Education

A note on eligibility for Financial Sector Development Fund

A note on eligibility for 70% funding in respect of Financial Sector Manpower Conversion Scheme (FSMCS)

To benefit from The Monetary Authority of Singapore’s FSMCS grant of 70% of course fees, you are expected to be newly deployed or to be deployed in the area of Settlement Operation or Middle Office.  Please note that funding is on a reimbursement basis conditional on the candidate's passing of the Certification Examination.

In addition, if you are applying this course as an individual, you have to meet the following conditions:

Place-and-Train - Independents are required to be first selected and recruited by Financial Institutions, before they are sent for conversion training. Independents who are offered employment and sent for conversion training before they start working with their employers would also qualify for FSDF co-funding.

Reimbursement of Funding Upon Placement - Independents who are not recruited at the time of course commencement can choose to fully fund themselves for the programmes, if they are still keen to pursue a career in the conversion area. They would however, qualify for FSDF co-funding and disbursement only if they find employment in the conversion area within a year upon graduation from the conversion course, ie SOTC or MOTC.

Click here to download a brochure on the Financial Sector Manpower Conversion Scheme.

If you have enquiries pertaining to the courses, please contact our secretariat, Ms Lee Fong Ling or Ms May Wong at tel +65 67320430, fax +65 67320425, or email: secretariat@acisin.com

While every care has been taken in the compilation of the content here, ACI Singapore cannot accept responsibility for any inaccuracies or changes, or for consequential losses arising from such changes or inaccuracies, or for any other loss direct or consequential arising in connection with information in the content here.

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