FTS Eligible
FTS Eligible
About FTS
This programme is recognised under the Financial Training Scheme (FTS) and is eligible for FTS claims subject to all eligibility criteria being met.
The Financial Training Scheme ("FTS") provides funding for financial sector-specific training programmes which are recognized under FTS.
The enhanced course fee subsidies are part of MAS’ support package to sustain and strengthen capabilities in the financial services and FinTech sectors amid the current economic slump. This will help to position financial institutions (FIs) and FinTech firms for stronger growth when the threat of COVID-19 recedes and economic activity normalises.
The enhanced course fee subsidies will apply to IBF recognised courses that commence on or after 8 April 2020, up to 31 December 2021, and are completed no later than 30 June 2022.
Who is Eligible?
Company-Sponsored participants are required to be
- Only company-sponsored individuals; and
- Singapore Citizens or Singapore Permanent Residents, physically based in Singapore; and
- Successfully completed FTS recognised programme
Which company is eligible to submit claims for company-sponsored participants?
- Singapore-based financial Institutions regulated by MAS (licensed or exempt from licensing by MAS)
What it covers?
- Funding support to 90% of direct training cost* for all Singapore Citizen and Permanent Residents
- Delegates have to pay only 10% of course fee
* Direct training cost would be based on the programme fee charged by the external training provider or apportioned basic salaries of internal staff involved in developing and/ or delivering in-house programmes.