Bumiputera Training Fund for Stockbroking Companies

Kuala Lumpur, 30 June 1997

The RM5.0 million Bumiputera Training Fund for Bumiputera staff and personnel in stockbroking firms was officially launched at the Securities Commission (SC) Annual Dialogue Dinner on 27 June 1997.

An important feature of the Fund is that it targets all levels of Bumiputera staff of stockbroking companies --- directors, senior managers, executives, remisiers, and support staff. Therefore, the diverse target groups will be exposed to a comprehensive training programme which covers both technical skills and self improvement. The training programmes will kick off by July 1997 and include courses on developmental skills, business communications, finance, and sectoral analysis. The Securities Industry Development Centre (SIDC) of the SC also actively organises courses, seminars and workshops which will also serve as important training ground for Bumiputeras.

Establishment of the Training Fund was spurred after a joint survey by the SC and Kuala Lumpur Stock Exchange (KLSE) survey of 20 broker firms in the Klang Valley revealed the pertinent need for formal and systematic training of Bumiputeras within the stockbroking industry. The Fund is seen as part of a long-term measure to enhance the level and quality of Bumiputera participation in the capital market.

The Fund was established through contributions of RM1.0 million each from the SC and KLSE while the remaining RM3.0 million was sourced from the 60 broker firms which contributed RM50,000 each. The Training Fund will be managed by the SC through its educational arm, SIDC.


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The Securities Commission Malaysia (SC) was established on 1 March 1993 under the Securities Commission Act 1993 (SCA). We are a self-funded statutory body entrusted with the responsibility to regulate and develop the Malaysian capital market.

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