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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:

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

Exam Format:

Format	Duration	Pass mark

80 MCQs (computer based)	2.5 hours	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:

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 Market
Structured Products
Credit and Leverage