Submission for Funding Support on Training Partners Gateway (TPGateway) for Financial Institutions
Kindly complete submissions for funding support for courses commencing on or after 10 October 2022 on the TPGateway(Includes only in-house courses accredited by IBF under the company's own name).
Funding Support Submission
Before Course | During Course | After Course | ||
| Add Course Runs | Calculate Grants | Submit Enrolment | Upload Attendance | Submit Attendance |
| Maintenance of course runs and sessions for each approved course | Eligible grant amount for learners calculated based on enrolment details submitted by TPs and FIs / FinTechs for In-house courses only | Learners can take self-attendance via QR code or TPs upload on behalf | Bulk upload of assessment for reduction in processing time | |
| Course Runs and Course Sessions | Enrolment | Attendance | Assessment | |
|---|---|---|---|---|
| In-house Courses for Financial Institutions / FinTech Firms | Before course start date[1] | Enrolment must be submitted before or within 105 calendar days after course run start date | Attendance records and Assessment results must be submitted within
105 calendar days after course run end date[2] | |
All Financial Institutions / Fintechs with IBF accredited courses must have a local Singapore bank account and subscribe to Corporate PayNow to receive disbursement.
[2] Applicable to manual attendance submission, otherwise all attendance should be taken digitally during the course run.
Course Fee Subsidy (Submission by FI/FinTech Firm for
in-house courses) | a. Invoice issued by
external consultant (if applicable) b. Audit Certification
Submission The following documents
must be submitted to IBF if your total grant submissions (based on
course run end date) for each half-year period (January to June, and
July to December) ≥ S$30,000:
The audit certificates
must be submitted to IBF via email at funding@ibf.org.sg
within 3 months from the end of each half-year period (for the first
half-year
period, submission latest by end September and the 2nd half-year, by
end March of the following year). Submission after these prescribed
deadlines will not be accepted and might result in rejection of
claims submitted to IBF. Click here to download the template for Internal Auditors (IA) / Compliance (CC) certification. Click here to download the template for External Auditors (EA) certification. Click here to download the Terms of Reference for Auditors and Internal Compliance Departments. Click here to download the Doc (B) In-house Developed Programmes Form.
|
| Licensed Representatives and General Insurance Agents | All licensed representative (e.g. financial advisors, insurance
agents, remisiers) and general insurance agents registered with the
General Insurance Association’s (GIA) Agent Registration Board who
wish to register for FTS courses, must provide a Letter of Support
from his/her Financial Institution (FI) Principal. Please refer to
template of Letter
of Support (LOS) as attached. Training providers should sight the staff pass of the licensed representative or registered agent, and check the MAS Register of Representatives / General Insurance Association (GIA) Agent Registration Board to confirm the trainee’s eligibility. |
| Documents to Retain by FIs / FinTech Firms for Audit
Purpose |
|
| Revision to course code | FIs/FinTech Firms with in-house
courses can login to your TPGateway account for the latest and
updated course code before the claim submission. |
| Goods & Services Tax (GST) | GST funding support will no longer be applicable for all courses effective 3 October 2022. |
| Double-Funding | All funding support submission by Financial Institutions / Singapore
FinTech Association (SFA) certified FinTech Firms should not be
claiming for any other grants, subsidies, or tax concessions,
provided either by the Financial Sector Development Fund (FSDF)
and/or other government agencies, unless explicitly permitted. |
| Administrative Fee | IBF reserves the right to charge an administrative fee if there are
errors associated with the funding support submission, regardless of
whether any grants have been disbursed. |
| Computation of Unit Cost | Click
here to access the computation for E-learning
courses. Click here to access the computation for Classroom Training. |
| Course Run & Course Session | A course run and session(s) must be created before its course
commencement date for the link to the QR code for attendance taking
to be sent to the Course Administrator and Trainer. |
| Make-up Sessions / Assessment | Ensure to conduct and submit the attendance and assessment records
for the make-up session(s)/assessment(s) within the submission
deadline and within 120 calendar days from the initial
course run end date which the trainee was enrolled
in. |
| Processing Timeline | IBF will take
approximately 6 to 8 weeks to process the funding support
submission upon complete and accurate submission after the
submission deadline for Attendance and Assessment records, and
full payment made. Longer processing
time may be required in certain cases (e.g. incomplete or
inaccurate submissions, Corporate PayNow not link or nonstandard
cases). |
[3] Exchange rate should be using the daily MAS Exchange Rate as at the date of the invoice.
[4] Personal particulars include full names, last four (4)
alphanumeric characters of NRIC numbers, mobile telephone numbers, e-mail
addresses, and nationalities.
[5] Attendance and assessment records should clearly state the IBF
recognised course title, the start and end dates, and the start and end times of
each training and/or assessment session.
[6] Full video recording should clearly show the following: (i) Date
and time records of the delivery of that training session / lesson; and (ii)
Date and time records of presence of trainees corresponding to that training
session / lesson.
Foreign Currency Exchange Rate
Course fees paid in foreign currency other than
Singapore dollar should be converted using the daily MAS Exchange Rate based
on the date of the invoice.
Click here to access the MAS Exchange
Rate.
To access the TPGateway, please click here.
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Frequently Asked Questions (FAQ): |
