SIDC introduces new examination modules
The Securities Industry Development Centre (SIDC) today 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 from 18 July 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 representative and futures trading adviser’s licence are still pending or those who submitted new applications to the Securities Commission (SC) before 19 September 2002 will be given six months from 19 September 2002 to pass the new examinations 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 19 September 2002 and registration for both examination modules will commence from 22 July 2002.
Candidates who wish to sit for the 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 5 September 2002. Candidates who sit for either Module 2 or Module 3 or both modules before 5 September 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:
No. of questions
Types of Questions
|Module 12: Investment Management and Corporate Finance|
|Module 14: Futures and Options|
|Module 15: Investment Advisory (Rules and Regulations)|
All reference materials for the new examination modules could be purchased from SIDC Corporate Services at the SC building. For more information, please contact SIDC Corporate Services at 03-6204 8000 or visit the SC’s website.
SECURITIES INDUSTRY DEVELOPMENT CENTRE
22 July 2002