LICENSING APPLICATION KIT FOR NEW LICENSES

Issuance of Licences

The SC is empowered to issue licenses for the following market intermediaries, whose activities come under the purview of the Securities Industry Act 1983 and Futures Industry Act 1993:

Licensing ensures an adequate level of investor protection, including the provision of sufficient safeguards to protect investors from default by market intermediaries or problems arising from the insolvency of such intermediaries. More importantly, it instills confidence among investors that the organisations and people they deal with, will treat them fairly and are efficient, honest and financially sound.

Through its authority to issue licences, the SC regulates the market by ascertaining the fitness and propriety of companies and individuals applying for licences. In considering whether an applicant is fit and proper to hold a licence, the SC takes into account the following factors:

• Probity
• Ability to perform such functions efficiently, honestly and fairly
• Financial status
• Reputation, character, financial integrity and reliability

How to Apply

All licence applications must be lodged with the SC using the form prescribed by the Act together with a processing fee of RM50 made payable to "Securities Commission" at the following address:

Licensing Department
Securities Commission
No. 3 Persiaran Bukit Kiara
Bukit Kiara
50490 Kuala Lumpur

Licensing Application Kit For New Licences

• Introduction (pdf)
• Guidelines for Application for Dealer's Representative's Licence under the Securities Industry Act
  1983 (pdf)
• Statutory Declaration (pdf)
• Guidelines for Employment for Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form - Application for Employment of Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form 8 - Application for Representative's Licence (pdf)
• Checklist for the Submission of New Application for Dealer's Representative Licence (pdf)

Note : The Guidelines for Application for Dealer's licence under the Securities Industry Act 1983 is not available at the website due to the current freeze on the issuance of new licences for stockbroking as announced in the Policy Framework for Stockbroking Industry Consolidation on 21 April 2000. In relation to this, the respective form and checklist would also be made unavailable at the website.

• Introduction (pdf)
• Guidelines for Application for Fund Manager's and Fund Manager's Representative's Licence under the Securities Industry Act 1983 (pdf)
• Statutory Declaration (pdf)
• Self-examination checklist (pdf)
• Guidelines for Employment for Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form - Application for Employment of Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form 1 - Application for Fund Managers Licence (pdf)
• Form 4 - Application for Fund Manager's Representative Licence (pdf)
• Checklist for the Submission of New Application for Fund Manager's Licence (pdf)
• Checklist for the Submission of New Application for Fund Manager's Representative Licence (pdf)
• Readiness Checklist for Fund Manager (pdf)

• Introduction (pdf)
• Guidelines for Application for Investment Adviser's and Investment's Representative's Licence under the Securities Industry Act 1983 (pdf)
• Statutory Declaration (pdf)
• Guidelines for Employment for Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form - Application for Employment of Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form 5 - Application for Investment Adviser's Licence (pdf)
• Form 8 - Application for Representative's Licence (pdf)
• Checklist for the Submission of New Application for Investment Adviser's Licence (pdf)
• Checklist for the Submission of New Application for Investment's Representative Licence (pdf)
• Readiness Checklist for Investment Adviser (pdf)

Futures Broker and Futures Broker's Representative

• Introduction (pdf)
• Guidelines for Application for Futures Broker's and Futures Broker's Representative's Licence under the Futures Industry Act 1993 (pdf)
• Statutory Declaration (pdf)
• Guidelines for Employment for Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form - Application for Employment of Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form 1 - Application for Futures Broker's Licence (pdf)
• Form 3 - Application for Representative's Licence (pdf)
• Checklist for the Submission of New Application for Futures Broker's Licence (pdf)
• Checklist for the Submission of New Application for Future Broker's Representative Licence (pdf)

• Introduction (pdf)
• Guidelines for Application for Futures Fund Manager's and Futures Fund Manager's Representative's Licence under the Futures Industry Act 1993 (pdf)
• Statutory Declaration (pdf)
• Guidelines for Employment for Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form - Application for Registration as a Compliance Officer (pdf)
• Form - Application for Employment of Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form 3 - Application for Representative's Licence (pdf)
• Form 4 - Application for Futures Fund Manager's Licence (pdf)
• Self-examination checklist (pdf)
• Checklist for the Submission of New Application for Futures Fund Manager's Licence (pdf)
• Checklist for the Submission of New Application for Future Fund Manager's Representative Licence (pdf)

• Introduction (pdf)
• Guidelines for Application for Futures Trading Adviser's and Futures Trading Adviser's Representative's Licence under the Futures Industry Act 1993 (pdf)
• Statutory Declaration (pdf)
• Guidelines for Employment for Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form - Application for Employment of Non-Malaysian Nationals in the Securities and Futures Industries (pdf)
• Form 2 - Application for Futures Trading Adviser's Licence (pdf)
• Form 3 - Application for Representative's Licence (pdf)
• Checklist for the Submission of New Application for Futures Trading Adviser's Licence (pdf)
• Checklist for the Submission of New Application for Future Trading Adviser's Representative Licence (pdf)

Reminder

The SC strongly advises that anyone seeking to act as a participant in the securities or futures industry should acquaint themselves thoroughly with the provisions relating to the licence applied for under the relevant Act and the Regulations made thereunder.

It is a serious offence to operate in the securities and futures industry without an appropriate licence. A person without an appropriate licence required by the Acts is liable to a fine not exceeding RM1 million or imprisonment for a term not exceeding 10 years or to both, upon conviction.

Exemption

Some entities are exempted from the licensing requirements. These are set out in Part IV of the Securities Industry Act 1983 and Part III of the Futures Industry Act 1993 respectively.