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This Guidelines for Awarding CPE Points (CPE Guidelines) applies to both the Capital Markets and Services Representative’s Licence (CMSRL) holders and the employees of registered persons (ERPs). It sets out the CPE-recognised activities which CMSRL holders and ERPs may undertake for the purpose of claiming CPE points, maximum points applicable for each of the activities as well as the procedures involved in obtaining the said points.

In order to accumulate CPE points, the CMSRL holders and ERPs may choose to participate in any activities namely the ‘Active Learning’ or ‘Development of Others’. Active Learning refers to any form of proactive learning arising from participative or interactive process between the learners and the instructors whilst “Development of Others” refers to the learning process that involves the sharing of knowledge and expertise of one person for the benefit of others.

The recognised activities that fall under each of the learning categories are listed as follows:-

A. Active Learning

  • Attending CPE-approved courses; and
  • Obtaining CPE-recognised qualifications.

B. Development of Others

  • 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.

The CMSLR holders and ERPs may collect up to the maximum CPE points set for each of the activities listed with the exception of ‘attending CPE-approved courses’. There is no maximum point set for this activity which means that the CMSRL holders and ERPs may satisfy their relevant CPE points requirement from this category alone.

In addition, Para 8.01 (3) of the SC Licensing Handbook stipulates that the CMSRL holders are not allowed to carry forward any excess CPE points for their next yearly submission of Anniversary Reporting for Authorisation of Activity (ARAA). Similar position is also reiterated for the ERPs under the FAQs On Guidelines of Investor Protection (IP Guidelines).

Please note that the granting of CPE points by virtue of the CMSRL holders or ERPs’ involvement or participation in any of the recognised activities listed in the CPE Guidelines does not grant any form of endorsements by the SC, Bank Negara or SIDC on the said activities.

The Guidelines may be updated from time to time and any changes or amendments made to the same will be effective immediately and will prevail over the previous version of the Guidelines.

Active Learning
1. Attending CPE-approved courses
(i) CMRSL holders and ERPs may obtain CPE points by successfully completing any of the following activities:
(a) courses
(b) talks
(c) workshops
(d) conferences and seminars
(ii) CMSRL holders may obtain a maximum of 20 CPE points from this activity. On the other hand, ERPs may accumulate up to a maximum of 40 CPE points from this activity within the two (2) years cycle period.
The CPE Points system attached to each course will be based on the following model:

  • 5 CPE points for a half-day course (3 hours and above)
  • 10 points for a one or more-days course (6 hours and above)
Procedures for claiming CPE points for attending CPE-approved courses:

  • Register for any of the CPE-approved course(s) as listed in the CPE Training Calendar with the relevant CPE-approved training provider(s).
  • CMSRL holders or ERPs must inform the training provider that they are subject to CPE requirements and provide the necessary details (i.e CMSRL licence number or ERP number) to the training provider.
  • Upon successful completion of the course, the CPE-approved training provider (i.e. the course organiser) will submit a participation record via the CPE Tracker System for the Secretariat’s verification and approval. Once the record is verified and approved by the Secretariat, the CPE Tracker System will automatically upload the applicable points into the CMSRL holders’ or ERPs’ records accordingly.
  • CMSRL holders and ERPs must contact the relevant CPE-approved training provider directly if their CPE Points records are not updated within three (3) working days after the completion of the course after the conclusion of the course.
2. Obtaining CPE-recognised qualifications
(i) All certifications programmes listed under the CPE Guidelines are CPE-recognised and CPE points will be awarded to CMSRL holders or ERPs based on the effective date of the said qualifications as stated below.
(ii) The CMSRL holders would only be entitled to claim CPE points for qualifications obtained during the tenure of the CMSRL holders’ licence. For ERPs, the entitlement of CPE points under this activity would only arise for qualifications obtained subsequent to the passing of the required examinations or from the effective date of exemption granted to such ERPs, whichever applicable.
(iii) No backdating of CPE points for qualifications obtained prior to the effective date is allowed.
(iv) Twenty (20) CPE points would be awarded upon successful completion of each CPE-recognised qualification.
(v) CMSRL holders may obtain a maximum of 20 CPE points from this activity. As for ERPs, they may accumulate up to a maximum of 40 CPE points from this activity within the two (2) years cycle period.
List of CPE-recognised qualifications

No. Qualification
1 PhD programme (Majors: Finance, Accountancy, Business & Law)
2 Masters programme (Majors: Finance, Accountancy, Business & Law)
3 Basic degree (Majors: Finance, Accountancy, Business & Law)
4 Chartered Financial Analyst (CFA)
5 Certified Financial Planner (CFP)
6 Chartered Certified Accountant (ACCA)
7 Chartered Financial Consultants (ChFCs)
8 Chartered Management Accountant (CIMA)
9 Chartered Public Accountant (MICPA)
10 Grad ICSA (MAICSA)
11 Islamic Financial Planning Course (IFPC) by FPAM
12 International Fixed Income and Derivatives (IFID) Certificate
13 Registered Financial Planner (RFP)
14 Diploma of Share Trading and Investment by Wealth Within Institute, Australia
15 Islamic Financial Planner (IFP) by FPAM
16 Certificate of Real Investment Finance (CREIF) by APREA Institute, Singapore
17 Chartered Accountant (CA) by MIA
18 Certified Practising Accountant (CPA) by CPA Australia
19 Chartered Accountant (ACA) by ICAEW
Procedures for claiming CPE points for obtaining CPE-recognised qualifications:

  • Submit a letter of application containing the necessary details (i.e. Licence No. and NRIC No. for CMSRL holders whilst for ERPs would be the ERP No. and NRIC) together with the certified true copy of the examination transcript or Certificate to the CPE Secretariat.
  • Appropriate CPE points will be awarded to the CMSRL holders or ERPs upon verification of the complete documentation and uploaded via the CPE Tracker System into the CPE Points records of the CMSRL holders or ERPs respectively.
Development of Others
1. Serving in CPE-approved industry associations or committees
(i) CMSRL holders or ERPs who are holding the following office bearer’s positions under the listed industry associations or committees will be granted up to the maximum CPE points from this activity and the details are as follows:

Office bearer’s position

CPE Points

Chairperson

10

President

10

Vice President / Vice Chairperson

10

Secretary

5

Treasurer

5

Committee Members

5

Sub-Committee Members

5

(ii) A CMSRL holder and an ERP will only be entitled to claim the relevant CPE Points for this activity provided that the appointment period as an office bearer is made during the existing or current tenure of CMSRL holder’s licence or the ERP’s two (2) years cycle period. No backdating of CPE points for previous appointments as office bearers are allowed. The CPE points will be granted on an annual basis depending on such appointment period.
(iii) For a CMSRL holder or an ERP who holds several office bearer positions in several committees of a particular industry association, CPE Points would only be granted once based on the highest position in any of the committees. On the other hand, the CMSRL holder or ERP who holds office bearer’s position in the sub-committees of an association will be entitled to claim the CPE points as a sub-committee member only.
(iv) CMSRL holders may obtain a maximum of 10 CPE points from this activity. In addition, ERPs may accumulate up to a maximum of 20 CPE points for every two (2) years cycle period.
List of CPE-approved Industry Associations

  • Association of Stockbroking Companies Malaysia (ASCM)
  • Federation of Public Listed Companies in Malaysia (FPLC)
  • Financial Planning Association of Malaysia (FPAM)
  • Malaysian Accounting Standards Board (MASB)
  • Malaysian Association of Asset Managers (MAAM)
  • Malaysian Institute of Certified Public Accountants (MICPA)
  • Malaysian Futures Brokers Association (MFBA)
  • Malaysian Institute of Accountants (MIA)
  • Malaysian Venture Capital Association (MVCA)
  • Persatuan Peniaga-peniaga Saham Malaysia (PERSAMA)
  • Persatuan Remisier Bumiputera Malaysia (PRIBUMI)
  • Persatuan Remisier Sarawak (PERIMSA)
  • Malaysian Society of Financial Analysts (MSFA)
  • Malaysian Financial Planning Council (MFPC)
  • Malaysian Financial Planners and Advisers Association (MFPAA)
  • Federation of Investment Managers Malaysia (FiMM)
  • Malaysian Investment Banking Association (MIBA)

List of CPE-approved Industry Committees

  • BTF Education Committee
  • BTF Finance Committee
  • BTF Trustees
  • CPE Advisory Group
  • CPE Working Committee
  • Bursa Malaysia Board of Directors
  • Bursa Malaysia Listing Committee
  • Bursa Malaysia Market Participation Committee
  • Bursa Malaysia Compensation Committee
  • Bursa Malaysia Appeals Committee
  • Bursa Malaysia Consultative Panels
  • Licensing Examination Review Committee
  • Malaysian Central Depository (MCD) Advisory Committee
  • Shariah Advisory Council (SAC) of the Securities Commission
  • Capital Market Development Fund (CMDF) Board
  • Vision Development Participant Group of the ASEAN Capital Market Forum
  • FTSE Bursa Malaysia Index Advisory Committee
  • ASEAN+3 Bond Market Forum (ABMF) of the ASEAN+3 Bond Markets Initiative Task Force 3
Procedures for claiming CPE points for serving in CPE-approved industry associations or committees:

  • Submit a letter of application containing the necessary details (i.e. Licence No. and NRIC No. for CMSRL holders whilst for ERPs would be the ERP No. and NRIC) together with the confirmation letter from the respective industry associations or committees to the CPE Secretariat.
  • Appropriate CPE points will be awarded to the CMSRL holders or ERPs upon verification of the complete documentation and uploaded via the CPE Tracker System into the CPE Points records of the CMSRL holders or ERPs respectively
2. Public speaking on topics or subjects relating to the capital market
(i) CMSRL holders or ERPs who speak on capital market related topics or subject courses may be awarded with the relevant CPE points based on the duration of the speaking event:

  • 5 CPE points for three hours or less
  • 10 CPE points for more than three hours
(ii) This activity includes lecturing on a capital market based subject conducted over the entire duration of the subject.
(iii) No additional CPE points will be awarded for speaking on the same topic or subject within the current tenure of the CMSRL holder’s licence or the ERP’s two (2) years cycle period.
(iv) CMSRL holders may obtain a maximum of 10 CPE points from this activity. In addition, ERPs may accumulate up to a maximum of 20 CPE points for every two (2) years cycle period.
Procedures for claiming CPE points for public speaking on topics or subjects relating to the capital market:

  • Submit a letter of application containing the necessary details (i.e. Licence No. and NRIC No. for CMSRL holders whilst for ERPs would be the ERP No. and NRIC), confirmation letter from the respective organisers and the outline of the presentation to the CPE Secretariat.
  • Appropriate CPE points will be awarded to the CMSRL holders or ERPs upon verification of the complete documentation and uploaded via the CPE Tracker System into the CPE Points records of the CMSRL holders or ERPs respectively.
3. Writing materials in a recognised business publication
(i) CMSRL holders or ERPs will be awarded with the relevant CPE points for writing capital market related publications. The points will be awarded if the publication date is within the current tenure of the CMSRL holders’ licence or the ERPs’ two (2) years cycle period.
(ii) Each approved publication will be awarded with 5 CPE points.
(iii) For each book publication, CPE points will be awarded based on the publication date as follows:

  • 10 CPE points when published
  • 5 CPE points for subsequent updates
(iv) No additional CPE points will be awarded for the same materials or book republished in the same or different year or republished by different publisher.
(v) CMSRL holders may obtain a maximum of 10 CPE points from this activity. ERPs may accumulate up to a maximum of 20 CPE points for every two (2) years cycle period.
Procedures for claiming CPE points for writing materials in a recognised business publication:

  • Submit a letter of application containing the necessary details (i.e. Licence No. and NRIC No. for CMSRL holders whilst for ERPs would be the ERP No. and NRIC) together with a copy of the published materials or book and where necessary, a confirmation letter from the relevant publisher verifying the authorship of the CMSRL holder or the ERP to the CPE Secretariat.Other details to be included in the letter are:
    • Name of publication
    • Date of publication
    • Name of publisher
    • ISBN (where appropriate)
  • Appropriate CPE points will be awarded to the CMSRL holders or ERPs upon verification of the complete documentation and uploaded via the CPE Tracker System into the CPE Points records of the CMSRL holders or ERPs respectively.
4. Serving the Securities Commission Malaysia as an expert witness
(i) For the purpose of claiming CPE points for this activity, the CMSRL holder or ERP must be appointed and served as an expert witness for the Securities Commission Malaysia (SC).
(ii) The relevant CPE points will still be awarded even though the CMSRL holder or ERP is not called to the court of law, provided always that such CMSRL holder or ERP have committed to a substantial amount of work related to the said appointment by the SC.
(iii) CMSRL holders may obtain a maximum of 20 CPE points from this activity. ERPs may accumulate up to a maximum of 40 CPE points for every two (2) years cycle period.
Procedures for claiming CPE points for serving the Securities Commission Malaysia as an expert:

  • Submit a letter of application containing the necessary details (i.e. Licence No. and NRIC No. for CMSRL holders whilst for ERPs would be the ERP No. and NRIC) together with the confirmation letter from the SC.
  • Appropriate CPE points will be awarded to the CMSRL holders or ERPs upon verification of the complete documentation and uploaded via the CPE Tracker System into the CPE Points records of the CMSRL holders or ERPs respectively.