Module 3 tests candidate’s knowledge of related foreign exchange regulations as well as the monetary operations framework. Module 3 is divided into 3 parts as follows:
The examination content in each part is referenced from:
- Part 1: Foreign Exchange Regulatory Guidelines* can be downloaded below.
(Revised as of 22nd August 2022) Applicable for examination until 14th March 2026
- Part 2: Guidelines on Monetary Operations Framework can be downloaded below.
(Revised as of 30th June 2021)
- Part 3: Guidelines on BAHTNET System can be downloaded below.
(Revised as of 30th June 2021)
*Electronic copy of the Foreign Exchange Regulatory Guidelines will be provided during the examination.
- Foreign Exchange Regulatory Guidelines (Revised as of 13th February 2026)** can be downloaded below.
** Following the relaxation of Foreign Exchange (FX) Regulations as part of the FX Ecosystem Development Plan (effective on Dec 1, 2025), there is an update on FX regulations in Module 3 of the Treasury Dealer Certification (TDC) curriculum and examination. The change will be applied to all TDC candidates' tests starting from March 15, 2026. All candidates who take their TDC examinations on any day from today until March 14, 2026, will still be tested with the current curriculum and study materials.