For more information:
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IBF information on CAIA
Effective beginning with the 2025 March exam cycle:
CAIA Association (CAIA) and the Institute of Banking and Finance (IBF) offer targeted support under the IBF training schemes to enhance funding for talent development programs in growth and priority areas.
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Individual Sponsored Participation
Company Sponsored Participation
The Funding under the IBF Standards Training Scheme pertains to the CAIA Exam Registration* Fee for Level I and Level II (either First Time or Retake) (refundable programme fees) only (NOT enrollment fee).
- 50% funding for CAIA Exam registration fee (refundable programme fees) is available for Singapore Citizens and Permanent Residents
- 70% funding for CAIA Exam registration fee (refundable programme fees) is available for Singapore Citizens aged 40 and above in the same calendar year of exam registration
IMPORTANT:
CAIA Association Has Final Authority on Disputes: Any disagreements regarding refundable programme fees will be resolved at CAIA Association’s sole discretion. IBF will not be involved.
CAIA Association is required to report personal identifier information and exam results to IBF, regardless of the outcome.
Acceptance of Terms: By continuing to register for the programme after reviewing the above information, candidates imply full acceptance of all terms.
Funding under the IBF Standards Training Scheme pertains to the CAIA Exam Registration Fee (either first time or retake) only. For more detail: https://caia.org/registration-and-fees. The IBF funding will not cover the one-time program enrollment fee, print, or third party provided material.
For additional information regarding IBF funding requirements and eligibility, as well as for CAIA exam registration, please visit the IBF website or contact CAIA Association directly via email at caia-ibf@caia.org.
For Individual Sponsored Participation
Eligibility Requirements for Reimbursement
To be eligible for reimbursement under the IBF Standards Training Scheme (STS), participants must meet the following criteria:
- Be a Singapore Citizen or a Singapore Permanent Resident.
- Be physically based in Singapore.
- Take the CAIA Level I or Level II exam at a Singapore test center.
- Successfully pass the CAIA Level I or Level II exam (will be validated during Step 2 of the application process).
Note: You, the Candidate, are responsible for the full exam fee, regardless of IBF reimbursement eligibility.
Application Process
The application process consists of two steps. Step 2 is contingent on the successful completion of Step 1. Failure to complete Step 1 or missing any deadlines will disqualify you from IBF funding, even if you complete Step 2 later.
Step 1: Initial Eligibility and Interest Submission
Within seven (7) calendar days after the CAIA Exam “Registration Close”, Singapore-based candidates will receive an email to confirm initial eligibility for the IBF STS scheme and interest in participating. If the response is affirmative, you will be asked to complete the Individual Sponsored Participation Application Form with the following information (including but not limited to):
- NRIC
- Full Name
- Date of Birth
- Singapore Mobile Number
- CAIA Exam Registration Invoice
Deadline: You must complete and submit the form within seven (7) calendar days of receiving the email.
Step 2: Submit Passing Exam Results (Contingent on Step 1)
Within seven (7) calendar days after the CAIA exam grade release, candidates who passed the CAIA Level I or Level II exam and completed Step 1 will receive an email with a link to the Exam Result Form. You must complete the form and upload the following document:
- Candidate Performance Report
Deadline: You must complete and submit the form within seven (7) calendar days of receiving the email.
Important Remarks:
- You are not eligible to apply for additional CAIA Discounts or Scholarships.
- Employees of MAS or IBF, as well as civil or public servants, are not eligible to IBF funding.
- Only the registration fee for the attempt in which you pass is eligible for reimbursement. For retake candidates, only the retake registration fee is reimbursable (the original registration fee is not).
- Reimbursement will be made in SGD to your PayNow account linked to your NRIC number. No exceptions can be made.
- Reimbursement of refundable programme fee may take up to four months from the last day of the exam window or within 2 months from the release of exam results, whichever is later.
- GST (Goods and Services Tax) are not reimbursable under IBF schemes.
For Company Sponsored Participation
Eligibility Requirements for Reimbursement
To be eligible for reimbursement under the IBF Standards Training Scheme (STS), participants must meet the following criteria:
- Be a Singapore Citizen or a Singapore Permanent Resident.
- Be physically based in Singapore.
- Take the CAIA Level I or Level II exam at a Singapore test center.
- Be employed by Singapore based Financial Institutions regulated by the Monetary Authority of Singapore (MAS) as listed on MAS FI Directory or FinTech firms certified by Singapore FinTech Association (SFA).
- Successfully pass the CAIA Level I or Level II exam (will be validated during Step 2 of the application process).
Note: Your Company is responsible for the full exam fee, regardless of IBF reimbursement eligibility.
Application Process
The application process consists of three steps. Step 3 is contingent on the successful completion of both Step 1 and Step 2. Failure to complete Step 1 or Step 2, or missing any deadlines, will disqualify you from IBF funding, even if you complete Step 3 later.
Step 1: Exam Registration and Invoice Request
To participate in the IBF STS scheme as a company-sponsored candidate, you must:
- Complete the exam registration process.
- Select [Pay Later] when you reach your shopping cart.
- Email us at caia-ibf@caia.org with the subject line: IBF Company Sponsored Participation.
- Company completes payment before the deadline.
Include the following details in the email:
- Your CAIA ID.
- Your First Name and Last Name.
- Invoice number of the exam you are registering for (found in your "My Account" profile page under “My Invoices” by selecting “View details”)
- Company Name and Address.
- Company Point of Contact: Name and Email address.
- Company Unique Entity Number (EUN).
The CAIA IBF team will issue an invoice in your company’s name, referencing you as the participating candidate. The amended invoice will be shared with your employer for payment, and you will be cc’d for transparency.
Deadline: Payment must be completed before the close of early registration or standard registration, depending on when you registered.
Step 2: Declaration Form Submission
The CAIA IBF team will provide you with a link to a declaration form via email after Step 1 is successfully completed. You must complete and sign the Company Sponsored Participation Declaration Form and provide the following information (including but not limited to):
- NRIC
- Full Name
- Date of Birth
- Singapore Mobile Number
Deadline: You must sign and submit the declaration form within seven (7) calendar days of receiving the email.
Step 3: Submit Passing Exam Results (Contingent on Step 1 and Step 2)
Within seven (7) calendar days after the CAIA exam grade release, candidates who passed the CAIA Level I or Level II exam and completed Step 1 and Step 2 will receive an email with a link to the Exam Result Form. You must complete the form and upload the following document:
- Candidate Performance Report
Deadline: You must complete and submit the form within seven (7) calendar days of receiving the email.
Important Remarks:
- You are not eligible to apply for additional CAIA Discounts or Scholarships.
- Employees of MAS or IBF, as well as civil or public servants, are not eligible to IBF funding.
- Only the registration fee for the attempt in which you pass is eligible for reimbursement. For retake candidates, only the retake registration fee is reimbursable (the original registration fee is not).
- Reimbursement will be made in SGD to your company’s Pay Now account linked to your company’s Unique Entity Number (EUN). No exceptions can be made.
- Reimbursement of refundable programme fee may take up to four months from the last day of the exam window or within 2 months from the release of exam results, whichever is later.
- GST (Goods and Services Tax) are not reimbursable under IBF schemes.