Proposed FMRP Course for Middle & Back Office Support Functions Foundation Module Objectives To understand the structure of Financial Markets To be aware of Ethics & Behavioural Standards in Dealing To acquire a basic understanding of risk management To familiarize with General Dealing Principles & Market Conducts Overview on Financial Markets Financial Markets Structure Functions of Key Players and Institutions Overview of Local Regulatory Framework Ethics & Behavioural Standards Confidentiality Constraints on Dealer & Broker Entertainment, Gifts and Favours Dealing for Personal Account Market Conduct Overview on Risk Management Different Types of Risks Proper Segregation of duties and appropriate information barriers Money Laundering, Fraud and Other Criminal Activities Customer Due Diligence Transactions with Customers Electronic Trading Activities General Dealing Principles & Market Conduct General Dealing Principles Internal Control System After-hours and Off-premises Dealing Intra-day Deal Checks Stop-loss Orders Telephone Recording Deals done through broker Brokers Positions Points and Position Parking Management of dispute in dealing Complaints and Arbitration procedures ACU and DBU Transactions Topics Target Audience Compliance / Audit / Risk Management Operational / Internal Control

Specialist Course Modules Pre-Execution of Deal Module Execution of Deal Module Post-Execution of Deal Module Objectives To understand risk management To familiarize with internal controls To learn how to manage trade disputes To be aware of steps to handle market disruptions Objectives To understand the local regulatory requirements on dealers To be aware of restrictions imposed by MAS To be aware of relevant guidelines and regulations on various financial markets products Objectives To understand market practices for different financial markets products To be aware of restrictions on dealing To understand internal controls on dealing Acquire practical control functions on monitoring benchmark rate setting Topics Risk Management Transaction screening for Money Laundering, Fraud and Other Criminal Activities Risk monitoring tools Exception management General Dealing Principles & Market After-hours/Off-premises dealing Back Office Confirmation Procedures Market Practices on Settlements Management of transaction dispute Handling Market Disruptions Contingency Planning Topics MAS Fit & Proper Criteria SFA S131 and SFR (L&C) Regulation 5 MAS Notice 757 Customer Due Diligence Rules and Market Practices of SGS Guidelines for Banks whose Business includes Dealing in Government Securities Topics Specific Dealing Principles & Market Conduct for different types of products Dealing Practices – FX/NDF, MM, OTC Derivatives Other Market Instruments Benchmark Rate Setting Policies setting Risk mitigation measures Internal control steps on rate setting Principles governing the broking process in the financial markets Rollover of FX transactions at off-market rates Handling credit issues Proposed FMRP Course for Middle & Back Office Support Functions Target Audience Compliance Operational / Internal Control Audit Target Audience Middle Office Operational / Internal Control Risk Management Audit Target Audience Risk Management Operational Control Back Office Audit