IFMP Stock Brokers Certification (SBC), Pakistan study guide
IFMP Stock Brokers Certification (SBC), Pakistan · Work through your exam, one topic at a time.
The Stock Brokers Certification is an IFMP licensing examination for people who deal with clients at Pakistani brokerage houses. IFMP describes the exam as designed to meet the minimum qualification needs of capital market participants at brokerage houses with client interaction, and to ensure they are competent to provide buying and selling services to stock market investors. The IFMP Stock Brokers Certification (SBC), Pakistan study guide has 8 sections and about 2,576 words.
01Introduction to Financial Markets
This domain checks whether you can map Pakistan’s financial system: who issues securities, who invests, which market segment a transaction belongs to, and which body regulates it. Expect questions that separate money-market from capital-market instruments and primary issuance from secondary trading.
318 words, about 2 min02Regulatory Framework
This domain tests the legal hierarchy and the compliance duties that attach to a licensed broker. You must know who makes the rules, who enforces them, and which obligations follow from accepting a client or handling client assets.
328 words, about 2 min03Primary Market
This domain covers how new securities reach investors: public offers, book building, prospectus disclosure, allotment and listing. Questions often test the sequence of events and the difference between raising capital and trading it afterwards.
325 words, about 2 min04Secondary Market
This domain tests on-exchange trading after listing: order types, execution priority, price discovery, settlement timing and market-conduct rules. You should be able to trace an order from client instruction to PSX execution.
337 words, about 2 min05Clearing, Delivery, Settlement and Depository
This domain covers the post-trade chain: confirming and clearing trades, managing risk, delivering securities and paying cash, and holding securities in book-entry form. Expect questions that distinguish clearing from settlement and NCCPL from CDC.
310 words, about 2 min06Stock Brokers and their Clients
This domain covers the broker-client relationship: onboarding, authority to trade, account handling, charges, recordkeeping and conflicts of interest. Questions often turn on whether the broker acted within the client’s instructions.
322 words, about 2 min07Investor Protection
This domain tests the safeguards that give investors confidence: asset segregation, disclosure, complaint handling, direct holding options and prohibitions on abusive conduct. Expect practical questions on what an investor can do when something goes wrong.
310 words, about 2 min08Economics and Finance
This domain tests the macro and finance concepts a broker uses to explain market moves: interest rates, inflation, growth, fiscal policy, valuation and risk. Questions often ask for the direction of an effect rather than a precise forecast.
326 words, about 2 min