Modules Description and Module Combination for Regulated Activities

shadow

The Securities Industry Development Corporation (SIDC) offers multiple choice question examinations for individuals wishing to undertake one or more regulated activities under the Capital Markets and Services Act 2007.

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 Futures & Options 60 90 70
16 Rules & Regulations of Futures and Options 80 120 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







 
Combination of Examinations


It is vital for capital market professionals to have the relevant competencies to participate in the capital market. In relation to this, Capital Markets Services Representative's Licence (CMSRL) applicants and candidates for head of operations, head of compliance and compliance officers are required to pass the relevant examinations as prescribed in the Licensing Handbook and those who intend to be employees of registered persons who carry out the permitted capital market activities are required to pass the relevant examinations as prescribed in the Guidelines on Investor Protection.

The combination of examinations applicable for the respective regulated activities and/or candidates for head of operations, head of compliance and compliance officers or for those who intend to be employees of registered persons who carry out the permitted capital market activities are as follows:

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.