CFP Study Guide - INSTITUTE OF FINANCIAL PLANNERS OF HONG ...

Exam Handbook:

CFP? Certification

AFP? Certification

STUDY GUIDE for CFP CERTIFICATION

EXAMINATION HANDBOOK

TABLE OF CONTENTS

I.

EXAMINATION STRUCTURE

1. Structure .................................................................................................... 3

2. Sequence of Examinations ........................................................................ 3

3. Language of Examinations......................................................................... 3

4. Duration ..................................................................................................... 3

5. Grading...................................................................................................... 3

6. Re-examination and Time Limit.................................................................. 3

7. Frequency.................................................................................................. 4

8. Overseas Certificants / International Reciprocity........................................ 4

II. EXAMINATION CONTENT AND FORMAT

1. Core Content Coverage ............................................................................. 5

2. Cognitive Levels ........................................................................................ 5

3. Balance of Emphasis ................................................................................. 6

4. Question Format ........................................................................................ 7

5. Update of Rules and Regulations............................................................... 7

6. Information Provided in Examination Paper ............................................... 7

7. Sample Examination Questions ................................................................. 7

III. EXAMINATION POLICY

1. Examination Regulations ........................................................................... 8

2. Examination Scoring .................................................................................. 8

3. Pass Score ................................................................................................ 8

4. Re-examination Policy ............................................................................... 9

5. Enquiries on Examination .......................................................................... 9

6. Examination Review .................................................................................. 9

7. Notice Relating to the Personal Data (Privacy) Ordinance ......................... 9

8. Non-discrimination Policy......................................................................... 10

9. Reservation of Right to Cancel Examination ............................................ 10

10. Amendments....................................................................................... 10

IV. REGISTRATION PROCEDURES

1. Application ............................................................................................... 11

2. Payment .................................................................................................. 12

3. Examination Correspondence.................................................................. 13

V. RESULTS AND CERTIFICATES

1. Examination Results ................................................................................ 15

2. Statement of Result ................................................................................. 15

APPENDIX 1: Information on Examination Papers and Examination Syllabus. 16

APPENDIX 2: Examination Regulations .......................................................... 23

APPENDIX 3: Notice relating to the Personal Data (Privacy) Ordinance.......... 28

APPENDIX 4: Cross-Border Examination ........................................................ 29

APPENDIX 5: Sample of Information to be Provided in Examination Paper..... 31

- Allowances and Tax Rate Table ........................................................................

Copyright ? 2024 IFPHK All rights reserved

III - 2

2024

STUDY GUIDE for CFP CERTIFICATION

I.

EXAMINATION HANDBOOK

EXAMINATION STRUCTURE

1.

Structure

The CFP? Certification Examinations are designed to assess the ability of

examinees to apply financial planning knowledge to financial planning situations,

thereby protecting the public by assuring that CFP certificants are at the

appropriate level of competency required for practice.

The Certification Examination consists of the following 3 examinations:

?

2.

?

CFP Certification Examination (Foundation Level);

CFP Certification Examination (Advanced Level Paper 1); and

?

CFP Certification Examination (Advanced Level Paper 2).

Sequence of Examinations

Examinees are expected to pass the Foundation Level examination prior to

proceeding to Advanced Level Paper 1 and Paper 2 examinations.

3.

Language of Examinations

The CFP Certification Examinations are all set in ONE of two languages: English

and Traditional Chinese. The examination questions of each examination of these

two versions are the same, and examinees can choose to take each examination

in ONE of the languages. They are required to confirm their preferred

examination language when submitting their examination application online or

using paper form. No change of the examination language is allowed after the

examination application is submitted.

4.

Duration

The examination time of each CFP Examination is as follows:

?

Foundation Level: 3 hours;

?

Advanced Level Paper 1: 3 hours and 30 minutes; and

?

5.

Advanced Level Paper 2: 2 hours and 30 minutes.

Grading

Each examination is graded independently and the result of one examination

does not affect another. Each examination is graded as follows:

6.

a.

Foundation Level: All questions in the examination are of equal marks.

b.

Advanced Level Paper 1: All questions in the examination are of equal

marks.

c.

Advanced Level Paper 2: All questions in the examination are of equal

marks.

Re-examination and Time Limit

Examinees are only required to re-sit the examination that they have failed.

There is no limit on the maximum number of re-sit examinations that one

examinee can take for any one of the examinations.

Copyright ? 2024 IFPHK All rights reserved

III - 3

2024

STUDY GUIDE for CFP CERTIFICATION

7.

EXAMINATION HANDBOOK

Frequency

Each of the three examinations is offered twice a year. IFPHK may adjust the

frequency of the above CFP Certification Examinations at its discretion.

8.

Overseas Certificants / International Reciprocity

For CFP Certificants who were first certified in territories other than Hong Kong,

and wishes to display the CFP Marks while delivering, directly supporting or

supervising the financial planning process or to hold himself or herself out as a

CFP professional in Hong Kong, he or she will need to pass the Cross-Border

Examination designed to assess examinees¡¯ understanding on Hong Kong local

laws and regulations. For details, please refer to Appendix 4 of this Examination

Handbook and Part V of the Certification Section of the Study Guide for CFP?

Certification.

Copyright ? 2024 IFPHK All rights reserved

III - 4

2024

STUDY GUIDE for CFP CERTIFICATION

II.

EXAMINATION HANDBOOK

EXAMINATION CONTENT AND FORMAT

1.

Core Content Coverage

The following table compares the core contents between the CFP Certification

Examinations (Foundation Level)14 and (Advanced Level Paper 1 and Paper 2):

Foundation Level

Advanced Level

Paper 1 and Paper 2

Professional skills

9

9

Financial planning 6-step process

9

9

Core Content

Integration of financial planning

components

(Comprehensive financial planning)

9

Financial management

9

9

Retirement planning

9

9

Investment products

9

9

9

Investment planning

9

Personal insurance products

2.

9

Insurance planning

9

Tax planning

9

Estate planning

9

Cognitive Levels*

The cognitive levels that are tested in the Foundation Level are:

?

Knowledge/Comprehension

?

Application/Analysis

?

Synthesis/Evaluation (in very limited subject areas only)

The cognitive levels that are tested in Advanced Level Paper 1 and Paper 2 are:

?

Knowledge/Comprehension

?

Application/Analysis

?

Synthesis/Evaluation

*Please refer to the Syllabus ¨C Descriptive Content Coverage for details.

14

Known as ¡°AFP? Certification Examination¡± prior to 2014.

Copyright ? 2024 IFPHK All rights reserved

III - 5

2024

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download