Macau Institute of Financial Services (IFS)
The Macau Institute of Financial Services (IFS) was established in March 2002. Its founding members are the Monetary Authority of Macao, Macao Association of Banks, Macao Insurers’ Association and Macao Insurance Agents and Brokers Association. The objectives of IFS are to upgrade the professional standard of Macao’s financial practitioners by providing professional training and examinations aiming to foster the sustainable development of Macao’s financial industry.
In accordance with its objectives, IFS has carried out various activities. Its diversified training programs include practical training courses, seminars providing participants with up-to-date information, internationally-recognized professional certification programs, etc. Furthermore, in order to uphold the professional standard of Macao’s financial practitioners, IFS holds licensing and certification examinations in the financial area, such as Insurance Intermediaries Qualifying Examinations (IIQE), Hong Kong Licensing Examination for Securities and Futures Intermediaries, CFP Certification Examinations, Shenzhen-Hongkong-Macau FinTech Professional Program, etc.
The Continuing Professional Development (CPD) Programme for insurance intermediaries has been implemented in Macao since 2018. It aims to promote the professionalism of insurance intermediaries through continuous learning. IFS has been appointed by the Monetary Authority of Macao as the assessment body of the CPD Programme since 2018.
Up to June 30, 2023, IFS activities had attracted over 166,000 enrolments, including over 48,000 enrolments in IFS training programs, and over 118,000 enrolments in licensing and certification examinations in the financial area (over 116,000 enrolments in the IIQE, and about 2,000 enrolments in other examinations).