SC Licensing Examinations

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SIDC serves as a one-stop examination centre for those seeking to be licensed by SC, those seeking to hold a position as head of operations, Head of Compliance or Compliance Officer and those who intend to be employees of registered persons who carry out the regulated activities specified in the Part 1 of Schedule 4 of the Capital Markets & Services Act 2007 (permitted capital market activities).

The SC Licensing Examinations are designed to set a minimum standard of competency required of individuals who wish to act as intermediaries in the Malaysian capital market. There are three levels of cognitive skills being tested, namely knowledge, comprehension, and application and analysis. The knowledge level requires studying, absorbing and recalling the memorised information. The level of comprehension requires an ability to grasp and understand the meaning of the principles or concepts for each subject. And finally, the application and analysis level which is the highest level of cognitive skills for licensing examinations, tests the candidate's ability to relate and apply the acquired information in market practices.

Currently, there are 13 modules of examinations being offered. Examination-related reference materials can be purchased from the SIDC Bookshop located on the Ground Floor of the SC Building.

Notice:

Candidates sitting for the licensing examinations are reminded that all Examination Study Guides published are correct at the time of print. Candidates are advised, however, to keep themselves updated as the licensing examinations will reflect the latest information.

In reference to changes on rules and regulations:

  • Changes and amendments to the business rules and listing requirements can be obtained from the Bursa Malaysia website.
  • Changes to guidelines issued by the SC are announced via press releases and the SC website.

Details on the SC Licensing Examinations

  • Description of Examination Modules

    1. The Securities Industry Development Corporation (SIDC) offers multiple choice question examinations for individuals wishing to undertake one or more regulated activities under a CMSRL.
       
      MODULE DESCRIPTION NO. OF QUESTIONS DURATION
      (MINUTES)
      PASS MARK
      %
      6 Stock Market and Securities Law 60 90 60
      7 Financial Statement Analysis and Asset Valuation 60 90 60
      9 Funds Management Regulation 30 60 60
      10 Asset and Funds Management 30 60 60
      11 Fundamentals of Compliance 40 60 70
      12 Investment Management and Corporate Finance 60 90 70
      14 Derivatives 60 90 70
      16 Rules & Regulations of Derivatives 60 90 70
      17 Securities and Derivatives Trading (Rules and Regulations) 100 150 70
      18 Securities and Derivatives Trading (Products and Analysis) 100 150 70
      19 Advisory Services (Rules and Regulations) 60 90 70
      19A Advisory Services (Rules and Regulations) - Part A 40 60 70
      19B Advisory Services (Rules and Regulations) - Part B 30 60 70







       
    2. The study outlines published by SIDC are designed to assist candidates in their preparation for the licensing examinations and are correct at the time of print. Study outlines for respective modules are available at www.sidc.com.my. SIDC can arrange for the delivery of the study outline by courier at a cost upon request.

    3. SIDC reserves the right to amend the study outlines from time to time as it deems appropriate.

    4. Given the rapid developments of the Malaysian capital market and the consequential changes in its regulations,candidates are advised to update themselves with the relevant changes before attempting the examinations.

    5. In the event of any amendments to financial reporting standards, contract specifications, acts, guidelines, rules and regulations, candidates will be tested on the previous financial reporting standards, contract specifications, acts, guidelines, rules and regulations for a period not exceeding one (1) month from the effective date of the amendments.

    6. The SC licensing examination is a computer-based examination (CBE) and the simulation for the CBE system is available at www.sidc.com.my. The simulation is intended to assist candidates in familiarising themselves with the format of the CBE system and consist of sample questions of all the modules. Candidates are encouraged to attempt the simulation prior to their actual examinations.

    7. Selected reference materials can be purchased at the SIDC shop.

  • Combination of Examinations

    Dealing in Securities Dealing in securities
    • Applicants must pass the SC Licensing Examination: Modules 6 & 7 or 6 & 18 or 7 & 17 or 17 & 18.
    Dealing in unlisted debt securities only
    • Applicants who are certified by Financial Markets Association or Persatuan Pasaran Kewangan Malaysia (PPKM) as eligible.
    Dealing in Derivatives
    • Applicants must pass the SC Licensing Examination: Modules 14 & 16 or 17 &18 or 14 & 17 or 16 & 18.
    Fund Management
    • Applicants must pass the SC Licensing Examination: Modules 9 & 10.
    Advising on Corporate Finance
    • Applicants must pass the SC Licensing Examination: Modules 12 & 19 or 12, 19A & 19B.
    Investment Advice
    • Applicants must pass the SC Licensing Examination: Modules 12 & 19 or 12 & 19A.
    Financial Planning
    • No specific licensing examination required.
    Head of Operations
    • Candidates must pass the SC Licensing Examination: Modules 6 & 7 or 6 & 18 or 7 & 17 or 17 & 18.
    Head of Compliance and Compliance Officer Candidates must pass the SC Licensing Examination - Module 11 and the relevant modules as determined by the regulated activities of his principal:
    • Dealing in securities - Modules 6 & 7 or 6 & 18 or 7 & 17 or 17 & 18;
    • Dealing in derivatives - Modules 14 & 16 or 17 & 18 or 14 & 17 or 16 & 18; and
    • Fund management - Modules 9 & 10.