Protective circuit module and battery pack having the same

A protective circuit module for controlling an electrical state of a secondary battery, the said protective circuit module comprising: a printed circuit board; an integrated circuit chip mounted on the printed circuit board; a passive device electrically connected to the integrated circuit chip; and an encapsulant; wherein the encapsulant encapsulates the integrated circuit chip and a first part of the passive device, but does not encapsulate a second part of the passive device.