RFP Module 3
Registered Financial Planner (RFP) Module 3
More study resources
Cheat sheet
Keep the key ideas within reach.
ExploreKey terms
Get comfortable with the vocabulary.
ExploreStudy plan
Give each week a clear focus.
ExploreCommon mistakes
Understand the traps and how to avoid them.
ExploreCase studies
Put your knowledge to work in context.
ExploreExam-day guide
Prepare for the day ahead.
ExploreAbout this exam
RFP Module 3 is one of the six taught modules (M1–M6) that make up the Registered Financial Planner qualification awarded by the Malaysian Financial Planning Council (MFPC). A parallel Shariah RFP track exists, and candidates sit the same module structure under either designation. Module 3 is one of six modules weighted equally at 14% each, with the Module 7 project paper carrying the remaining 16% - so no single taught module dominates your overall result, but each one must be passed. The qualification is aimed at practising and aspiring financial planning professionals in Malaysia who want a recognised designatory credential, and MFPC describes itself as an independent body advancing the profession through best practice standards and a Code of Ethics for RFP and Shariah RFP designees. The Malaysian Insurance Institute (MII) is the examination provider, and papers are sat at centres in Kuala Lumpur, Penang, Johor Bahru, Kuantan, Kota Kinabalu and Kuching. Module 3 sits inside the M1–M6 group whose results are notified within 30 days of the examination, with results collected from the MII portal. Preparation should combine the MFPC examination guidelines and project paper guidelines, the class schedule, and past-paper-style practice under timed conditions. Entry requires at minimum a degree or its equivalent with a full pass, following the change effective 1 January 2020.
What you'll study
About RFP Module 3 preparation
Who actually runs the RFP Module 3 exam?
MFPC owns the qualification, but The Malaysian Insurance Institute (MII) is the examination provider for MFPC examinations. Registration and fees go through MFPC and its 1st MFPC Portal; results are published on the MII website at mii4u.org. Contact MFPC's Examination Department at [email protected] or 03-62035899 for procedure questions.
What entry requirement applies to me?
MFPC's notice states the minimum requirement for RFP/Shariah RFP is a Diploma or its equivalent, but advises that effective 1 January 2020 the minimum was revised to a Degree or its equivalent (with a full pass). If you are registering now, work to the degree standard and attach a certified true copy of your certificate with your registration form.
Where can I sit the exam?
Examination centres are located in Kuala Lumpur, Penang, Johor Bahru, Kuantan, Kota Kinabalu and Kuching. MFPC also notes that examinations are not conducted on a National or State Public Holiday, and that MII/MFPC reserve the right to make changes when necessary, so confirm your centre and date against the examination schedule before booking travel.
How long until I get my Module 3 result?
Results for RFP/Shariah RFP Modules 1 to 6 are notified within 30 days after the examination. Module 7 and the Capstone take longer - 80 days upon submission of the project paper. You retrieve results from the MII website at https://www.mii4u.org/ilms/user/login rather than waiting for a letter.
Does Module 3 carry more weight than other modules?
No. Modules 1 through 6 are each weighted 14%, and the Module 7 project paper carries 16%. Module 3 is therefore worth the same as every other taught module. The practical implication is that you cannot afford to neglect any single module, since a weak paper in one is not offset by a strong performance elsewhere.
What happens if I let my MFPC membership lapse?
MFPC states that members who have discontinued their membership are prohibited from registering for the RFP and/or Shariah RFP examinations. If your membership has lapsed, deal with reinstatement before attempting to register for Module 3, otherwise your registration cannot proceed regardless of fees paid.
Is there a penalty for late submission of written work?
For RFP/Shariah RFP Module 7 and the RFP Capstone/Shariah RFP Capstone, a penalty fee is charged for project papers submitted during the penalty period, and that penalty is payable directly to MFPC. Module 3 itself is examined rather than project-based, but the rule matters once you reach the later stages of the qualification.
How should I sequence my study across the modules?
MFPC publishes a class schedule and examination schedule, so align your study order with the sitting dates rather than attempting everything at once. Read the Examination Guidelines and Project Paper Guidelines first, then build a revision plan around the module weightings. Note that Module 7 is the final step, and MFPC runs separate registration windows for it.
What do candidates most often get wrong?
The recurring errors are administrative rather than technical: registering without the entrance fee, membership subscription and registration fee all submitted before the closing date; sending uncertified documents; and assuming proof of sending equals proof of receipt. MFPC also warns it may decline an application or resubmission when the fee is omitted, so check the Table of Fee before submitting.