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INTRODUCTION
These Rules and Regulations apply to admission requirements and professional examinations set and administered by the Institute of Bankers in Malawi for the Certificate in Banking Program.
ENTRY REQUIREMENTS
Candidates for the Certificate level must satisfy the following entry requirements.
- Must at least have Malawi School Certificate of Education (MSCE) with
credits in English Language and Mathematics or an equivalent
qualification.
- Any other qualification approved by the Institute at the recommendation of
the Academic and Quality Monitoring Committee.
- Candidates wishing to register for examinations will have to complete
prescribed forms which should be accompanied by prescribed registration
fees.
EXEMPTIONS
- Exemptions will be granted at the discretion of the Institute at the
recommendation of the Academic and Quality Monitoring Committee.
- Exemptions will be granted to students who possess academic and
professional qualifications from recognized educational institutions which
are acceptable by the Institute.
- Applications for exemptions must be accompanied by documentary
evidence of the qualification papers and exemption application fees.
EXAMINATION RESULTS
4.1 Examination results will be ready within two months from the date on which the last examination paper is written.
FAILURE TO SIT FOR EXAMINATIONS
- If for any reason a student has failed to sit for examinations after paying
examination fees, the fees will be carried forward and the student will be allowed
to sit for the next examinations provided that notification for such change is
received by the Institute two weeks before the examination date.
- Failure to do so shall mean the examination fees will be forfeited. However, such
students will be requested to pay an administration handling fee which will be
equivalent to 20% of the total examination fees paid.
- Similarly, if a student wants to withdraw from examinations after paying the fees,
the Institute will deduct 20% from fees already paid as handling fee and
reimburse the balance.
- Students will only be allowed to defer examinations twice and any further
deferments on other grounds other than due to illness or death of a close relative
will not be allowed. In such cases, the examination fees will be forfeited.
PENALTIES FOR IRREGULARITIES AND UNFAIR PRACTICES
The Council of the Institute will fully exercise its authority to impose penalties, at its discretion including disqualification from the Institute's examinations and/or membership, on any candidate who may have been found to have breached the Rules and Regulations of examinations or committed an act of misconduct in respect of any other matter affecting the Institute.
The irregularities students to be punished for may include but not limited to the following;
- Smuggling of forbidden/foreign material in the examination room.
- Copying answers from another candidate or referring to books,
notes or any other unauthorized sources.
- Communicating and/or colluding with others in the examination
room in a manner as to suggest cheating or passing on or receiving
information
APPEAL PROCEDURES - ADHOC APPEALS COMMITTEE
- There shall be an Adhoc Appeals Committee which will be constituted on a need
basis and disbanded after resolving any specific issues referred to. The Adhoc
Appeals Committee shall be constituted by the Chairman of the Academic and
Quality Monitoring Committee.
- Any student wishing to make an appeal must direct his/her case to the Executive
Director, Institute of Bankers who will in turn direct it to the Chairperson of the
Academic and Quality Monitoring Committee.
- Upon receiving an appeal, the Chairperson of the Academic and Quality
Monitoring Committee will constitute an Adhoc appeals Committee which will
consist of one Council Member who will chair the committee and three other
reputable individuals from IOB Malawi corporate members to handle the case.
- A student making an appeal shall be heard on his/her appeal orally or in writing
and he/she shall bear the cost of appealing for the purpose of being heard.
- Any official of the Institute affected by the appeal or his nominee shall be invited
as witnesses.
- After hearing the case, the Adhoc Appeals Committee will make its
recommendations to the Chairperson of the Academic and Quality Monitoring
Committee who will forward the case to the IOB Malawi Council with comments
for final decision. The Council's determination on any matter will be final.
AMMENDMENT OF RULES
The Council may, at the recommendation of the Academic and Quality Monitoring Committee, revise, amend or modify these rules and regulations in order to meet needs of the profession.
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