SIDC INTRODUCES NEW EXAMINATION MODULES

The Securities Industry Development Centre (SIDC) on July 22, 2002 introduced licensing examination modules for Investment Representatives and Futures Trading Adviser’s Representatives and also consolidated the separate modules on futures and options into a single module.

Licensing Examinations for Investment Representatives and Futures Trading Adviser’s Representatives:

Effective July 18, 2002, those wishing to be licensed as Investment Representatives or Futures Trading Adviser’s Representatives are required to sit and pass two new examination modules, namely:

  • Module 12: Investment Management and Corporate Finance and
  • Module 15: Investment Advisory (Rules and Regulations).

Licensing candidates, whose applications for investment representatives and futures trading adviser’s licence are still pending or those who submitted new applications to the Securities Commission (SC) before September 19 2002 will be given six months from September 19, 2002 to pass the new examination modules. Those who fail to complete the examination modules within the stipulated period face the possibility of their licences be revoked or suspended by the SC.

The first examination for both modules will be held on September 19, 2002 and registration for both examination modules will commence from July 22, 2002.

Candidates who wish to sit for Module 12 examination can refer to the Module 12: Investment Management and Corporate Finance study guide. For Module 15 examination, candidates are required to refer to the Examination Guide on Legal Consideration and Code of Conduct, Policies and Guidelines on Issue/Offer of Securities, Guidelines on Asset Valuations, Malaysian Code on Take-overs and Mergers, Kuala Lumpur Stock Exchange (KLSE) Listing Requirements and KLSE Listing Requirements for the MESDAQ Market.

Consolidation of Module 2 and Module 3 Examinations

In-line with the Capital Market Masterplan recommendation to streamline the licensing examinations for capital market professionals, the SIDC has combined Module 2 (Futures) and Module 3 (Options) examination to form a single examination known as Module 14 (Futures and Options) for the futures industry.

The first examination for Module 14 will be held on September 5, 2002. Candidates who sit for either Module 2 or Module 3 or both modules before September 5, 2002, will be given a six-month grace period from September 2002 to complete their Module 2 or Module 3 examinations. Alternatively, they can sit for Module 14 to complete their examinations. The SIDC will continue to offer Module 2 and Module 3 to these candidates until end-February 2003.

Details of New Examination Modules: The details of the Modules 12, 14 and 15 examinations are as follows:

Modules / No. of Questions / Time Allocated (Minutes) / Passing
Mark / Types of Questions / Examination Fees
(RM)
Module 12: Investment Management and
Corporate Finance / 60 / 90 / 70 / Multiple Choice / 200
Module 14:
Futures and Options / 60 / 90 / 70 / Multiple Choice / 250
Module 15: Investment Advisory (Rules and Regulations) / 60 / 90 / 70 / Multiple Choice / 200

All reference materials for the new examination modules could be purchased from SIDC Corporate Service at the SC building.

For more information, please contact SIDC Corporate Services at 03 – 6204 8000 or visit the SC’s web-site at