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This FAQs applies to both Capital Markets and Services Representative’s Licence (CMSRL) holders and the employees of registered persons (ERPs) and addresses the general and common queries on matters pertaining to CPE requirements and compliance. Please refer to the FAQs on Guidelines on Investor Protection which specifically relates to the ERPs and the Guidelines of Investor Protection (IP Guidelines).

1. Why should I be learning continuously?
Like most capital markets, our capital market is one marked by dynamic changes. Hence, in your profession, it is crucial that you update your knowledge constantly to meet market needs.
2. Why is CPE mandatory?
Though CPE is not a guarantee of professional competence, it puts in place the fundamentals required for ensuring that the market is served by professionals who have an acceptable level of knowledge, skills and capability. It also inculcates a culture of continuous learning and improvement among the said professionals which will be in the best interest of the investors.
3. How much should I do?
As a CMSRL holder, the minimum requirement would be for you to accumulate 20 CPE points in a year on or before the anniversary date of their licence by carrying out any of the CPE-recognised activities.Effective from 1 January 2011, all ERPs who have passed the required examinations OR who have obtained the necessary exemptions as prescribed under the Guidelines are required to collect and fulfill 40 CPE points for every 2 years from the date of registration by the CPE Secretariat. For an ERP however, you will be required to collect 40 CPE points in each two (2) year cycle period, commencing from 1st January 2011 onwards (for those who passed all the requisite  examinations prior to 1st January 2011). As for those who have passed the said examinations or have been granted with the exemption prescribed in the IP Guidelines after 1st January 2011, such obligation will commence from the date of registration by the CPE Secretariat.
4. How many points must I collect as a CMSRL holder or as an ERP if I carry out more than one regulated or permitted activities respectively?
Regardless of the number of regulated or permitted activities, a CMSRL holder is required to collect 20 CPE points in a year on or before the anniversary date of his/her licence whilst an ERP must collect 40 CPE points within the 2-year cycle period.
5. Can I carry over excess points for the next yearly submission of Anniversary Reporting for Authorisation of Activity (ARAA) or cycle period?
No. This requirement applies to both CMSRL holders and ERPs and is stated in the SC Licensing Handbook and the FAQs on IP Guidelines respectively.
6. What types of courses are available in the CPE curriculum?
Courses recognised under the CPE curriculum will be grouped into two broad categories namely the capital market development and capital market regulations. Each category will contain a wide range of topics directly relevant to the nature or the performance of your job or business. The selection of courses will be at your discretion as there is no requirement to attend courses from any specific categories.Always check the CPE Training Calendar to view the list of available courses currently offered by CPE-approved training providers.
7. How do I keep the records of my participation in CPE-approved courses?
The records of CMSRL holders’ and ERPs’ participations in CPE-approved courses will be kept in the CPE Tracker System. Such participation records will be submitted by the relevant training providers to the CPE Secretariat within three (3) working days after the completion of the course. Therefore, please provide the necessary details to the said training providers in order for them to submit the participation record for the timely award of the relevant CPE points. The CPE Tracker System would not be able to record the relevant CPE points if the CMSRL holders’ or ERPs’ details provided are inaccurate. Please note that CPE points will be awarded to courses approved by the CPE Working Committee. This means that you will not be entitled to claim any CPE points if you participated in a non CPE-approved course. You may check the CPE Training Calendar to view the list of current approved courses offered by CPE training providers.It is your responsibility to ensure that appropriate CPE points are awarded for attending a CPE-approved course. You can check your accumulated CPE points at View CPE Points. Please contact the training provider if your points are not updated.
8. Is there any other way of getting CPE points besides attending CPE-approved courses or programmes?
Besides attending or participating in CPE-approved courses, you can also collect CPE points through any of the following avenues:

  • Obtaining CPE-recognised qualifications;
  • Serving in CPE-approved industry associations or committees;
  • Public speaking on topics or subjects relating to the capital market;
  • Writing materials or works in a recognised business publication; and
  • Serving the Securities Commission Malaysia as an expert witness.

For more details, please refer to the Guidelines for Awarding CPE Points..

9. Will the CPE points be awarded to me if I have to leave during the course to attend an important client meeting, to catch my flight or to attend an examination? 
No, you will not get your CPE points. As a CMSRL holder or an ERP, you are expected to know the duration of the course and plan your schedule wisely.
10. Can I use my CPE points as professional qualifications in my resume?
CPE compliance indicates your earnest commitment to improving yourself professionally. However, it is left to the discretion of your prospective employer to take this into consideration.
11. Since CPE is compulsory and not voluntary, does it mean that I can attend courses on company time?
That depends on the arrangements you have with the company or organisation which you worked with. Having said that, the CPE training providers are always encouraged to hold approved courses during the weekend or after office hours to enable participants to attend courses outside working hours.
12. Do we have a choice of medium of instruction other than English?
Some courses may be bilingual. The overriding criterion is that they are CPE-approved courses.
13. Can anyone attend the CPE-approved courses, or only CMSRL holders and ERPs are eligible?
Anyone is welcome to attend CPE-approved courses. The CPE courses reflect the regulatory authorities’ serious commitment to training and education that can benefit not just market professionals but the investors’ community as a whole. However, participants other than CMSRL holders and/or ERPs will not be awarded CPE points for participating in the CPE-approved courses.
14. If I am a CMSRL holder or an ERP, can I attend the same course during the current licence tenure or cycle period and still collect CPE points?
You may attend the same course and, the CPE Tracker System will keep your record. However, you will be able to use only one of the CPE points gathered by repeating the same course.
15. Will there be sufficient CPE courses or programmes for me to attend?
We will continuously endeavour to ensure that sufficient supplies of CPE-approved courses are available for both CMSRL holders and ERPs. However, the CMSRL holders and ERPs will also need to manage their time wisely and be available to attend such courses. Otherwise, the CMSRL holders and ERPs may also consider collecting CPE points by carrying out any of the other activities recognised under the Guidelines for Awarding CPE Points.
15. Regarding the 10 CPE point rate for a full-day course, what about a course that lasts more than one (1) day?
A single course of half-a-day duration (3 training hours and above) carries 5 CPE points whilst a single course of a period of one day or more (6 training hours and above) carries the maximum of 10 CPE points.
16. Are the courses going to be costly?
The cost will commensurate with the depth and quality of the courses and, is driven by market demand. Both CMSRL holders and ERPs will be able to choose from a range of affordable courses.
17. I work in a small town. It would be inconvenient and difficult for me to keep making trips to Kuala Lumpur to attend the courses.
We encouraged our CPE-approved training providers to organise courses outside the Klang Valley as well as to offer in-house CPE-approved courses to help alleviate concerns with respect to availability of courses and costs involved. The SIDC will also endeavour to conduct courses in the major towns of each state.
18. Since ERPs are subjected to the same CPE requirements as the CMSRL holders, would the Securities Commission Malaysia be monitoring ERPs compliance to CPE requirements as well?
The IP Guidelines has prescribed that RPs shall be responsible to monitor their respective ERPs compliance to CPE requirements.
19. As a Chartered Financial Analyst (CFA), can I be exempted from fulfilling CPE requirement?
The CPE requirement applies to all CMSRL holders and ERPs, irrespective of their length of industry experience, professional qualifications and credentials. This is to ensure that all CMSRL holders and ERPs continually update their skills and knowledge to meet the changing demands of the profession.
20. Can I collect CPE points for being one of the speakers for a CPE-approved course where I am also attending as a participant?
You can only collect CPE points for either being a speaker or a participant and not both.