Inquiring with the ICM

1. Who should I contact for inquiries?

Please contact the ICM’s Programme Officer or refer to ‘Contact us’ section at our website www.icm.org.pk

2. How do I lodge a complaint with ICM?

Under the ‘Contact us’ section, please refer to “Feedback & Suggestions” where you can submit your complaints and feedback. You may also send an email to info@icm.org.pk

General information on the ICM

3. What is the ICM?

The Institute of Capital Markets (ICM) is Pakistan’s first securities market institute, and is a permanent platform for development of certified and knowledge professionals to meet the emerging needs of the capital markets and to create minimum knowledge standards for market professionals.

4. When was ICM established?

ICM was established in 2009 as a discrete legal entity, and is operating as an Association ‘Not for Profit’ licensed under Section 42 of Companies Ordinance, 1984.

ICM is headquartered in Karachi, Pakistan.

5. What is the overall objective of the ICM?

Bring contemporary knowledge and ethical standards to Pakistan’s capital Markets; as are practiced in structurally parallel but advanced jurisdictions.

To develop an industry focused membership organisation to raise the ethical levels and knowledge standards in the Financial Services Industry and foster professional development through.

• Providing practical and contemporary skills;
• Undertaking research towards developing financial markets;

6. From where can I obtain more information about ICM?

You can browse through ICM’s website www.icm.org.pk which is a comprehensive source of information about the Institute. You may also request for the detailed information material by emailing to info@icm.org.pk

7. What is the general contact information of ICM if I wish to make an inquiry?

You can address all your inquiries to the ICM’s Programmes Department through a telephone call at: 021-32072097, 0332-3295790 or email at info@icm.org.pk Also, under the ‘Contact us’ section on this website, using the “Submit a Query” option you can submit your queries.

8. I wish to obtain some publications from ICM. How do I do that?

If you are an enrolled candidate or member of the ICM, please send a request including the details of your requested publications to admissions@icm.org.pk. The requested publication will be sent to your provided email address and subject to availability. All other information and general material is available at ICM’s website and is free to download.

9. I notice ICM offers different certifications programmes throughout the year. Are these programmes
    open for everyone and how do I enrol?

10. Can I cancel my enrolment?

All fees and documents once submitted are non-refundable, non-returnable and non-transferable. The enrolment cannot be cancelled and examinations cannot be deferred by the candidates.

11. When is the closing date to enrol for the programmes?

ICM’s programmes are open for enrolment throughout the year, but registration closes for the respective examination 30 days prior to the scheduled date of that examination. Candidates should clearly indicate the Examination dates which they want to take, at the time of sending the Examination Registration Form.

12. What modes of payment are accepted by the ICM?

For ICM Programme fees; a Pay Order or a Demand Draft of required amount, as detailed in the Fees and Schedules section of this website for respective programmes is required to be submitted in favour of "INSTITUTE OF CAPITAL MARKETS". Please note that candidates sending applications from outside Karachi city need to send a Demand Draft in favour of "INSTITUTE OF CAPITAL MARKETS" while candidates from Karachi can submit a Pay Order.

13. Can I extend my course?

Candidates are required to appear in the examinations for which they have registered themselves through submission of the ‘Examination Registration Form’, No extensions and examination deferments are allowed and provisions as detailed under ‘Examination Regulations’ apply.

14. Can I transfer from one course to another course?

All ICM programmes are non-transferable. Candidates should seek separate enrolments for each separate programme.

15. To whom should Programme Enrolment Form be submitted?

The candidate should complete the Programme Enrolment Form and return it to INSTITUTE OF CAPITAL MARKETS by submitting the form and other required documents in a sealed envelope and clearly marked “INSTITUTE OF CAPITAL MARKETS” at any of the listed OCS Centre. OCS will not charge for delivering of document to the ICM.  To find out any of the listed OCS Centre nearest to you, please check http://icm.org.pk/downloads/OCS Selected Express Center for ICM Drop box Facility.pdf.

16. What are the available student’s resources?

ICM maintains and regularly updates a wealth of information on its website, which is easily accessible and free to download. The study material provided to the candidates also includes a list of recommended readings. Candidates are also encouraged to seek additional reference and informational material from other sources.

17. How many times can I sit for the examination? Is there any limit?

There is no limit on re-sits in the ICM examinations.

18. How frequent are certifications examinations conducted?

ICM intend to hold the examinations every quarter i.e. four times in a year.

19. How do I enrol for the programme?

Candidates are required to download the ICM Programme Enrolment Form from ICM's website under ICM Forms Section. The ICM Programme Enrolment Form should be duly filled and annexed with all the required attachments including attested copies of all academic/ professional qualifications certificates and transcripts, attested copies of professional/ work experience letters (if any), attested copy of Computerized National Identity Card (CNIC) (Foreign citizens should attach copy of passport) and two (02) Passport-sized colour recent photographs.

20. What kind of courses ICM organizes?

At present, ICM is offering following two certification programmes:

i) ICM Stock Brokers Certification Programme 
ii) ICM Mutual Fund Distributors Certification Programme  

The details about these programmes are available under the “Programmes” section of this website.

21. Where can I find information on the training opportunities available through ICM?

ICM offers the unique experience of learning through self-study guides. There is no classroom teaching mechanism available through ICM and the Institute at present does not endorse any examination preparatory service providers. However if you feel any difficulty in understanding of an issue, you can email your query to ICM and it will be responded.

22. Is there any minimum certification level which one must qualify to affiliate with ICM?

To become a member of ICM, candidates are required to pass at least one of its programmes.

ICM’s Institutional Structure

23. Who are ICM’s board members and what do they do?

Following are the ICM Board Members:

1.   Mr. Nasim Beg, Chairman
2.   Mr. S. Gulrez Yazdani, Director/ Chief Executive
3.   Mr. Mohammad Shoaib, Director
4.   Mr. Adnan Afridi, Director
5.   Mr. Shamshad Nabi, Director
6.   Mr. Samir Ahmed, Director
7.   Mr. Muhammad Hanif Jakhura, Director
8.   Mr. Muhammad Lukman, Director
9.   Mr. Omer Khalil Malik, Director
10. Mr. Imtiaz Haider, Director
11. Mr. Hasan A. Bilgrami, Director

For further details about the members of the ICM Board of Directors, please see the option “Board of Directors” under the menu ‘About ICM’.

24. Who owns ICM?

ICM is an independent legal entity, and is operating as an Association ‘Not for Profit’ licensed under Section 42 of Companies Ordinance, 1984. The shareholders of ICM are:

1.   Securities & Exchange Commission of Pakistan (SECP)
2.   Karachi Stock Exchange (Guarantee) Limited (KSE)
3.   Lahore Stock Exchange (Guarantee) Limited (LSE)
4.   Islamabad Stock Exchange (Guarantee) Limited (ISE)
5.   National Commodity Exchange Limited (NCEL)
6.   Central Depository Company of Pakistan Limited (CDC)
7.   National Clearing Company of Pakistan Limited (NCCPL)
8.   Mutual Funds Association of Pakistan (MUFAP)
9.   CFA Association of Pakistan (CFAAP)
10. Institute of Cost & Management Accountants of Pakistan (ICMAP)

Membership

25. What are the membership benefits?

All ICM members are entitled to receive updates and announcements. They will also regularly receive a copy of quarterly of ICM. They can also mention ICM’s membership in their resumes, which will be duly endorsed by the Institute.