PKMC Exam Information and Outline
Pasaran Kewangan Malaysia Certificate (PKMC)
Syllabus Update Checked on: November 6, 2026
PKMC Exam Syllabus & Study Guide
Before you start practicing with our exam simulator, it is essential to understand the
official PKMC exam objectives. This course outline serves as your roadmap.
The information below reflects the 2026 syllabus defined by
AICB.
Below are complete topics detail with latest syllabus and course outline, that will help you good knowledge about exam objectives and topics that you have to prepare. These contents are covered in questions and answers pool of exam.
- Exam Format
- Four modules, each assessed by its own online MCQ examination (Pearson VUE)
- Module II: 80 MCQs (60 independent, 20 scenario-based), 2.5 hours, pass mark 75%
- Module I: Regulatory Framework and Structure of the Malaysian Financial Markets
- Role of Bank Negara Malaysia and regulators
- Market participants, conduct and codes of practice
- Module II: The Money Market
- Overview of financial markets (6%)
- Structure of money markets, central banks and Eurocurrency deposits (10%)
- Money market conventions (10%)
- Time value of money (14%)
- Fixed income instruments (9%)
- Money market instruments (9%)
- Reserve and liquidity requirements (8%)
- Cost of funds (9%)
- Money market management and strategies (11%)
- Introduction to Islamic money market (14%)
- Module III: The Foreign Exchange Market
- Spot and forward FX, quotation conventions and cross rates
- FX swaps and dealing practice; foreign exchange policy
- Module IV: Risk Management and Basic Derivatives
- Market, credit, liquidity and operational risk in treasury
- Forwards, futures, swaps and options basics