Frequently asked questions for Certification Programme for Virtual Asset Professionals (CVAP)
There is no prerequisite for entering to the CVAP.
Participants are required to complete the core curriculum and fulfil the completion requirement of any of the two elective modules within six months of enrolling core curriculum.
Individuals who are interested in the CVAP can enrol the core curriculum and elective modules via the HKSI Institute's Online Portal. Creating a free online account is required for enrolment, and the training and examination records, as well as the receipt can be easily retrieved through the account.
After created the Online Portal account, participants should enrol in and complete core curriculum before enrolling any two elective modules independently, as listed on the CVAP webpage.
The CVAP follows a two-step completion process, which must be finished within six months of enrolling in the core curriculum:
- Step 1: Enrol and complete the core curriculum
- Step 2: Enrol and complete two elective modules
All training modules, including both fundamental and elective modules, are self-paced eCourses with 90-day access period after enrolment.
Each module has a duration of one hour and are eligible for CPT hours under the Securities and Futures Commission (SFC) and On-going Professional Training (OPT) hours under the Private Wealth Management Association (PWMA).
No. Individuals MUST enrol the full programme of the core curriculum, which include an eCourse with three fundamental modules and a post-training examination.
While each fundamental modules are available for individual enrolment as standalone CPT eCourses through our VA-related CPT courses page, completing these individual eCourses does NOT meet the training requirements needed to take the examination.
The post-training examination consists of 40 multiple-choice questions (MCQs) to be completed within 60 minutes and it is conducted in computer-based mode. The pass mark is 80%.
The post-training examination of CVAP core curriculum is held monthly. Participants who enroled the core curriculum are required to schedule their session with an examination date that falls within 90 days of their enrolment date.
Participants who have not scheduled their examination session before the scheduling deadline due to any reason WILL NOT be able to take the examination. In such cases, participants will be marked as ABSENT, and all fee will neither be transferable nor refundable.
Participants who do not complete the eCourse comprising the fundamental modules five days before the scheduled examination will be ineligible to attend the examination as their examination enrolment will be automatically withdrawn. All fees paid will be non-transferable and non-refundable.
If participants are aware in advance that they cannot complete the eCourse five days before the scheduled examination, they are strongly encouraged to reschedule to any available session within 90 days of their core curriculum enrolment date. Rescheduling must be completed at least six days before the scheduled examination session. Click here for details on rescheduling.
Those who do not reschedule the examination session within the required deadline and fail to attend the scheduled examination may re-enrol for the post-training examination at an additional cost after completing the eCourse within the 90-day eCourse access period.
Candidates can view their grade in the examination system immediately after the respective examination session. They can also download and print the Notification of Results and Performance Analysis from the Online Portal approximately 24 hours after each examination.
Participants will be graded ABSENT if they do not attend the examination on the scheduled examination date. Absentees will not be re-scheduled to another examination session and all fees paid are non-transferrable and non-refundable.
If participants are aware in advance that they cannot attend the examination on the scheduled date, they may reschedule to any available session within 90 days of their enrolment date. Rescheduling must be completed at least six days before the scheduled examination session. Click here for details on rescheduling.
Participants who completed all fundamental modules but failed the examination of the CVAP core curriculum are allowed to retake within six months after the enrolment of the core curriculum and are NOT required to go through the eCourse again.
As the eCourse are accessible via the HKSI Institute Online Portal until 90 days after the enrolment date, participants who decided to retake the examination are encouraged to download the training materials for revision purposes.
WAM eligible participants seeking to reimburse 80% of the programme fee for the CVAP core curriculum must pass the post-training examination.
Participants who do not pass the initial examination must re-attempt and pass the re-examination within one month from the date of his/her first examination in order to qualify for the reimbursement. However, the fee for re-examination is non-reimbursable.
Each elective module includes a post-course assessment in the form of multiple-choice questions, which participants must pass with a minimum score of 80% to successfully complete the module.
There is no restriction on the number of elective modules participants can enrol in for their own learning purposes. However, for competing the CVAP, participants are required to complete TWO elective modules in addition to the core curriculum.
Thus, if participants complete the core curriculum and more than two elective modules, they will receive only one Certificate of Virtual Asset Professional.