Membership Fees

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Membership Guidelines

The Membership Guidelines serve as a guide to streamline the standard operating procedures pertaining to membership matters.

Entrance Fees and Yearly Subscriptions schedule for all types of Membership are as follow:-

Membership Type Entrance Fees Yearly Subscriptions
ChPO Member Nil RM106.00
FSO Member RM1060.00 RM1060.00
CHFSI RM5300.00 RM1060.00
FSI Member RM530.00 RM1060.00
FSF Member RM106.00 RM530.00
Ordinary Member RM53.00 RM212.00
Fellow Member RM53.00 RM318.00
Student Member RM53.00 RM80.00
Affiliate Member – Individual RM53.00 RM100.00
Affiliate Member – Corporate RM106.00 RM530.00

Fees collection

Members are required to subscribe annual subscriptions to maintain membership. Three letters will be issued by MFPC Secretariat to members on membership fee :-

A Renewal Notice will be issued in the 1st week of December to draw members’ attention that annual subscription shall be payable on 1st January each year.

First Reminder Letter will be issued in the 1st week of February to remind members’ who have outstanding payment to remit payment not later than 28 February.

Second Reminder Letter will be issued in the 1st week of March to remind those yet to settle the outstanding payment to remit payment not later than 31 March.

*Notification on Ceased of Membership

A member who allows his/her arrears to exceed a period of three months shall cease to be a member. Upon approval from the National Council; ceased members’ will be given a notification informing their ceased membership status with the MFPC. Notification is send to members’ correspondence address through normal pos.

Reinstatement Fee; Membership Arrears and Refresher Course for Lapsed Membership

Members with an outstanding membership fee for more than 3 months will be ceased to be a member.  He/she is required to appeal for reinstatement through the Vice President of Membership by fulfilling the requirements set by the Membership Committee and approved by National Council from time to time.

The reinstatement appeals will be reviewed by the Membership Committee and subject to the approval of the Committee.  He/she is required to pay the amount in arrears plus the current annual subscription and reinstatement fee in order to reinstate his/her membership.

Category of Membership Reinstatement Fee Current Year Membership Fee Membership Arrears To attend Refresher Course
(# Number of Year Lapsed)
Ordinary / Fellow MFPC
Membership Lapsed for RM200 RM212 RM212 x #Years N/A
1 to 4 years
Membership Lapsed for RM200 RM212 RM212 x #Years CPFP
5 years and above
RM1,800
30 CPD Hours required per
year
Affiliate RFP / Shariah RFP
Membership Lapsed for RM100 RM100 RM100 x #Years N/A
1 to 4 years
Membership Lapsed for RM100 RM100 RM100 x #Years M1  Refresher Course
5 years and above
RM1,000
20 CPD Hours required per year
Student
Membership Lapsed for RM80 RM80 N/A N/A
1 to 4 years
Membership Lapsed for RM80 RM80 N/A M1 Refresher
5 years and above Course
RM1,000
CPD fulfilment is not
applicable

It’s important to observe that RFP/Shariah RFP/Affiliate RFP/Affiliate Shariah RFP designee shall remain active member of the MFPC to declare and proclaim the professional title and qualification for professional practice; commercial or academic purposes.

Membership Automatic Upgrade Mechanism

Effective 1st January 2017, Certification & CPD Board adopt and enforce automatic upgrade mechanism for Student Membership to be upgraded to Affiliate RFP/Shariah RFP Membership; and for Affiliate Membership to be up-graded to Ordinary Membership upon successful completion (Passed) of the relevant RFP/Shariah RFP examination(s) of the members.

Timeframe to Complete the RFP/Shariah RFP Programme

Effective 1st January 2017, all Members are required to complete RFP/Shariah RFP programme within 7 years from the date of examination registration of the RFP/Shariah RFP programme. For example, if a new student registers RFP Module 1 Examination on 15 June 2017; he/she is required to complete the entire RFP programme (7 modules) by 15 June 2024.

Annual 30-CPD Credit Hour requirement for Ordinary Members

For Ordinary Members, they shall comply to complete an Annual 30-CPD Credit Hour requirement.  They are required to submit all Certification of Completion Letters/ Certifications (Certified True Copies are acceptable) upon membership renewal and/or by December each year.

Annual 20-CPD Credit Hour requirement for Affiliate Members

For Affiliate Members, they shall comply to complete an Annual 20-CPD Credit Hour requirement.  They are required to submit all Certification of Completion Letters/ Certifications (Certified True Copies are acceptable) upon membership renewal and/or by December each year.

Registration of Examination

Student Members with outstanding membership fee shall not be allowed to register for RFP /Shariah RFP examinations

Registration in October, November and December for the new year

New member who has registered and made payment in the month of October, November and December shall be considered membership payment paid for the relevant month(s) and the coming new year (15 months membership).

 Materials to be given for new member

A new member (Ordinary Member, Affiliate RFP/Shariah RFP Member, ChFSI, FSI, FSF, FSO & Affiliate Corporate) shall be given;

i.  RFP Certificate/Corporate Certificate

ii. Constitution of the MFPC

iii. Code of Ethics, Practice Standards and Disciplinary Proceedings.

Member shall be given a membership card annually. Active Ordinary member and Affiliate Member, his/her name shall be displayed onto MFPC Website.

Affiliate RFP/Shariah RFP and Student Member shall be given a student membership number and an official receipt to be issued upon receipt of annual subscription within 30 Working days.

Membership verification

Membership verification can be performed on complementary basis upon request by Members with “Active” membership status only. For “Non-Active” members; request must be made in writing; and administration fee RM31.80 (inclusive GST) is applicable for one (1) verification to be conducted.


More info : New Revised Fee GST (PDF)

More info : JomPay Payment Guideline

More info : Application Form (PDF)

 

1478048881-4554-jompayWeb-01

 Please contact Pn.Fauziah at 03-6203 5899 or email fauziah@mfpc.org.my