbsp;<br>&nbsp;<br>Application for certification should be received by PWMA no later than 3 months from 31 Aug 2023.<\/td><td><strong>No<\/strong><br>&nbsp;<br>The candidate needs to re-take and pass Module 1 Paper 2 Exam &amp; Module 2 Exam, because these exams were passed more than 5 years ago when the 3 years\u2019 RP experience is met.<br>&nbsp;<br>Period when both conditions for certification are met: From 31 Oct 2023, and up to<br>31 Mar 2026 (5 years\u2019 validity counting from 1 Apr 2021).&nbsp;<br>&nbsp;<br>Application for certification should be received by PWMA no later than 3 months from 31 Mar 2026.<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"featured_media":0,"parent":0,"menu_order":112,"template":"","categories":[35],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pwma.org.hk\/en\/wp-json\/wp\/v2\/ecf_faqs\/1511"}],"collection":[{"href":"https:\/\/www.pwma.org.hk\/en\/wp-json\/wp\/v2\/ecf_faqs"}],"about":[{"href":"https:\/\/www.pwma.org.hk\/en\/wp-json\/wp\/v2\/types\/ecf_faqs"}],"wp:attachment":[{"href":"https:\/\/www.pwma.org.hk\/en\/wp-json\/wp\/v2\/media?parent=1511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwma.org.hk\/en\/wp-json\/wp\/v2\/categories?post=1511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}