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Qualification pathway

Prepare for your PKMC exams

The Pasaran Kewangan Malaysia Certificate (PKMC) is the professional requirement set by ACI-FMAM for dealers and brokers in licensed financial institutions and money broking firms. It is awarded jointly by ACI-FMAM and AICB.

Ogos Learning's PKMC courses break the syllabus into modules, with self-paced e-learning you can start at any time, occasional live online workshops, and a guide to the calculator skills the exams rely on.

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Read the PKMC exam guide
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At a glance

Awarded by
ACI-FMAM and AICB
Who needs it
Dealers and brokers in licensed financial institutions and money broking firms
Structure
Four modules, all required for the certificate
Exam registration
Through AICB
Courses listed
4

Study module by module

Each PKMC module is its own course, so you can focus on the exam you are sitting next.

Self-paced or live

Study the e-learning on your own schedule, or join a live online workshop when one is scheduled.

Calculator guide

A dedicated guide walks through the calculations that come up across the modules.

The four PKMC modules

Candidates must pass all four modules to be awarded the certificate.

  1. Module I: The Regulatory Framework and Structure of the Malaysian Financial Markets
  2. Module II: The Money Market
  3. Module III: The Foreign Exchange Market
  4. Module IV: Risk Management & Basic Derivatives

AICB has published revised module specifications, effective for exams from 1 December 2026 (Modules I and II) and 1 March 2027 (Modules III and IV). Check the current syllabus with AICB before you sit.

PKMC preparation courses

Courses in the Ogos Learning catalogue that cover the PKMC syllabus.

View in catalogue
HRD Claimable
Intermediate • Self-pacedRM1500

Financial Markets eLearning - PKMC Mod 4 - Risk Management & Basic Derivatives

This HRD claimable eLearning program is designed for candidates preparing for the PKMC Mod 4 exam. Participants are provided with a structured and practical foundation in financial risk management and the core derivative instruments used in modern financial markets. This eLearning is presented via a blended learning format consisting of the following components: A - Access to eLearning content on OgosLearning.com Includes recorded videos, explainers and practice questions B - Monthly Open Live Q&A webinar Option to access the monthly live Q&A webinar hosted by the trainers for Mod 2, 3 and 4. This will be an open session where participants can ask any questions or seek clarifications related to the module. If you wish to utilise HRD funding for this course please contact us directly via email (mailto:angeline@ogoslearning.com) before registering. What you’ll learn The course covers key risk types (credit, liquidity, operational, and market risk) and introduces the role of derivatives in hedging and speculation, including forwards, futures, swaps, and options. Participants will also gain exposure to option valuation concepts, common strategies, and the construction and risks of structured products such as equity-linked and credit-linked notes. Who this is for • Candidates for PKMC examination – Module 4 – Basic Derivatives and Risk Management • Financial market practitioners in the Malaysian wholesale financial markets

Duration14 hours • On-demand
Enroll Now
HRD Claimable
Intermediate • Self-pacedRM1500

Financial Markets eLearning - PKMC Mod 2 - Money Markets

This HRD claimable eLearning program is designed for candidates preparing for the PKMC Mod 2 exam. Participants are provided with an in-depth understanding of the mechanics of the money market including the Islamic money market. This eLearning is presented via a blended learning format consisting of the following components: A - Access to eLearning content on OgosLearning.com Includes recorded videos, explainers and practice questions B - Monthly Open Live Q&A webinar Option to access the monthly live Q&A webinar hosted by the trainers for Mod 2, 3 and 4. This will be an open session where participants can ask any questions or seek clarifications related to the module. If you wish to utilise HRD funding for this course please contact us directly via email (mailto:angeline@ogoslearning.com) before registering. What you’ll learn Participants will learn about the role of the central bank and its interaction with the money market as a channel for monetary policies. In addition, participant will get to know the money market as a platform for trading of financial instruments. Participants will learn about the various types of financial instruments available in the market. Key principles and guidelines of the Shari'ah framework are also covered to guide participants towards a better understanding of the subject of Islamic finance, features and structures of the various Shari'ah contracts, and the roles and functions of different market participants. Who this is for • Candidates for PKMC examination – Module 2 – Money Market • Financial market practitioners in the Malaysian wholesale financial markets

Beginner • Self-pacedFree

PKMC Calculator Guide

Quick guide to the virtual calculator for use in the PKMC exam

Duration0 hours • On-demand
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Past sessionHRD Claimable
Intermediate • LiveRM1500

Foreign Exchange Market (Fundamentals of Financial Markets - Module 3) - Sep26

This HRD-claimable 2-day (online webinar) workshop is for PKMC Module 3 – Foreign Exchange Market exam candidates. It provide participants with a firm understanding of the features and function of foreign exchange markets. Participants will learn about the role of the central bank and its interaction with the FX market. In addition, participant will learn how to calculate and apply various forms of FX quotations in spot, forward and swap markets. These knowledge is then applied to both hedging and trading scenarios. Date: 22 - 23 Sep 2026 (Tue - Wed) Time : 9:00am - 5:30 pm Venue : Online What you’ll learn Please refer to the 2-day course outline here (/assets/r2/assets/legacy-v1/2e/2e339085ef75910e2ad13aa93aa2062d79ac2091fb0d9d5ef230b9cf2f398766-43d4ac83-b802-46ca-b631-b1ca3aee7d97_1714007667298.pdf) Requirements Fundamentals of financial and capital markets Who this is for Candidates preparing for the PKMC examination – Module 3 – Foreign Exchange Market Financial market practitioners that transact in the wholesale financial markets

Session

Common questions

Who awards the PKMC?

The certificate is awarded jointly by ACI-FMAM (the Financial Markets Association of Malaysia) and AICB (the Asian Institute of Chartered Bankers).

Who needs the PKMC?

ACI-FMAM requires it of dealers and brokers employed in licensed financial institutions and money broking firms. Members must pass all four modules before they participate in the interbank foreign exchange and money market.

Where do I register for the exams?

PKMC exam registration and booking are handled by AICB. Ogos Learning provides preparation courses, not the exams themselves.

Guides on this topic

PKMC registration: FMAM membership, enrolment and exam bookingPKMC Module 1: the regulatory framework module explainedPKMC Module 2: The Money Market explainedPKMC Module 3: The Foreign Exchange Market explainedPKMC Module 4: Risk Management & Basic Derivatives explainedMalaysian money market instruments: from interbank deposits to repos

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22 Sept 2026
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