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The new CACS Examinations will take effect from 6 August 2024. Please click here for details on the public announcement on the new CACS Examinations.

The CACS Assessment is applicable to private banking professionals (or "Covered Persons") who are in a client-facing role and provide financial advisory services to accredited investors.

For more information, please refer to the Private Banking Code of Conduct by the Association of Banks of Singapore (ABS).

The CACS Assessment comprises of 2 papers:

Paper 1: Legislations, Regulations & Industry Codes of Practice

Exam Syllabus:

1. Overview of Wealth Management
2. Private Banking Code of Conduct
3. Client On Boarding Process
4.Client Relationship Management
5.Wealth Transfers and Succession Planning

Exam Format:

Format	Duration	Passmark

100 MCQs	2 hours	75%

The exam results will be displayed on the computer screens after the exam. Candidate can print their result slips from their portal account on the next working day.

Please log into IBF Portal for information on all examination dates and schedule.
All examinations are held in IBF Assessment Centre (20 Anson Road, #05-01, 20 Anson Building, Singapore 079912)

Exemptions:

There are no exemptions to CACS Paper 1 as it is a rules and regulations exam.

Notice

New CACS Exams
(from 6 August 2024)

Revised Exam Syllabus:

Overview of Wealth Management
Private Banking Code of Conduct
Client Due Diligence
Client Advisory
Wealth Transfers and Succession Planning
Ethical Conduct

Exam Format:

Format

80 MCQs (computer based)

Duration

2.5 hours

Pass mark

75%

The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next working day.

Exam Fees (Inclusive of GST):

Corporate members: $446.90

Non-Corporate members: $534.10

Exam Schedule:

Please log in to the IBF Portal to simulate an exam registration to view all available exam sessions.

Exemptions:

There are no exemptions to CACS 1 paper as it is a Rules and Regulations exam.

Paper 2: Industry & Product Knowledge

Exam Syllabus:
1. Portfolio Management Process

2. Macroeconomic Analysis

3. Foreign Exchange Analysis

4. Fixed Income Analysis and Strategies

5. Equity Analysis and Strategies

6. Funds Solutions

7. Alternative Investments

8. Derivatives

9. Structured Products

10. Credit and Leverage

Exam Format:

Format	Duration	Pass mark

100 MCQs	2 hours	75%

Exam Fees (Before GST):

Corporate Members: $330 (1st Attempt), $310 (Subsequent Attempts)
Non-Members: $400 (1st Attempt), $380 (Subsequent Attempts)

Exam Schedule & Location:

Please log into IBF Portal for information on all examination dates and schedule.
All examinations are held in IBF Assessment Centre (20 Anson Road, #05-01, 20 Anson Building, Singapore 079912)

Exemptions:

From 1 January 2019, CFA Charterholders are exempted from CACS Paper 2.

Covered Persons will still need to pass CACS Paper 1 to be deemed to have completed the CACS Assessment.

Notice

New CACS Exams
(from 6 August 2024)

Revised Exam Syllabus:

Macroeconomic Analysis and Key Drivers of Asset Prices
Portfolio Management Process and Performance Measurement
Foreign Exchange Analysis
Fixed Income Analysis and Strategies
Equity Analysis ad Strategies
Funds Solutions
Alternative Investments
Derivatives
Structured Products
Credit and Leverage

Exam Format:

Format

80 MCQs (computer based)

Duration

2.5 hours

Pass mark

70%

The exam results will be displayed on the computer screens after the exam. Candidates can print their result slips from their IBF Portal Account on the next working day.

Exam Fees (Inclusive of GST):

Corporate members: $446.90

Non-Corporate members: $534.10

Exam Schedule:

Please log in to the IBF Portal to simulate an exam registration to view all available exam sessions.

Exemptions:

From 1 January 2019, CFA Charterholders are exempted from CACS 2.